logo
Varanasi emerges as new industrial hub in Purvanchal

Varanasi emerges as new industrial hub in Purvanchal

Time of India26-05-2025

Varanasi: Under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh has seen a major industrial transformation, with Varanasi emerging as a key growth hub in Purvanchal.
Tired of too many ads? go ad free now
Improved law and order, robust infrastructure, and initiatives like Global Investors Summit have created a business-friendly climate.
In Varanasi alone, 48 industrial projects worth Rs 1,180.95 crore are now operational, generating 3,472 jobs, said a senior govt official. A new era of development is unfolding in Purvanchal, especially in Kashi with many reputed national and international companies already started operations in the city.
Vinod Verma, Assistant Commissioner of District Industry Promotion and Entrepreneurship Development Centre, said 48 projects commenced with an investment of Rs 1,180.95 crore from the Global Investors Summit , creating jobs for 3,472 people. Besides, 48 projects worth Rs 5,702.18 crore are set to launch soon, expected to provide employment to around 12,110 people. He further said companies like Saaswad Heat Transfer and Engineering Private Limited and Hilton Hotels Group's franchise, Double Tree, are now operational in Varanasi.
Amazon's contracted warehouse with Madhavan LLP is also up and running. Besides, Banaras Beads is collaborating with Tata's Indian Hotels Company Limited to build the Ginger Budget Hotel, and the construction is underway.
A wide range of companies from diverse sectors, including hotels, handloom and tourism, participated in groundbreaking ceremony. Some of the units are already operational, while others are expected to start soon.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sebi to launch UPI IDs for Sebi-registered entities that collect funds
Sebi to launch UPI IDs for Sebi-registered entities that collect funds

Economic Times

time20 minutes ago

  • Economic Times

Sebi to launch UPI IDs for Sebi-registered entities that collect funds

Synopsis The new ecosystem will enable a secure and transparent payment system for investors to transact with registered intermediaries. Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

PM Modi-led Cabinet approves two big Indian Railways projects: Koderma–Barkakana, Ballari–Chikjajur doubling gets nod; check details
PM Modi-led Cabinet approves two big Indian Railways projects: Koderma–Barkakana, Ballari–Chikjajur doubling gets nod; check details

Time of India

time28 minutes ago

  • Time of India

PM Modi-led Cabinet approves two big Indian Railways projects: Koderma–Barkakana, Ballari–Chikjajur doubling gets nod; check details

The railway expansion projects span across seven districts in Jharkhand, Karnataka and Andhra Pradesh. (AI image) Prime Minister Shri Narendra Modi-led Cabinet Committee on Economic Affairs (CCEA) has given its approval for two Indian Railways projects, with a combined expenditure of Rs. 6,405 crore. The first project involves doubling the Koderma-Barkakana track (133 kms), which runs through Jharkhand's primary coal-producing region. This route also provides the most direct and efficient railway connection between Patna and Ranchi. The second project is the doubling of the Ballari-Chikjajur line (185 kms), extending across Karnataka's Ballari and Chitradurga districts, and Andhra Pradesh's Anantapur district. The railway expansion projects span across seven districts in Jharkhand, Karnataka and Andhra Pradesh, adding approximately 318 kilometres to the existing Indian Railways network. The multi-tracking initiatives will benefit roughly 1,408 villages, serving a population of about 28.19 lakh residents. These routes are crucial for transporting various commodities including coal, iron ore, finished steel, cement, fertilisers, agricultural products, and petroleum items. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo The enhanced capacity will accommodate additional freight traffic of 49 MTPA (Million Tonnes Per Annum). As railways provide an environmentally sustainable and energy-efficient transport solution, these developments will support climate objectives and reduce national logistics expenses. The project will decrease oil consumption (52 Crore Litres) and CO2 emissions (264 Crore Kg), equivalent to planting 11 Crore trees. These infrastructure enhancements will boost the Indian Railways' operational capacity, leading to better efficiency and reliability in service delivery, according to CCEA press release. The multi-tracking initiatives aim to optimize railway operations and reduce traffic congestion. The initiatives stem from the PM-Gati Shakti National Master Plan, which focuses on multi-modal connectivity. Through coordinated planning, these initiatives aim to establish uninterrupted connectivity for the movement of people, goods and services. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

IIT Madras BS degree convocation marks milestone in democratizing tech education
IIT Madras BS degree convocation marks milestone in democratizing tech education

Time of India

time30 minutes ago

  • Time of India

IIT Madras BS degree convocation marks milestone in democratizing tech education

MUMBAI: On a day marked by quiet revolutions and roaring applause, the Indian Institute of Technology Madras held its Convocation and Certificate Distribution Ceremony for the BS Degree programmes on 8 June 2025—a moment that didn't just honour graduates but redefined who gets to be called one. In an auditorium humming with possibility, 867 students from across India and abroad received their scrolls—some holding three-year BSc degrees, others the first-ever batch to earn the four-year BS degrees in Data Science and Applications or in Electronic Systems. Among them were students from remote villages, urban sprawls, and even foreign cities. Some were just 18, others over 80. 'This is not just a graduation. It's a declaration,' said Prof. V. Kamakoti, Director, IIT Madras. 'That knowledge belongs to all. That no income bracket or geography or prior degree should keep someone from accessing world-class education.' Of the graduating cohort, nearly 150 come from families earning less than Rs 1 lakh annually. Another 100 come from households earning less than Rs 5 lakh. These degrees were not easy. Delivered online but assessed rigorously in person at exam centres across India and abroad, they are as academically demanding as any other degree from IIT Madras. They come with projects, labs, capstones—and grit. More than half the students (52%) are juggling this programme alongside another undergraduate degree. While 72% come from engineering or technical fields, a significant 22% come from arts, commerce, or sciences—each drawn by the programme's promise to rewire careers and reimagine futures. Among those honoured was Dr. Sadineni Nikhil Chowdary, an MBBS doctor from AIIMS Delhi, who not only graduated with a CGPA of 9.82 but also topped the GATE Data Science and AI exam. He now plans to pursue MTech at IIT Madras, showing that medicine and machine learning are not parallel tracks but converging ones. 'Three of the top 10 ranks in GATE DA were secured by our BS students,' noted Prof. Kamakoti. 'That speaks volumes of the academic depth this programme fosters.' The day also underscored a larger vision. With over 38,000 active learners and growing, this hybrid BS programme is IIT Madras' blueprint for Sustainable Development Goal 4: universal access to quality education. Whether it's a diploma, a BSc, or a full BS degree, students have flexible exits—and for some, even free rides, thanks to CSR support. 'We're not just building coders or data scientists,' said Prof. Andrew Thangaraj, Coordinator of the BS Program. 'We're shaping informed problem-solvers who understand both complexity and context—who can write code, but also ask the right questions.' Chief Guest Mr. Aravind Krishnan, Managing Director and Head, Southeast Asia Private Equity, Blackstone, described the programme as 'a global model for accessible, future-ready education,' adding that 'the ability to extract insights from complexity is now among the most valuable skills of our time.' Today, more than 4,800 students are studying tuition-free thanks to philanthropic support. Over 10,000 students from extremely low-income families receive up to 75% scholarship. Some have already secured admission into institutions like IISc, IITB, IITD, ISB, University of Michigan, and Texas A&M. What started as a bold experiment is now a quiet revolution. In a world obsessed with exclusivity, IIT Madras is building a new kind of legacy—one where excellence is not rarefied, but reachable.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store