India to Roll Out Shipbuilding Policy

08 Jul 2024 CW Team

India is poised to launch a new shipbuilding policy with the ambitious goal of securing a place among the top 10 global shipbuilding nations. This strategic initiative, led by the Ministry of Ports, Shipping, and Waterways, aims to enhance India's maritime infrastructure and boost the nation's economic growth. T.K. Ramachandran, the ministry's secretary, emphasized the policy's significance in positioning India as a key player in the international shipbuilding industry.

The upcoming policy is expected to address several critical areas to strengthen the country's shipbuilding capabilities. These include enhancing shipyard infrastructure, promoting technological advancements, and fostering a skilled workforce. By improving these aspects, the policy aims to increase India's competitiveness in the global market and attract significant investments in the maritime sector.

One of the core objectives of the new policy is to modernize existing shipyards and establish new ones equipped with state-of-the-art facilities. This modernization effort will involve adopting advanced technologies and best practices from leading shipbuilding nations. By doing so, India aims to boost its production efficiency, reduce construction time, and improve the quality of its vessels.

Real Estate

21 May 2025

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Infrastructure Transport

21 May 2025

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Infrastructure Transport

21 May 2025

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..