Plans to Manufacture 80,000 Wheels Annually, Announces Vaishnaw

08 Dec 2023 CW Team

Railways Minister Vaishnaw has unveiled a visionary initiative to propel the Indian Railways towards self-sufficiency by announcing plans to manufacture 80,000 wheels annually. This strategic move is part of a broader agenda to enhance domestic manufacturing capabilities within the railway sector and reduce dependency on external sources.

The ambitious project is set to contribute significantly to the 'Atmanirbhar Bharat' (self-reliant India) vision, emphasising the importance of fostering indigenous production in critical infrastructure components. By undertaking this manufacturing endeavour, the Indian Railways aims to not only meet its own requirements but also position itself as a major contributor to the country's self-sufficiency goals.

As the railway sector embarks on this transformative journey, the initiative is expected to generate employment opportunities, boost the economy, and fortify the nation's manufacturing capabilities. Minister Vaishnaw's announcement underscores the government's commitment to building a robust and self-reliant railway ecosystem that aligns with the broader vision of a self-sufficient and resilient India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..