Govt to develop more than 250 ropeway projects of over 1,200 km

21 Apr 2023 CW Team

Union Minister for Road Transport and Highways Nitin Gadkari addressed 'INTERALPIN 2023 Fair', the Leading International Trade Fair for Alpine Technologies at Innsbruck, Austria. The fair brings together key industry players, service providers, and decision-makers from the Cable Car industry.

Gadkari said under 鈥淧arvatmala Pariyojana鈥�, the Government of India plans to develop 250+ projects with a Ropeway length of 1,200+ km over 5 years. He said the focus is on PPP under Hybrid Annuity Model with 60% contribution support by Government of India. He said the manufacturing of ropeway components will be promoted under the "Make in India" initiative.

Gadkari encouraged the Austrian and European industries to participate in enhancement of existing ropeway standards to ensure sustainable and safer transport and to be a part of this transformational journey to take Indian infrastructure to greater heights.

Gadkari also visited exhibits of world鈥檚 leading manufacturers of ropeway systems offering high-tech solutions, innovative design, top quality, and functionality, thus paving the way for convenient and environmentally friendly ropeway passenger transport.

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..