Chennai's Kasimedu Harbour Modernisation Nears Completion

19 Feb 2025 CW Team

Chennai鈥檚 Kasimedu Fishing Harbour is undergoing a Rs 1.27 billion modernisation project set for completion by mid-2025. Initially approved in April 2022, the project faced delays due to environmental clearance, which was granted in May 2024. As of February 14, 2025, 45% of the work has been completed.

Funded under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Sagarmala scheme, the project is being executed in two phases鈥擱s 1.16 billion for Phase 1 and Rs 106 billion for Phase 2鈥攃overing 18 key upgrades.

The development includes a high-tech ship lift facility for efficient boat repairs, improved roads, security, and parking, along with a modern fish handling shed, sanitary complexes, and a solid-liquid waste management system. Dredging to a depth of 4.5 meters will accommodate larger boats, while a vessel monitoring system will enhance safety. The facelift is expected to boost the fishing community鈥檚 livelihood and strengthen Chennai鈥檚 maritime sector.

(newindianexpress)

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..