The Berlin-based venture capital firm aims to close Fund III—anchored in the broader project economy of construction and infrastructure—by the end of calendar 2025. Berlin-based venture capital firm Foundamental has announced the launch of its third fund, reinforcing its commitment to India and the Asia-Pacific region while expanding its global footprint across construction, infrastructure, and...
Tag: infrastructure
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Maharashtra Farmers Gain Daytime Irrigation Boost from Avaada’s Solar Push
The state government-led initiative under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) aims to provide farmers with reliable daytime electricity for irrigation while accelerating the shift to decentralised clean energy. Mumbai-headquartered Avaada Group has commissioned 11 solar power projects in Maharashtra’s Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0. The state-led initiative...
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GST on Drones Slashed to 5% in Major Tax Reform, Boosting India’s UAV Sector
Uniform taxation rate to reduce prices and spur drone adoption across agriculture, defence, and infrastructure. In a landmark move to support emerging technologies and industrial growth, the GST Council has approved a uniform 5 per cent goods and services tax (GST) on all categories of drones. The reform, announced at the 56th GST Council Meeting,...
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Delhi Airport Becomes Asia’s Fastest-Growing Transit Hub After 244% Surge in International Transfers
Delhi Airport’s strategic rise as a preferred East–West layover is reshaping long-haul travel, linking South Asia to North America and Europe with seamless regional transfers. Delhi International Airport (DIAL), operated by the GMR Aero-led consortium, has recorded a whopping 244 per cent rise in international-to-international (I-to-I) transfer traffic over the past two years, positioning it...
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ISRO Innovations Continue to Reach Industry as IN-SPACe Signs Five New Deals
With these latest agreements, the total number of technologies transferred to the Indian industry has reached 98. In a significant step towards commercialising space technologies and reducing import dependence, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) has facilitated the transfer of five innovations developed by the Indian Space Research Organisation (ISRO) to domestic...
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Inox Wind Divests ₹1.75 Bn Stake in EPC Arm at ₹74 Bn Valuation
The stake sale reflects growing investor confidence in India’s renewable EPC segment, as infrastructure scale and policy support converge. Inox Wind Ltd (IWL), a leading provider of wind energy solutions in India, has announced the sale of a ₹1.75 billion stake in its engineering, procurement and construction (EPC) subsidiary, Inox Renewable Solutions Ltd (IRSL), to...
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Inox Green Secures Long-Term O&M Deal for 182 MW Wind Projects
The contract, signed with an unnamed conglomerate, spans the remaining life of 182 MW of wind assets and consolidates projects linked to Inox Green’s shared infrastructure across Western India. Inox Green Energy Services has signed a comprehensive operations and maintenance (O&M) agreement for 182 MW of wind energy projects with the renewable arm of one...
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PixxelSpace-Led Consortium to Build India’s First Indigenous Commercial EO Satellite Constellation
In a first for India’s fledgling spacetech sector, a private consortium will invest over ₹12 billion over five years to deploy a constellation of 12 cutting-edge Earth observation satellites equipped with panchromatic, multispectral, hyperspectral, and microwave SAR sensors. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected a PixxelSpace India-led consortium—comprising Piersight Space,...
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Genesys First in India to Link DIGIPIN with 2D and 3D Maps for Digital Address Infrastructure
Developed in accordance with the Department of Posts’ DHRUVA framework, the system enables real-time address creation, lookup, and visual verification. Genesys, a leading homegrown geospatial technology company, has successfully integrated DIGIPIN—India’s standardised digital address layer—into its national 2D and 3D mapping platforms. This positions the firm at the forefront of building digital public infrastructure (DPI)...
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India Invites Feedback on Oil & Gas Reforms Ahead of Landmark OALP Round X: Hardeep Singh Puri
It is a great time for our industry leaders and entrepreneurs to look at oil and gas exploration in India. It has never been easier, faster and more profitable to do exploration in India,” Union Minister Hardeep Singh Puri posted on the microblogging platform X, while inviting feedback on a series of proposed reforms to...