Karnataka to hit the waterway

06 Oct 2023 CW Team

In a significant move, the state of Karnataka is set to introduce national waterways, adding to its existing network of national highways and expressways. Numerous river courses within the state have been designated as national waterways, and various projects are underway to enhance these aquatic routes.

One of the initial projects focuses on improving the Ghataprabha River stretch between Almatti and Bagalkot, designated as National Waterway 41, with an estimated investment of Rs 12.20 crore. Another project targets the development of the Kali River, identified as National Waterway 52, with an investment of Rs 14.46 crore.

For travelers seeking to explore the picturesque backwaters of Almatti, particularly those journeying from Bengaluru and other regions, plans are in motion to establish a 15-kilometer waterway connecting the Almatti backwaters to the Herkal Bridge cum barrage. This initiative falls under the Sagarmala project and is expected to cost approximately Rs 12.2 crore. As part of this endeavor, officials are contemplating the construction of jetty stations at both Almatti and Herkal, which will facilitate the transportation of boats and barges.

Furthermore, a proposal is on the table to allow seaplane landings at the Almatti backwaters, potentially expanding transportation options for visitors and boosting connectivity in the region.

These developments mark a significant step forward in enhancing water-based transportation and connectivity within Karnataka, providing a promising avenue for economic growth and tourism in the state.

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..