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Larsen & Toubro Ltd (LART.NS) has secured a contract to build a $135 million stadium for Qatar's 2022 World Cup, an official told Reuters on Monday, a boost for the Indian firm facing a slowdown in it...
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The major cities and business centres are already groaning under the pressure of more people than they can truly handle; the overall standard of living in these cities is dropping. As initiatives such as Modi's Smart Cities campaign take off, more companies are looking to invest in non-metro cities.
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As India continues to industrialize rapidly, it is entering its most energy-intensive phase of economic growth -- building new infrastructure and increasing the use of transportation. Its energy demand was nearly 700mtoe (million tonnes of oil equivalent) in 2010. According to a McKinsey report, this is expected to cross 1500mtoe by 2030.
There's something about serving in the Modi government that converts seemingly sensible people into inept spinmeisters. Consider the respected Columbia University economist and NITI Aayog Vice Chairman Arvind Panagariya. In an 8 May 2016 Business Standard op-ed titled The turnaround in infrastructure, he reeled off the Modi government's many accomplishments in this arena. Following which he warned critics to "ponder the fate of infrastructure in the country had the previous administration continued." Except, if anybody bothers to look closer, Panagariya's claims turn out to be irrelevant, misleading or simply false.
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India is set for a quantum leap in infrastructure and concerted efforts are being made to bolster growth in highways, I-ways and railways, Prime Minister Narendra Modi said on Friday. Launching an amb...
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It has been slightly more than two decades since India opened up its economy to the world. During this period, rapid economic growth in areas such as software services and trade has created a lot of wealth. Yet, contradictions abound. Everywhere in India -- even its glitziest hotels and ostentatious shopping malls -- abject poverty is only a stone's throw away, just around the corner if not right outside.
Truth is, Indian cities offer extremely low quality of life. Most would qualify as quite un-smart cities. Along with economic opportunities, urban residents need decent housing with core infrastructure such as 24x7 water, power, a tap and sewerage connection in every home, parks and green spaces and a hassle-free commute to work, preferably walking to work or by public transport. Instead, we have slums, pollution, deficient public transport and unresponsive city governance.
A 28-year-old woman, a diploma holder in engineering from a government polytechnic college, drove Chennai's first metro train on Monday. The Chennai Metro Rail service was flagged off from Alandur sta...
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Let's face it! Cities in India that have been built without much foresight of having to accommodate a surge in population are quite literally, idiomatically put, bursting at their seams.
India reminds me of a giant distracted child playing Lego. There are always pieces mislaid, left over or gone missing. Look around you. Nothing ever seems to be well thought out or executed in its entirety. We see this in almost all aspects of our daily life.