Infrastructure Development

Infrastructure Sector – One of the Biggest Job Market in Post-COVID era
Column, Infrastructure Development

Infrastructure Sector – One of the Biggest Job Market in Post-COVID era

Author: Suneel Wasan, Executive Director – HR, Egis India As the world scouts for a new manufacturing destination, after China started losing its popularity during the COVID era as the manufacturing hub of the world, India presents itself as an alternate destination to fill the global manufacturing gap. This situation augurs well with the decision of the Government of India to make India self-reliant with the Make in India Initiative adding further need in the creation of good infrastructure in all sectors – roads, aviation, power, water, port, urban infrastructure, etc. As per IBEF (1), the manufacturing sector in India is expected to reach US$ 1 trillion by 2025 and will contribute about 25% to its GDP. It is estimated that under the Make in India initiative, indigenous manufactur...
NICDIT Approves Inclusion of Odisha Economic Corridor
Infrastructure Development, News

NICDIT Approves Inclusion of Odisha Economic Corridor

New Delhi, Sept. 10, 2020: In a significant development, the proposal by the Government of Odisha for the inclusion of Odisha Economic Corridor (OEC) under the National Industrial Corridor Development Program has been approved by the National Industrial Corridor Development and Implementation Trust (NICDIT). The Board of Trustees has agreed for the initiation of the project development activities for the priority clusters identified for implementation under Phase-1 in the two nodes based on focused sectors identified by the State Government. OEC will be a part of the northernmost stretch of the East Coast Economic Corridor (ECEC), the first coastal economic corridor planned in the country. The corridor has a potential to generate over INR 4 lakh Crore of manufacturing output, INR 81 Th...
NHAI  Awarded Rs. 1,900 Crore Contract to DBL-HCC JV
Infrastructure Development, News

NHAI Awarded Rs. 1,900 Crore Contract to DBL-HCC JV

In a recent development, NHAI has awarded Rs. 1,900 crore contract to a joint venture between Hindustan Construction Company Ltd. (HCC) and Dilip Buildcon Limited (DBL), for design and construction of a 22-km road to link Jharkhand and Bihar, which will include a four-lane bridge over the Ganga river. The road will connect Sahibganj bypass in Jharkhand to Manihari bypass in Bihar. HCC share in the JV stands at 26% (i.e. Rs.494 crore). The scope of work envisages construction of 15.885 km new link (NH-1338) including 6 km long Ganga Bridge to 4 lane standard connecting Jharkhand with Bihar, construction of 6 km Manihari Bypass in Bihar to 4 lane standard and widening of NH-131A ending near Narenpur to 4 lane standard in Bihar. Mr. Arjun Dhawan, Group Chief Executive Officer said, "O...