Cabinet approves multi-crore Badvel Nellore 4-lane highway, two multitracking projects of railways in Maharashtra and MP
The Government of India's Cabinet Committee on Economic Affairs (CCEA) approved the Badvel-Nellore four-lane highway project along with two Indian Railways multitracking projects in Maharashtra and Madhya Pradesh, according to an official announcement.
Prime Minister of India, Narendra Modi, along with other cabinet members, approved the projects at the CCEA meeting on Wednesday, 28 May 2025.
The government approved the construction of the 4-lane Badvel-Nellore highway on Wednesday. The project will cost ₹ 3,653.10 crore, spread across a length of 108.134 km in the state of Andhra Pradesh.
'The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the construction of 4-Lane Badvel-Nellore Corridor with a length of 108.134 km at a cost of ₹ 3,653.10 crore in state of Andhra Pradesh on NH(67) on Design-Build-Finance-Operate-Transfer (DBFOT) Mode,' said the government in the official release.
The highway project aims to connect three industrial corridors in Andhra Pradesh and positively impact India's Logistics Performance Index (LPI).
The project will start from Gopavaram Village on the National Highway (NH) 67 and will end at the Krishnapatnam Port Junction on NH-16. The government also seeks to reduce the travel distance to Krishanpatnam port by 33.9 km from the current 142 km to 108.13 km.
'The project with 108.134 km will generate about 20 lakh man-days of direct employment and 23 lakh man-days of indirect employment. The project will also induce additional employment opportunities due to increase in economic activity in the vicinity of the proposed corridor,' they said in the press release.
Prime Minister Narendra Modi also approved two Indian Railway multitracking projects on Wednesday, 28 May 2025, to speed up the transportation of passengers and goods in Maharashtra and Madhya Pradesh.
According to the government data, the projects are estimated to cost nearly ₹ 3,399 crore and are expected to be completed by the year 2029-30.
Both the multitracking projects will cover four districts across the states of Maharashtra and Madhya Pradesh, aiming to increase India's Railway network by 176 km, as it will connect nearly 784 villages with a population of around 19.74 lakh.
'These are essential routes for transportation of commodities such as coal, cement, clinker, gypsum, fly ash, containers, agriculture commodities, and Petroleum products etc. The capacity augmentation works will result in additional freight traffic of magnitude 18.40 MTPA (Million Tonnes Per Annum),' said the Indian government in the official release.
According to the filing, the project is expected to generate direct employment for nearly 74 lakh human-days during the construction period.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
43 minutes ago
- Business Standard
IATO urges govt to set up ₹1,000 cr board to boost foreign tourist inflow
The Indian Association of Tour Operators (IATO) on Monday wrote to Prime Minister Narendra Modi, seeking an immediate budgetary allocation of ₹1,000 crore under the Incredible India campaign, as well as the formation of an India Tourism Board under the PM's leadership to increase foreign tourist arrivals (FTAs) in the country. This request follows IATO's repeated concerns over India's slow recovery in FTA numbers compared to 2019 levels. As the apex body for inbound tour operators, IATO collaborates with the government and other hospitality stakeholders on policy matters related to FTAs. The association said these measures are crucial with the upcoming tourist season just months away and could help boost inbound tourism in the current financial year. According to the India Tourism Data Compendium 2024, 9.52 million FTAs were recorded in 2023 as part of an ongoing recovery. In comparison, 10.93 million FTAs were recorded in 2019, before the pandemic. 'When global trade is facing unprecedented disruptions due to tariff wars and geopolitical shifts, tourism exports remain unaffected by such constraints,' said IATO President Ravi Gosain in a statement. 'Unlike goods, India's tourism export—foreign tourists spending in India—is non-tariff based and brings direct foreign exchange earnings into the country. This makes inbound tourism a stable, sustainable, and immediate contributor to India's current account, foreign exchange reserves, employment generation, and overall trade balance. Yet, regretfully, the country is lagging in efforts to attract foreign tourists.' Gosain added that IATO has already taken steps such as simplifying visa processes, expanding the scope of e-visas, fast-tracking group tourist visas, and proposing visa fee waivers for select countries to enhance FTA numbers. He further emphasized the need to incentivize international airlines and air charters to improve connectivity to key tourism circuits, especially in Tier-II and Tier-III destinations. 'This sector alone has the potential to contribute 1 to 2 per cent to the GDP. Therefore, this engine needs to fire,' he said.
Time of India
an hour ago
- Time of India
India to open flagship EV making policy to lure global giants
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is set to open applications for its flagship policy offering lower import duties to global electric vehicle makers in exchange for manufacturing in India, people familiar with the matter policy, that was announced in March 2024, offers to slash duty to 15% on any imported electric car priced from $35,000 if they invest at least 41.5 billion rupees, or about $500 million, to set up a local plant within three years. Up to 8,000 cars yearly can be imported at this reduced for this may open as early as this month and extend till March 15 next year, according to people familiar with the discussions who did not want to be third-largest Asian economy is seeking to lure EV makers like Elon Musk-led Tesla Inc., which is gearing up to start selling its cars to India after criticizing the country's high duties regime for years. India is still a market hotspot for EVs while demand is mellowing in other parts of the world. The new policy, if it draws industry giants, will also intensify competition for local automakers who currently dominate the EV the broad outline is in line with what was announced last year, the people added that certain conditions have been tightened now with the Narendra Modi government to weed out non-serious has increased financial eligibility, mandating minimum revenue requirement of 50 billion rupees in the fourth year and 75 billion rupees a year later for any applicant approved under the policy. Those falling short will face a penalty of up to 3% on the revenue Ministry of Heavy Industries did not immediately respond to an email seeking comments.
Economic Times
an hour ago
- Economic Times
Maruti Suzuki says no immediate hit from China curbs on magnet exports
Maruti Suzuki, India's top carmaker, said on Monday there is no immediate impact on its car production from China's export curbs on rare earth magnets, a key component in electric and gasoline cars. ADVERTISEMENT Indian car and component manufacturers told Prime Minister Narendra Modi's officials last week that auto production could grind to a halt within days due to Chinese export restrictions on rare earth magnets, Reuters reported. The companies want the government to lobby Beijing to relax the curbs. A China move risked leaving Indian car production dead in its tracks (You can now subscribe to our Economic Times WhatsApp channel)
