logo
Bio mining resumes in Kodungaiyur after a delay; GCC to expedite work

Bio mining resumes in Kodungaiyur after a delay; GCC to expedite work

The Hindu13-05-2025

Chennai Corporation has resumed bio mining at Kodungaiyur dump yard and hopes to complete the work ahead of the scheduled target of February 2027.
'On May 12, permanent power supply was established to run packages 4 and 6 of the bio mining project in Kodungaiyur. The remaining four packages are expected to receive electrical connections by May 20. We will expedite the work,' said J.Kumaragurubaran, Chennai Corporation Commissioner. The bio mining project is a major initiative aimed at the scientific processing and reclamation of the long-standing waste dump located at Kodungaiyur, which spans over approximately 250 acres. For over four decades, wastes from Zones 1 to 8 of the city has been deposited at this site. 'The total waste to be processed is 66,52,506 tonnes and so far 11,06,521 tonnes have been processed,' said an official.
The work is divided into six packages handled by three concessionaires Zigma Global Environ Solutions for packages 1, 4, and 6, Ramky Infrastructure Ltd. for packages 2 and 5 and Ascent-e-Digital Solutions for package 3. In view of the summer season, combustible materials pose a fire hazard. A 24x7 water tanker with sprayer has been stationed at each package. The GCC has also stationed two water lorries having a capacity of nine KL to handle the emergency situation. A water sump with a 1.5 lakh litre capacity is also available on-site at the dumpyard. Instructions have been issued to Package 3 concessionaire to hand over at least two acre of reclaimed land by June 30, 2025 for tree planting initiatives. A mega camp for rag pickers was conducted on April 26 to assist with obtaining Aadhaar cards, ration cards, voter IDs, other mandatory documents and tenement allotments for those without housing. The GCC will provide employment opportunities based on educational qualifications, aiming to uplift their living standards.
A letter of acceptance has been issued to Delhi MSW to install an Integrated Waste Processing Facility at the site. The installation timeline is three years. The planned facility capacities include waste to energy plant with a capacity of 2100 MT, bio-CNG plant 550 MT, material recovery facility 1200 MT and compost plant 1100 MT. A total of 4950 MT of fresh waste per day will be processed in the future. A sanitary landfill is also proposed as part of this integrated setup to manage future fresh waste sustainably, said an official.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI in action: India's artificial intelligence market set to triple to $17 billion by 2027; talent base, public infra power growth wave
AI in action: India's artificial intelligence market set to triple to $17 billion by 2027; talent base, public infra power growth wave

Time of India

time12 minutes ago

  • Time of India

AI in action: India's artificial intelligence market set to triple to $17 billion by 2027; talent base, public infra power growth wave

India's artificial intelligence (AI) industry is poised for a threefold expansion by 2027, reaching $17 billion, as enterprises shift from pilots to scalable deployments, according to a new report by Boston Consulting Group (BCG). The report noted that AI has evolved into a core business imperative in India, accelerating decision-making, driving innovation, and expanding market access across sectors. 'AI is no longer an option but a business necessity,' said Mandeep Kohli, Managing Director and Partner at BCG India. He added that Indian firms are using AI to bypass traditional growth stages and establish a global competitive edge, reported ANI. India currently accounts for 16 per cent of the global AI talent pool—second only to the US—with more than 600,000 professionals. This figure is projected to double to 1.25 million. The report attributes this rapid growth to India's robust public digital infrastructure, such as Aadhaar, UPI, and ONDC, and the emergence of nearly 2,000 AI startups in the past three years. With over 700 million internet users and rapid infrastructure expansion, India is positioned as a scalable AI innovation hub, BCG said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3BHK Transformation Possible for ₹4.5 Lakh? HomeLane Get Quote Undo The report spotlights case studies from Razorpay, Lenskart, Pocket FM and NoBroker to illustrate AI's tangible impact. For example, Razorpay's AI tools help merchants during onboarding by prefilling and validating data, while Lenskart uses AI for virtual try-ons and face mapping. Pocket FM has reduced content production costs by 90 per cent, generating over 100,000 hours of audio using AI. NoBroker applies image verification through Iris to fast-track property listings. To scale AI successfully, BCG recommends its 70/20/10 framework—where 70 per cent of outcomes depend on people, organisation, and process, not just tech. Five key enablers are cross-functional collaboration, modern tech stacks, Centres of Excellence, reskilling initiatives, and responsible AI governance. Behavioural change is critical, BCG adds, noting that tools like emotional curve mapping and role-based interventions can smoothen the adoption journey for GenAI tools Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

India's AI market to triple to $17 billion by 2027: Report
India's AI market to triple to $17 billion by 2027: Report

Time of India

time29 minutes ago

  • Time of India

India's AI market to triple to $17 billion by 2027: Report

The Indian AI market is expected to grow to over $17 billion by 2027, more than tripling its current size, driven by increased investments in enterprise technology, a flourishing digital ecosystem, and a strong pool of skilled professionals, according to BCG. The nation makes up 16% of the world's AI talent, placing it behind only the US, reflecting both its demographic advantage and strong STEM education system. Boston Consulting Group (BCG), in a report titled "India's AI Leap: BCG Perspective on Emerging Challengers", said India has a thriving AI ecosystem with over 600,000 AI professionals, 700 million internet users, and a surge of AI startups with over 2000 launched in the past three years. "India's domestic AI market is projected to more than triple to $17 billion by 2027, making it one of the fastest-growing AI economies globally. This momentum is fuelled by rising enter-prise tech investments, a thriving digital ecosystem, and a robust talent base," the report said. Beyond talent, India's public digital infrastructures -- such as Aadhaar, UPI, DigiLocker, and the Open Network for Digital Commerce (ONDC) -- provide a robust and scalable base for AI integration across various industries. With a large base of internet users and extensive smartphone adoption, India generates massive volumes of data, which is the fuel for training AI models. This scale, BCG said, combined with open architecture, is enabling the development of population-scale AI solutions across sectors. India is set to add 45 new data centres in 2025, bringing an extra 1,015 MW of capacity to its existing network of 152 centres. The government's IndiaAI initiative, with a corpus of over Rs 10,000 crore, will establish national AI compute infrastructure, providing access to over 10,000 GPUs for AI model training and research. "AI is no longer an option but a business necessity. Indian companies are using it to leapfrog traditional growth curves and compete confidently on the global stage. "While the hurdle rate for successful deployment is high, the rewards are even higher, and the results speak for themselves. What separates the leaders is not just the tech, but how they manage change, build talent, and embed AI into the fabric of their organisation," said Mandeep Kohli, Managing Director and Partner, BCG India.

India signals: This is not the time to hold back
India signals: This is not the time to hold back

Economic Times

timean hour ago

  • Economic Times

India signals: This is not the time to hold back

ET Online As the global economy navigates choppy waters—geopolitical flashpoints, tariff tremors, and a retreat from globalisation—India is not merely staying afloat but charting its course with quiet resilience and growing recent 50-basis point rate cut by RBI is more than a monetary move—it is a strategic calibration, anchoring growth while maintaining hard-earned inflation stability. We must pause to recognise this rare alignment: retail inflation has dipped to a six-year low of 3.2%, driven by softening food prices and stable core inflation. Simultaneously, GDP grew 7.4% in the March quarter, taking full-year FY25 growth to 6.5%. Most economies manage either low inflation or high growth—India is achieving both, with a balance that is increasingly admired. This moment is no accident. It is the outcome of a decade of structural reform and digital infrastructure building. Aadhaar, UPI, GST, IBC, Rera— the scaffolding of a modern, efficient, and inclusive economy. Add to that GoI's continued capex push—up 17.4% in the FY26 budget—and RBI's liquidity infusion and phased CRR reduction, releasing ₹2.5 lakh crore into the banking system. Together, they reflect a finely coordinated fiscal-monetary strategy—not aimed at mere recovery, but at deeper signal behind the rate cut is employment—especially with a million entering the workforce every month. Encouraging trends in rural FMCG sales and urban vehicle demand point to momentum, but much more is needed. The real engine lies with India's SMEs—the country's largest job creators. For them, lower interest rates, easier access to credit, and regulatory certainty are not luxuries—they are RBI has reiterated that price stability is not at odds with growth—it is its foundation. When inflation is anchored, purchasing power is protected, long-term planning becomes viable, and entrepreneurial risk-taking stability is now reinforced by a progressive regulatory move. RBI's Lending Against Gold and Silver Collateral Directions, 2025, mark a significant liberalisation—especially for small-ticket borrowers. For the first time, loans up to ₹2.5 lakh can be extended at an LTV of 85%, reflecting a realistic understanding of rural and micro-enterprise hurdles around compliance and auction price transparency have been addressed. The result: more dignity, speed, and fairness in credit delivery. With over ₹20 lakh crore of household gold lying idle, this reform can unlock capital for MSMEs, small traders, and rural households—transforming dormant assets into engines of growth. It's not just reform; it's grassroots financial the external environment remains fragile. OECD and IMF have trimmed global growth forecasts below 3%, while WTO anticipates a contraction in merchandise trade. Rising debt, financial fragmentation, and tech disruptions in advanced economies add to the turbulence. India must remain watchful even as it grows more our financial sector is in far stronger shape than in past cycles. Bank NPAs are at multi-year lows, capital buffers are solid, and credit growth is gaining traction. Stress in retail unsecured lending is easing, and institutions are recalibrating. That said, the microfinance segment still requires close the external front, India remains resilient. Forex reserves exceed $691 bn —enough to cover over 11 months of imports. Services exports, especially in software and business services, continue to perform well. FTA with Britain —covering 99% of Indian exports—is a strategic beyond the numbers lies a deeper shift in sentiment. Investors sense an opportunity. Entrepreneurs, despite the global noise, are building for the long term. Consumers—both rural and urban—are showing quiet confidence in the many ways, India today is like a young startup—tested but unbroken, ambitious yet grounded, frugal yet bold. The fundamentals— 3Ds of demography, digitalisation, and domestic demand—are strong. But even strong fundamentals need fuel. With 100 bps of rate cuts since February and a move to a neutral stance, MPC is signalling: it's time to accelerate—not rashly, but road ahead will not be linear. Tariffs may resurface. Weather may disrupt. Global capital may hesitate. But India has built buffers—macroeconomic, institutional, and digital—that give it message to businesses and investors is clear: this is not the time to hold back. It's time to lean in—with innovation, investment, and inclusion. As the global order realigns, India doesn't just have a seat at the table—it is helping build the table. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Benchmarked with BSE 1000, this index fund will diversify your bets. But at a cost. Yet another battle over neem; this time it's a startup vs. Procter & Gamble Warren Buffett-fan Pabrai is betting big on Edelweiss' Rashesh Shah. Will it pay off? Move over tariffs, China wields rare earths in an economic war of a different kind Stock Radar: MGL trades above upwards sloping trendline, reclaims 100-EMA; check target & stop loss F&O Radar | Deploy Bull Call Spread in GAIL to play a bullish bet These 7 banking stocks can give more than 20% returns in 1 year, according to analysts Being an Amul shareholder is not possible; the next best dairy sector bets: 4 stocks, different market caps, upside potential is incidental

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