The ₹167 billion Navi Mumbai International Airport (NMIA) project is expected to boost Maharashtra’s GDP by 0.5 per cent, catalyse real estate growth, and reposition Mumbai as a global twin-airport city alongside aviation hubs such as Dubai, London and New York. Putting an end to a long wait spanning nearly two decades, Prime Minister Narendra...
Category: ECONOMY & POLICY
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NMIA Ripple: Real Estate Activity Accelerates Across Panvel and Navi Mumbai
Property values have surged across Uran-Ulwe, Kharghar, Dronagiri, Taloja and Panvel, fuelled by sustained demand, improved connectivity and long-term investment potential. The operationalisation of the ₹167 billion Navi Mumbai International Airport (NMIA) is already reshaping the region’s real estate landscape, with Panvel and surrounding nodes emerging as high-growth corridors. According to Vimal Nadar, National Director...
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IMC 2025: Satcom Summit Calls for Space Networks to Bridge Digital Divide
As India’s satellite communication sector enters a transformative phase, its future success will hinge on delivering universal digital access, said top lawmakers, industry leaders and technologists at the inaugural SATCOM Summit on Wednesday. With policy reforms, public-private partnerships and next-generation technologies propelling India’s satellite communication sector into a transformative phase, its future success lies in...
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Sembcorp to Acquire ReNew Sun Bright, Expanding India Solar Portfolio to 6.9 GW
The deal, valued at approximately Singapore $246 million and subject to customary adjustments, marks a strategic expansion of Sembcorp’s renewable energy footprint in India. Singapore headquartered Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Green Infra Pvt. Ltd has signed a share purchase agreement to acquire 100 per cent of ReNew Sun Bright Pvt. Ltd from...
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Indian Railways Achieves Record Capex Utilisation in H1 FY26; Safety and Network Expansion Lead Spend
The largest share of spending has gone towards safety works, including investments in the automatic train protection system KAVACH, alongside track renewals, bridges, level crossings and road overbridges. Indian Railways has achieved its highest-ever capital expenditure utilisation, deploying ₹1.42 trillion by the end of September 2025 in FY2025-26. This represents 56.5 per cent of its...
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IMC 2025: Modi Urges Indian Tech Leaders to Scout Global Gaps and Make for the World from Bharat
The prime minister said India’s democratic foundations, pro-investment policies and streamlined business environment have positioned the country as a trusted global destination for technology and manufacturing. Prime Minister Narendra Modi has called on India’s technology leaders to seize emerging opportunities in the world’s digital and manufacturing sectors, positioning the country as a trusted global hub...
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IMC 2025: Scindia Positions India as Telecoms Launchpad for Global Innovation and Scale
The minister added that India’s emerging digitally skilled workforce, backed by a robust framework of security and sovereignty, is poised to drive the telecom revolution and shape a Viksit Bharat. India’s telecommunications sector has reached a pivotal moment, unlocking opportunities for global stakeholders to design and manufacture in India for the world, Union Minister for...
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Modi Government Clears ₹12 Trillion Infrastructure Push in Third Term, Says Vaishnaw
Since June 2024, the Government of India has launched one of its most ambitious infrastructure investment cycles, spanning aviation, highways, railways, ports, metro systems, housing, and more. Since the start of Prime Minister Narendra Modi’s third term on June 9, 2024, the central government has committed over ₹12 trillion towards infrastructure development across key sectors,...
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Over ₹109 Billion in Rooftop Solar Loans Sanctioned Under PM Surya Ghar Scheme
The scheme, which aims to empower residential consumers with free solar electricity, is backed by a streamlined credit delivery framework. The PM Surya Ghar Muft Bijli Yojana has crossed a major milestone in its push for clean and affordable energy access. As of September 2025, Public Sector Banks (PSBs) have sanctioned over 579,000 loan applications...
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India Flags Third VLGC ‘Shivalik’ as Maritime Push Gains Momentum
The minister also confirmed that the state-owned Shipping Corp. of India is working with oil PSUs to aggregate demand for 112 vessels and form a joint venture for long-term fleet augmentation, an initiative that could save India up to $75 billion in foreign exchange annually paid to foreign shipping lines. In a major boost to...