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India's booming construction sector could add 30 million jobs by 2030 - Knight Frank
5 million technicians and a million clerical staff, the report said.1 million engineers, 1.The expansion could employ some of the nearly 100,000 engineering graduates and tens of thousands of rural migrant workers entering the job market every year.Knight Frank expects India’s construction sector, along with real estate services, to account for about one-fifth of the economy by 2030, employing 100 million workers.S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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India's construction sector second largest employment generator: Report
1 crore) of the workforce is estimated to be employed in the construction sector.Of the total workforce of 71 million employed in the construction industry, 4.With the advent of technology, the construction sector has also adapted itself to improve productivity, raising the demand for skilled manpower," the report said.As per the estimates of the National Skill Development Council (NSDC), 87 per cent of the overall employees (skilled and unskilled) are absorbed by the real estate sector, whereas 13 per cent are absorbed by the infrastructure sector.As per the report, India's construction sector is the second largest employment generator and as of 2023, 71 million (7.

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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M&M invests additional Rs 500 cr for EV infrastructure in Tamil Nadu
The automotive manufacturing company has built an EV battery test laboratory at an investment of Rs 210 crore at Mahindra Research Valley, the flagship R&D and innovation centre of the Mahindra Group.Currently, the equipment and components for the EV crash test unit are being procured, and the facility will be operationalised by January 2024.The company is also setting up an EV crash test unit at the Mahindra SUV Proving Track (MSPT) at Cheyyar near Chennai at an investment of Rs 290 crore to test electric SUVs with required standards, as EVs requires different crash test procedures and standards.The company intends to accelerate the development of EV platforms in order to roll out electric SUVs under a new platform INGLO.The new laboratory will conduct EV battery tests for crucial driving situations as well as vehicle safety.

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🇮🇳 India · 🗓️ August 02, 2023 · Construction

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NTPC to set up a new thermal power plant in Uttar Pradesh
The report will be sent to the Cabinet for approval at the earliest.Besides, the the power utility firm is planning expansion of the existing Meja thermal plant in Prayagraj district by adding two units of 800 MW each to the plant.The state Cabinet has already cleared the proposal for setting up 1,600 MW Obra D thermal power plant, in a JV with the UPRVUNL.The proposed plant comprising two units of 800 MW each is expected to be ready for operations in the next five to six years.NTPC will set up a new thermal plant in Uttar Pradesh in a joint venture (JV) with the UP Rajya Vidyut Utpadan Nigam (UPRVUNL), as well as expand the capacity of an existing plant.

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🇮🇳 India · 🗓️ August 02, 2023 · Construction

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ONGC awards contract worth Rs 837.34 cr to Engineers India
34 crore, and the project is expected to be completed in 45 months.Oil and Natural Gas Corporation (ONGC) has awarded a project to Engineers India for the revamping of gas terminal domestic, Kribhco terminal of ONGC and Hazira plant in Gujarat.The entire order value is around Rs 837.The project will be executed on an engineering, procurement, and construction (EPC) reimbursable open book estimate (OBE) basis.

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🇮🇳 India · 🗓️ August 02, 2023 · Construction

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