Rising North East Summit Concludes with Rs 4.3 Trillion Investment Push

01 Jun 2025 CW Team

The Rising North East Investors Summit 2025 concluded on May 24 with Rs 4.3 trillion in investment proposals, marking a pivotal step in positioning the Northeast Region (NER) as India's next economic powerhouse. The two-day event, inaugurated by Prime Minister Narendra Modi, attracted participation from over 80 countries and leading Indian industrialists.

Union Minister Jyotiraditya Scindia, in his valedictory address, credited the Modi government鈥檚鈥渨hole-of-government鈥� approach for unlocking the region鈥檚 potential. High-level task forces have been formed across eight priority sectors including agriculture, tourism, infrastructure, and textiles.

Major corporate pledges included Rs 750 billion by Reliance Industries, Rs 500 billion by Adani Group, and over Rs 300 billion by Vedanta. The summit is the first of its scale organised by the Ministry of Development of the North Eastern Region (MDoNER), following a year of intensive investor outreach with nine roadshows, six state roundtables, and meetings with over 131 investors.

Scindia reaffirmed the Centre鈥檚 commitment to swift project execution, positioning NER as India鈥檚 gateway to Southeast Asia. The region has seen notable infrastructure gains, including an increase in national highways from 10,905 km in 2014 to 16,207 km in 2024, and a rise in airports from 9 to 17.

Real Estate

12 Jun 2025

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8鈥�10 new redevelopment projects across the city鈥檚 key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Real Estate

12 Jun 2025

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex鈥檚 initiatives across e-governance, heal..

Equipment

12 Jun 2025

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said, 鈥淲e are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..