Study warns of skill shortage in the sector Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 870,000 individuals by 2021, according to an industry study.
Compulsory private and innovative financing for Metros. The Union Cabinet has approved on 16 August 2017 a new Metro Rail Policy for private investments and to enable realization of growing metro rail aspirations of a large number of cities. The policy opens a big window
Proceeds to part finance expansion of yard projects. Cochin Shipyard has raised Rs1,442 crores from the Initial Public Offer (IPO) which has been a combination of fresh issue and offer for sale in the ratio of 2:1.
GEF Trust Fund to help strengthen institutional capacity. India has signed a Global Environment Facility (GEF) Grant Agreement with the World Bank for US$24.64 million for “Ecosystems Service Improvement Project”.
Chief Minister announced Rs.556.9 crore Infra projects. Punjab state’s chief minister Capt Amarinder Singh has finalised Rs.3,000-crore World Bank-aided project for potable water in Amritsar.
NHAI plans to build a flyover, underpass and bridges. Construction work will start in October 2017 on National Highway 8 from Delhi’s Metro Station, to decongest traffic on the road to Indira Gandhi International (IGI) Airport.
Industry gets fundings and initiatives support. Manufacturing of heavy-duty defence hardware in India is gaining momentum with the government accelerate supporting initiatives.
India prepares to host international manufacturers India’s defence sector is set to require an ever-increasing number of specialised advanced educational and training programmes as the country moves towards a more self-reliant status for the production of defence products and services.
Doubling of two lines and a flyover on offer. The Ministry of Railways has given details of three approved projects for doubling of two rail lines and a flyover.
58 projects approved under Sagarmala Programme. A Master Plan has been formulated for 12 major ports which includes 142 port capacity expansions, costing Rs.91,434 crore, and 884 million ton per annum of capacity creation over the next 20 years.