New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal held a brainstorming session with senior officials of various ministries and captains of Indian industry on drawing up an action plan to strengthen the country’s manufacturing sector.”Chaired a comprehensive and productive meeting with officials from key ministries and leading industry associations to strategize on boosting domestic manufacturing,” the minister said in a post on X.”Reaffirmed the Government’s commitment to wo…
Latest Infrastructure News & Updates
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
Washington, May 21 (IANS) President Donald Trump on Thursday strongly defended the construction of a new ballroom complex at the White House. Speaking during a White House event, Trump rejected suggestions that taxpayer money was being used to finance the ballroom itself.“I don’t need money for the ballroom,” Trump said. “I’m making a gift of the ballroom.”The President said the ballroom project, originally estimated at $200 million, had expanded in scale because of security and oper…
Washington, May 21 (IANS) Industrial conglomerate Adani Group’s settlement of its legal issues in the United States could help accelerate India’s ambitions in the nuclear energy sector, industry veteran Dr Kris Singh has said, adding that the diversified Group is well-positioned to contribute to large-scale infrastructure development in the field.“I’m glad to see that it’s been settled. So, the Adani (Group) can participate in the nuclear programme that had just opened up,” Singh, Fo…
New Delhi, May 20 (IANS) The combined index of India’s eight core infrastructure industries increased by 1.7 per cent during April this year, compared to the same month of the previous year, with cement, steel and electricity recording a positive growth, according to data released by the Commerce and Industry Ministry on Wednesday.The final growth rate of the eight core industries for March was observed at 1.2 per cent. The cumulative growth rate of the index of eight core industries during Ap…
New Delhi, May 19 (IANS) The India Exim Bank on Tuesday extended a $100 million loan to the Africa Finance Corporation (AFC) to support India’s project exports on the continent.The fresh loan is in addition to a facility of $100 million extended to the AFC in August 2021 to develop critical infrastructure required for the revival of Africa’s economies in the wake of the Covid-19 pandemic, and another credit line of $100 million, extended in March 2026, to support India’s project exports in…
New Delhi, May 19 (IANS) Despite the political upheaval in Bangladesh with the overthrow of former Prime Minister Sheikh Hasina’s government in August 2024 and ‘anti-India’ rhetoric launched by the new regime, what stands out is that there was no disruption in the power supply from India to the neighbouring country through the cross border infrastructure built over the years, according to a news article. The two countries had spent years constructing an energy partnership — pipelines, power gri…
Washington, May 19 (IANS) The resolution of the legal matter involving Adani Enterprises Ltd removes a major distraction from the growing India-US economic partnership, and could pave the way for fresh Indian investments in the United States, the US-India Strategic Partnership Forum (USISPF) said on Monday.“The US Department of Justice’s resolution in the case involving Adani Enterprise brings closure to the ongoing legal matter, which has been a distraction to the otherwise strong US-India ec…
Guwahati, May 18 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said that manufacturing would be the key to achieving the goal of a “Viksit Bharat” and asserted that Assam is poised to play an important role in the country’s industrial growth story. Sharing details of the Centre’s industrial expansion plans, the Chief Minister said the state is developing multiple industrial locations under the BHAVYA initiative of the Government of India, aimed at creating world-class plug-and-play…
New Delhi, May 18 (IANS) Prime Minister Narendra Modi on Monday said that he was honoured to address the European Round Table for Industry (ERT) in Gothenburg, Sweden. The Prime Minister said his speech focused on the growing convergence between India and Europe, the opportunities emerging from the India-European Union Free Trade Agreement (FTA), and India’s reform-driven economic growth journey.PM Modi took to social media ‘X’ and said, “Honoured to have addressed the European Round Table for…