Indian Billionaire Boosts Dar Port

13 Feb 2024 CW Team

In a bid to strengthen ties and contribute to the economic growth of Tanzania, Indian billionaire has successfully acquired TICTS, a pivotal player in the Dar es Salaam port operations. The billionaire's vision aligns with bolstering trade and commerce, aiming to elevate the port's efficiency and expand its capacity to accommodate the growing demand.

This strategic move is poised to enhance Tanzania's maritime infrastructure, facilitating smoother import and export processes. The acquisition comes at a time when the Dar es Salaam port plays a crucial role in the East African region, serving as a gateway for goods and trade. The Indian Billionaire is set to bring his business acumen and expertise to fortify the port's position as a key trade hub.

The billionaire's commitment to fostering economic collaboration between India and Tanzania is evident, as the acquisition is expected to create employment opportunities and stimulate economic growth in the region. This venture not only underscores Indian billionaire's business prowess but also showcases the potential for mutually beneficial partnerships between Indian entrepreneurs and African economies.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..