Tag Archives: Infrastructure

In a significant move, China has pledged nearly $51 billion in financial support for Africa, focusing on infrastructure projects and job creation amid ongoing concerns about debt diplomacy. The announcement was made by Chinese President Xi Jinping at the Forum on China-Africa Cooperation Summit held in Beijing.

The Narendra Modi government has approved a landmark infrastructure initiative, sanctioning eight major National High-Speed Road Corridor Projects at a total cost of ₹50,655 crore. Announced on Friday, these projects collectively span 936 kilometers and aim to bolster logistics efficiency, mitigate congestion, and enhance connectivity across India.

Investment banking giant Morgan Stanley has projected a substantial growth in India's infrastructure investments, forecasting a compound annual growth rate (CAGR) of 15.3% over the next five years. This significant increase is expected to result in a cumulative expenditure of $1.45 trillion (₹121.16 lakh crore) by 2028.

Mumbai witnessed a major milestone in its infrastructure with the inauguration of the Mumbai Trans Harbour Link (MTHL), also known as the Atal Setu, by Prime Minister Narendra Modi. Stretching over 21.8 kilometers, the MTHL now stands as India's longest sea bridge, connecting Sewri in Mumbai to Nhava Sheva in Raigad district. The inauguration ceremony showcased the significant achievement in the country's infrastructure sector.

Adani Group, with diversified interests, has seen its total market capitalization cross ₹11 trillion, driven by investor confidence and strategic initiatives in infrastructure and power amid India's growing energy demand.