The Business Factors News Desk

New Delhi, Sept 03 (2025): Prime Minister Narendra Modi has expressed his happiness that the GST Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST rate cuts & reforms, which will benefit the common man, farmers, MSMEs, middle-class, women and youth. "The wide ranging reforms will improve lives of our citizens and ensure ease of doing business for all, especially small traders and businesses", he stated.

The Prime Minister posted on X:

"During my Independence Day Speech, I had spoken about our intention to bring the Next-Generation reforms in GST. 
The Union Government had prepared a detailed proposal for broad-based GST rate rationalisation and process reforms, aimed at ease of living for the common man and strengthening the economy.

Glad to state that @GST Council, comprising the Union and the States, has collectively agreed to the proposals submitted by the Union Government on GST rate cuts & reforms, which will benefit the common man, farmers, MSMEs, middle-class, women and youth.

The wide-ranging reforms will improve the lives of our citizens and ensure ease of doing business for all, especially small traders and businesses."

The Business Factors News Desk

New Delhi, September 2, 2025 — The future just got a little closer. At the sprawling Yashobhoomi Convention Centre, Prime Minister Narendra Modi lit the fuse on India’s semiconductor ambitions, inaugurating Semicon India – 2025 with a rallying cry that echoed across industries and borders: “Oil was black gold. But chips? Chips are digital diamonds.” 

And with that, India’s tech narrative took a dazzling new turn.

A Global Gathering, A National Moment

With CEOs from top semiconductor firms, tech entrepreneurs, and students from every corner of India in attendance, the Prime Minister’s address was more than ceremonial—it was strategic, symbolic, and deeply personal. Having just returned from Japan and China, PM Modi shared his visit to Tokyo Electron’s factory alongside Japanese PM Shigeru Ishiba, noting that the company’s CEO was seated in the audience.

“My passion for technology is no secret,” he smiled. “And today, I stand among those who will shape the digital destiny of the world.”

India’s Innovation + Global Trust = Semiconductor Powerhouse

With representation from over 50 countries, the event was a testament to India’s rising credibility in the global tech arena. PM Modi declared:

“The world trusts India. The world believes in India. And the world is ready to build the semiconductor future with India.”

He welcomed international partners as co-architects of a self-reliant, developed India, where chips are not just manufactured—but designed, made, and trusted on Indian soil.

Growth That Defies Gravity

Referencing India’s 7.8% GDP growth in Q1, PM Modi emphasised that while global economies are grappling with uncertainty, India is surging ahead across sectors—from manufacturing and services to agriculture and construction.

“This momentum isn’t just economic—it’s emotional. It’s energising every citizen, every industry, every innovation.”

And that energy, he said, is what will catapult India into the top three economies of the world.

The Chip That Changed the World

In a poetic pivot, PM Modi drew a powerful analogy:“The 20th century was shaped by oil wells. The 21st will be shaped by chip fabs.”

He spotlighted the $600 billion global semiconductor market, predicting it will soon cross $1 trillion—and India, he said, is racing toward a commanding share of that future.But there was also a call to action: “The lesser the paperwork, the sooner the wafer work can begin.”

Designed in India. Made in India. Trusted by the World

With conviction and clarity, PM Modi laid out a vision where India isn’t just a participant in the semiconductor race—it’s a pacesetter. “The day is not far when the world will say: Designed in India, Made in India, Trusted by the World.”

Semicon India – 2025 wasn’t just an event. It was a declaration of intent, a blueprint for transformation, and a celebration of India’s digital destiny—etched not in stone, but in silicon.

From File to Fab: PM Modi Declares India’s Chip Revolution Is Unstoppable

“Our journey began late… but nothing can stop us now”

In a speech that pulsed with urgency and optimism, Prime Minister Narendra Modi laid out India’s breathtaking sprint into the semiconductor future. Addressing a packed hall at Semicon India – 2025, he didn’t just talk numbers—he painted a vision of India as a full-stack semiconductor powerhouse, ready to shape the digital destiny of the world.

A Timeline of Transformation

PM Modi began by spotlighting the pace of progress:

•        2021: Semicon India programme launched

•        2023: First semiconductor plant approved

•        2024: Multiple new projects greenlit

•        2025: Five more cleared, bringing the total to ten active semiconductor projects

With $18 billion (₹1.5 lakh crore) already committed, he declared:

Speed Is the New Strategy

In the chip world, time is currency. And PM Modi made it clear:

To cut red tape and accelerate execution, the National Single Window System now offers seamless approvals from both the Central and State Governments. Investors, he said, are finally free from the paperwork jungle.

Plug-and-Play Parks, End-to-End Capability

India’s new semiconductor parks are being built with a plug-and-play model—ready-to-roll infrastructure with land, power, ports, airports, and skilled talent baked in. Add to that the PLI incentives and Design Linked Grants, and you get a recipe for unstoppable industrial growth.

Chips in Motion: Pilot Plants and Production

The Prime Minister shared real-time updates:

•        CG Power’s pilot plant began operations on August 28

•        Kaynes’ pilot plant is next

•        Micron and Tata’s test chips are already in production

•        Commercial chip production begins this year

Beyond One Fab, Beyond One Chip

PM Modi emphasised that India’s semiconductor mission isn’t about a single factory—it’s about building a comprehensive ecosystem:

•        Designing advanced chips

•        Manufacturing at scale

•        Packaging and testing domestically

•        Powering high-tech devices across sectors

Chips for the Future: Immersive Tech and Critical Minerals

Design centers in Noida and Bengaluru are crafting chips with billions of transistors, ready to fuel AI, AR/VR, and immersive technologies. But chips need minerals—and India is already laying the groundwork through the National Critical Mineral Mission, ensuring domestic access to rare earths that power digital infrastructure.

Startups, MSMEs, and India’s Youth Army

India contributes 20% of global chip design talent, and PM Modi called on startups and MSMEs to lead the charge.He announced a revamp of the Design Linked Incentive Scheme, reaffirmed support through the Chips-to-Startup Programme, and introduced the National Research Fund to boost Indian IP through strategic tie-ups.

States in the Race: A Call for Competitive Collaboration

With several states rolling out special semiconductor policies, PM Modi urged them to compete constructively—to build ecosystems, attract investment, and become regional hubs of innovation.

India’s semiconductor story is no longer a dream—it’s a movement, a mission, and a moment of reckoning.

Reform. Perform. Transform. PM Modi Declares India’s Semiconductor Leap Is Ready for Scale

“Design is ready. Mask is aligned. Now begins precision execution.”

The stage was set, the stakes were high, and the message was unmistakable: India is no longer warming up—it’s ready to lead. At the opening of Semicon India – 2025, Prime Minister Narendra Modi delivered a rousing address that fused technical precision with national pride, declaring that India’s semiconductor journey has entered its next phase of transformation.

From Blueprint to Breakthrough

With the India Semiconductor Mission gaining momentum, PM Modi assured investors that the groundwork is complete and the execution phase is here:

He emphasised that India’s policies are not fleeting signals, but long-term commitments, built to support sustained growth and innovation. Every investor, he said, will find a responsive, reliable partner in India.

Designed in India. Made in India. Trusted by the World.

In a line that captured the spirit of the moment, PM Modi declared:The day is not far when the world will say: Designed in India, Made in India, Trusted by the World.”

He concluded with a poetic flourish:“May every bit of our effort be successful, every byte filled with innovation, and the journey remain error-free and high-performance.”

A Power-Packed Audience

Union Ministers Ashwini Vaishnaw and Jitin Prasada, along with Delhi CM Rekha Gupta and Odisha CM Mohan Charan Majhi, joined other dignitaries in witnessing this landmark moment in India’s tech evolution.

Semicon India – 2025: A Three-Day Tech Odyssey

Held from 2nd to 4th September, Semicon India – 2025 is more than a conference—it’s a strategic summit aimed at building a robust, resilient, and sustainable semiconductor ecosystem. Key highlights include:

•        Fab and advanced packaging projects

•        Smart manufacturing and infrastructure readiness

•        AI and R&D innovations

•        Investment opportunities and state-level policy showcases

•        Design Linked Incentive (DLI) scheme updates

•        Startup ecosystem growth and international cooperation

With 20,750+ attendees, 2,500+ delegates from 48 countries, 150+ speakers, and 350+ exhibitors, the event is a global convergence of minds, machines, and momentum. Dedicated pavilions for Workforce Development, Start-Ups, and Country Round Tables are driving focused conversations on the future of chips, talent, and tech diplomacy.

India’s semiconductor story is no longer a vision—it’s a mission in motion, backed by policy, powered by innovation, and propelled by purpose.

The Business Factors News Desk

New Delhi, September 8, 2025 — The grand halls of New Delhi shimmered with pride and promise today as President Droupadi Murmu stepped into the spotlight to mark the Platinum Jubilee of EEPC India—a celebration not just of longevity, but of legacy, leadership, and a bold leap into the future.

Seventy-five years. That’s how long the Engineering Export Promotion Council (EEPC) has been powering India’s industrial ambitions, bridging continents, and championing the spirit of Indian enterprise. And today, the President’s message was crystal clear:

From $70 Billion to $115 Billion: A Decade of Defying Odds

In a world riddled with trade tensions and shifting global orders, India’s engineering exports have surged—from $70 billion to over $115 billion in just ten years. President Murmu hailed this as a remarkable feat, especially given the headwinds of international uncertainty. 

EEPC: The Bridge Between Bharat and the World

More than a trade body, EEPC is now a strategic conduit—connecting Indian producers to global markets, and Indian ideas to global value chains. With the World Trade Order evolving, the President urged EEPC to scale up its ambition, expand its reach, and empower Indian entrepreneurs to lead the charge.She emphasised that India’s engineering export map has transformed dramatically over the decades, and this momentum must continue—with the mantra of ‘Nation First’ guiding every move.

Innovation Is the New Currency

President Murmu didn’t mince words when it came to India’s next big leap: She spotlighted India’s high-quality, low-cost engineering prowess, and the presence of Global Capability Centres of top multinational firms as proof of India’s rising stature. But she also laid down a challenge—to create an ecosystem that nurtures talent, rewards creativity, and fuels invention.

In a world where innovation economies dominate, India must shift from being a catch-up player to a trendsetter, she said. And EEPC, with its vast network and influence, must lead this transformation.

The Road Ahead: From Exporter to Innovator

The Platinum Jubilee wasn’t just a celebration—it was a call to action. With global trade at a crossroads and technology reshaping industries, India’s engineering sector must evolve from exporter to innovator, from supplier to solution-maker.

President Murmu’s message to EEPC stakeholders was both inspiring and urgent:

The Business Factors News Desk

New Delhi, September 4, 2025 — Beneath the regal domes of Rashtrapati Bhavan, a moment of quiet power unfolded today as Prime Minister of Singapore, H.E. Mr. Lawrence Wong, called on President of India, Smt. Droupadi Murmu—a meeting that wasn’t just ceremonial, but symbolic of a partnership that’s matured, deepened, and now poised to leap into the future. 

Sixty years of diplomatic relations—a milestone few nations celebrate with such vibrancy. And this year, India and Singapore are doing just that, not with nostalgia, but with vision and velocity.

A Partnership Reimagined

Welcoming Prime Minister Wong with warmth and gravitas, President Murmu hailed Singapore as a cornerstone of India’s Act East Policy and a strategic ally in the Indo-Pacific narrative. She recalled the flurry of high-level engagements this year—from President Tharman’s visit in January to the India-Singapore Ministerial Roundtable, where six senior ministers, including Foreign Minister Vivian Balakrishnan, joined hands to shape the next chapter of cooperation.And today, that chapter got its headline:

From Green Energy to Outer Space

The new agreements signed today aren’t just ink on paper—they’re blueprints for transformation. From green economy initiatives to space collaboration, civil aviation upgrades to fintech innovation, and skill development programs that empower youth across borders—India and Singapore are aligning their strengths in sectors that define the future.
President Murmu emphasised that this isn’t just about trade—it’s about shared purpose.

Defence, Diaspora, and Deeper Bonds

The conversation also touched on defence cooperation, with joint exercises and training programs reinforcing mutual trust. And then there’s the Indian diaspora in Singapore—a vibrant bridge of culture, commerce, and community. President Murmu praised their role in nurturing people-to-people ties that go beyond policy and politics.

Dialogue at the Top: A Diplomatic Signature

Both leaders agreed: frequent, high-level exchanges are the lifeblood of this relationship. With today’s meeting, they reaffirmed their commitment to keeping the dialogue dynamic, the cooperation comprehensive, and the friendship future-ready.

This wasn’t just a diplomatic courtesy—it was a strategic handshake across oceans, echoing with the promise of innovation, inclusion, and Indo-Pacific leadership.

The Business Factors News Desk

Chennai, Sept 2, 2025 — The stately halls of Chennai pulsed with pride and purpose today as City Union Bank marked its 120th foundation day—a milestone few institutions live to see. But this wasn’t just a ceremonial affair. It was a moment of reckoning, reflection, and roaring optimism, graced by none other than the President of India, Smt. Droupadi Murmu who delivered a stirring address that turned heads and stirred hearts.

“India’s economy is sprinting ahead, and our banks are the wind beneath its wings,” the President declared, setting the tone for an afternoon that celebrated not just longevity, but legacy.

Banking Beyond Boundaries

Gone are the days when banks were mere vaults of currency. Today, they’re engines of empowerment, catalysts of change, and gateways to dreams. President Murmu spotlighted how institutions like City Union Bank have evolved into multi-dimensional service hubs, offering everything from micro-loans to mobile apps, insurance to investment tools—all tailored to meet the rising aspirations of a billion-plus citizens.

Financial Inclusion: The Heartbeat of Progress

In a country where millions still reside in rural and semi-urban pockets, financial inclusion isn’t a buzzword—it’s a lifeline. The President lauded City Union Bank’s strides in bringing banking to the doorstep of the underserved, saying,

She emphasised that payment banks, digital wallets, and fintech innovations are rewriting the rules of engagement, making banking not only accessible but also intuitive. Yet, she didn’t shy away from the challenges—digital literacy, internet penetration, and financial awareness remain hurdles that demand collective resolve.

Farmers, MSMEs, and the Forgotten Workforce

With a firm voice and compassionate tone, President Murmu called on the banking sector to prioritise the rural economy, urging banks to extend timely credit, agri-tech support, and financial education to farmers. She envisioned a future where MSMEs become growth dynamos, and where daily wage earners and migrant labourers are seamlessly woven into the financial fabric of the nation.

Banking the Future: From Startups to Smart Cities

As India marches toward a digital-first, knowledge-driven economy, the President underscored the transformative role of banks in powering innovation. Whether it’s funding startups, fueling smart city infrastructure, or backing entrepreneurs, banks are no longer just financial institutions—they’re nation builders.

A Celebration of Vision and Values

City Union Bank’s 120th anniversary wasn’t just a tribute to its past—it was a clarion call for the future. With President Murmu’s powerful endorsement, the event became a rallying cry for inclusive growth, digital transformation, and economic justice.

As the applause echoed through the venue, one thing was clear: India’s banking story is far from over—and it’s being written in bold, visionary strokes.

The Business Factors News Desk

New Delhi, August 3 (2025): In a major step toward accelerating India’s digital transformation and industrial modernisation, Bharat Sanchar Nigam Limited (BSNL) and Numaligarh Refinery Limited (NRL) signed a landmark Memorandum of Understanding (MoU) during the ‘Industry 4.0 workshop for CPSEs’ organised under the aegis of the Ministry of Finance in Guwahati.

The workshop witnessed participation from several senior dignitaries, including the Secretary, Department of Public Enterprises (DPE), CMD NRL, Director (Enterprise Business) BSNL, MD NRL, MD AMTRON, and other senior officials from the Ministry of Finance and various CPSEs.

Discussions focused on empowering Central Public Sector Enterprises (CPSEs) to embrace transformative Industry 4.0 technologies—including 5G CNPN, Digital Twins, 3D Printing with AI, Virtual Formulation, AR/VR/MR, IoT, and Big Data Analytics—to foster innovation, efficiency, and Atmanirbhar Bharat.

Under this MoU, BSNL and NRL will collaborate to deploy India’s first 5G CNPN (Captive Non-Public Network) within the refinery sector, ushering in a new era of secure, ultra-reliable, and real-time industrial connectivity. This initiative is a pioneering step in leveraging indigenous 5G infrastructure for mission-critical operations.

The Secretary, DPE, praised the initiative as a shining example of the Government’s ‘Whole of Government’ (WoG) approach, underlining its potential to modernise India’s industrial base, promote advanced skilling, and generate employment opportunities, particularly in the North Eastern region.

CMD NRL stated that the integration of 5G CNPN will not only enhance operational efficiency and cybersecurity but also enable transformative technologies such as AR/VR-based training, Digital Twins, and real-time IoT applications. He called it a game-changing moment for India’s refinery sector.

BSNL CMD A Robert J Ravi, remarked, “This partnership exemplifies BSNL’s commitment to empowering India’s strategic sectors with next-generation digital infrastructure. The deployment of a dedicated 5G CNPN at NRL will mark a technological leap forward, not only in connectivity but in redefining how core industries can operate in the future. As a trusted public telecom provider, BSNL is proud to pioneer this journey toward a self-reliant, digitally intelligent Bharat.”

Director (Enterprise Business), BSNL added that this collaboration represents a historic milestone in the adoption of 5G and Industry 4.0 within India’s industrial ecosystem. He reaffirmed BSNL’s commitment to supporting Digital India by offering secure, robust, and future-ready communication infrastructure for CPSEs and enterprises.

This partnership between BSNL and NRL is expected to set the stage for replicable models across other industrial sectors, reinforcing the Government of India’s vision for a digitally empowered and self-reliant Bharat.

The Business Factors News Desk

Chennai, August 2, 2025: The Capacity Building Commission of the Government of India, in association with Pondicherry University, successfully organised a three-day Rashtriya Karma Yogi Jan Seva Programme - Master Trainers Training Workshop at Pondicherry University from July 31 to August 2, 2025.  

The aim of this Mission Karmayogi is to create a competent civil service rooted in the Indian ethos, with a shared understanding of India’s priorities, working in harmony for effective and efficient public service delivery.

Envisioned as one of the largest capacity-building initiatives in the government anywhere in the world, Mission Karmayogi will aim to transform approximately 1.5crore government officials across the centre, the states, and the local bodies. 
Faculty members and non-teaching staff from various central universities participated in the training sessions led by lead trainers from the Capacity Building Commission.  Once they get trained, they will be called master trainers, and in turn, they have to train the faculty and staff of their own universities.

The three-day workshop was inaugurated by Dr Jitendra Kumar Tripathi, Joint Secretary, University Grants Commission (UGC). In his inaugural address, Dr Tripathi highlighted the critical role of higher education institutions in driving national capacity-building missions.  

Prof P Prakash Babu, Vice-Chancellor of Pondicherry University, during his presidential address stressed the strategic relevance of structured capacity development in achieving responsive and reform-oriented governance. He reiterated the commitment of Pondicherry University and the Capacity Building Commission to cultivating a capable, accountable, and citizen-centric workforce.

Delivering the Special Address, Dr Diksha Rajput, Joint Secretary, Capacity Building Commission, UGC, elaborated on the objectives of the Master Training Programme, emphasising the long-term transformative potential of training master trainers across the nation, embedding Sewa Bhaav in governance.

Prof P G Arul, Director (i/c), UGC- Malaviya Mission Teacher Training Centre, Pondicherry University and also the coordinator of this event, welcomed the resource persons and participants by highlighting the unique positioning of Pondicherry in organising these types of workshops on the campus.

Dr K Srujana, Assistant Professor, UGC-MMTTC, conducted the event. Pondicherry University officials, including Prof D Lazar, Finance Officer, Dr M Vijaya Kumar, University Librarian, Prof P Natarajan, Dean, School of Management, Prof M Shuaib Mohamed Haneef, Director, Electronic Media and Mass Communication Research Centre, were present among others. 
This workshop marks a significant step towards institutionalising professional development and strengthening the public service delivery framework in India. On successful completion of various training sessions and imparting required skills, the programme concluded on August 2, 2025.

The Business Factors News Desk

New Delhi, May 23, 2025: The Civil Aviation Ministry organised a curtain raiser event for Wings India 2026, Asia’s largest civil aviation event, at Hotel Taj Palace, New Delhi, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI).

Civil Aviation Minister Kinjarapu Ram Mohan Naidu, Civil Aviation Minister of State Murlidhar Mohol, Civil Aviation Secretary Samir Kumar Sinha, Airport Authority of India Chairman Vipin Kumar, DG BCAS Rajesh Nirwan, FICCI Civil Aviation Committee Chairman Remi Maillard and FICCI Director General Jyoti Vij graced the occasion.

The event also witnessed the launch of the Wings India 2026 Brochure, the release of the promotional video and the official unveiling of the Wings India 2026 Mobile App, aimed at facilitating participation and engagement from stakeholders across the globe.

In his keynote address, Civil Aviation Minister Kinjarapu Ram Mohan Naidu highlighted India’s remarkable aviation growth journey, stating that the country has become the third-largest domestic aviation market and is poised to soon become the third-largest overall air passenger market. He emphasised that the Government is working with a clear roadmap to achieve the vision of Viksit Bharat @2047, focusing on modernisation, adoption of future technologies and last-mile connectivity.
Naidu also declared the theme of Wings India 2026 – “Indian Aviation: Paving the Future - from Design to Deployment, Manufacturing to Maintenance and Inclusivity to Innovation and Safety to Sustainability”.

The Minister reaffirmed India’s commitment to global aviation with skies full of opportunities, fair policies and sincere partnerships. Hon’ble Minister added, “I am confident that Wings 2026 will build on its legacy, drawing even greater participation from industry partners and aviation enthusiasts from India and across the globe. I perceive Wings India 2026 as more than an event—it is a vision statement, a bold declaration of India’s ambition to not merely participate in global aviation but to lead it”.

Civil Aviation Minister of State Murlidhar Mohol highlighted India’s aviation growth story, which is powered not just by national policy but by the active involvement of states across the country. From enabling new airports to supporting regional airlines, states have played a key role in strengthening connectivity and unlocking local economic potential.
Under the UDAN scheme, Tier 2 and Tier 3 cities are now part of the national aviation grid, boosting tourism, trade, and employment. To further enhance regional coordination, the ministry is organising a series of Regional Ministerial Conferences—platforms for states to share ideas, address local challenges, and align on common goals. Together, we are building a more inclusive and connected aviation ecosystem for all.

Civil Aviation Secretary Samir Kumar Sinha, in his special address, underscored the ministry’s focus on sustainability and innovation to shape the future of Indian aviation. He highlighted that India is well-positioned to emerge as a global leader in Sustainable Aviation Fuel (SAF), supporting international climate goals. He also noted that Wings India 2026 will act as a catalyst for Advanced Air Mobility (AAM), including drones and eVTOLs, ushering in a new era of urban and regional connectivity.

Airports Authority of India Chairman Vipin Kumar delivered the welcome address and highlighted the critical role played by AAI in expanding airport infrastructure and enhancing air navigation services across the country.

FICCI Civil Aviation Committee Chairman Remi Maillard, who is also the President & MD, Airbus India and South Asia, shared the industry’s perspective and noted that India is at the cusp of becoming the world’s leading aviation market. He emphasised the need for innovation, sustainability, and capacity-building to fuel the sector’s future.

Senior officials from MoCA, AAI, and FICCI, representatives from the diplomatic community, leaders from the global aviation industry, and members of the media were present.

Scheduled to be held from 28th to 31st January 2026 at Begumpet Airport, Hyderabad, Wings India 2026 will bring together key stakeholders, including airlines, manufacturers, state governments, investors, airport developers, cargo and logistics players, MROs, skill development agencies, and financial institutions from across the globe.

Source: A PIB report by Beena Yadav & Divyanshu Kumar

The Business Factors News Desk 

New Delhi, May 23, 2025: In a compelling call to action, Union Ports, Shipping and Waterways Minister Sarbananda Sonowal, today invited global and domestic investors to explore the unprecedented growth potential of Northeast India.

Speaking at the Riding Northeast Investor Summit at Bharat Mandapam in New Delhi, Sonowal emphasised that a “New Bharat is dawning with a resurgent Northeast at its heart.”

Addressing the summit’s thematic discussion topic “Unlocking Capital for NE Infrastructure,” he highlighted the transformation of the Northeast Region (NER) over the last decade, attributing this resurgence to the sustained leadership of Prime Minister Narendra Modi.

“Under the visionary leadership of Modiji, the Northeast has undergone an era-defining transformation. What was once perceived as remote and isolated is now rapidly becoming India’s gateway to Southeast Asia,” Sonowal said. “The region is not just a part of India’s growth story—it is now a major chapter in it.”

Sonowal pointed to a landmark figure that more than 700 visits by Cabinet Ministers to the Northeast in the past decade, as proof of the government’s sustained focus on the region’s development. He stressed the government’s commitment to inclusive infrastructure, particularly in maritime and inland waterways, which are reshaping the economic landscape of the region.

“Inland waterways are one of the most promising frontiers of development for the Northeast,” Sonowal said. “We now have more than 20 notified National Waterways in the region.

The Jalvahak scheme is being promoted to catalyse multi-modal connectivity, create logistics hubs, and boost cargo movement. Infra development along these waterways will unlock new corridors of economic activity and generate large-scale employment.”

Highlighting India’s logistics advantage, the Union Minister noted that 90% of the country’s trade by volume and 70% by value moves through shipping. With Inland Waterways under the IBPR (Indo-Bangladesh Protocol Route) and Sittwe Port in Myanmar will act as an emerging game changer in unfolding transformative transportation, unlocking value.

In a nod to the region’s rich talent pool, Sonowal detailed new initiatives in maritime skill development targeting youth from the Northeast, preparing them for careers in port operations, vessel management, and logistics. He also emphasised the immense potential for “Heal in India” medical tourism in the NER, leveraging the region’s natural serenity, wellness traditions, and rising healthcare infrastructure.

“The market potential of the Northeast is not limited to domestic consumption,” Sonowal said. “It connects directly with ASEAN and BBIN nations, offering investors unparalleled access to over 600 million consumers in neighbouring economies.”
The summit witnessed participation from major domestic and international investors, development agencies, and policy leaders. Sonowal’s address served as a clarion call to align investments with the government’s infrastructure thrust, particularly in sectors such as waterways, logistics, tourism, wellness and healthcare.

With its newfound connectivity, abundant natural resources, and youthful demographic, Northeast India is now poised to become a key driver of India’s growth story, ushering in a truly inclusive and integrated New Bharat.

The Business Factors News Desk

New Delhi, May 24, 2025: Prime Minister Narendra Modi chaired the 10th Governing Council Meeting of NITI Aayog at Bharat Mandapam, New Delhi, earlier today. It was attended by Chief Ministers and Lt. Governors representing 24 states and seven UTs. This year’s theme was Viksit Rajya for Viksit Bharat@2047. The meeting commenced with a minute of silence in remembrance of the victims of the Pahalgam terrorist attack.

Prime Minister said that it is the aspiration of every Indian for the country to be a Viksit Bharat. It is not the agenda of any party but the aspiration of 140 crore Indians. He observed that if all states work together towards this goal, then we will make stupendous progress. He also said that we should commit to developing every state, every city, and every village, and then Viksit Bharat will be achieved much before 2047.

The PM said that India has emerged among the top five economies of the world, and 25 crore people have escaped poverty. He emphasised that India needs to increase the speed of this transformation. He encouraged states to leverage their manufacturing strengths. He said that the Government of India has announced the Manufacturing Mission.

The PM observed that global investors are hugely interested in India. He encouraged the states to utilise this opportunity and make it easy for investments. Citing recent trade agreements with the UAE, the UK and Australia, he said states should utilise it to the optimum.

Emphasising skilling, the Prime Minister said that NEP gives emphasis on education and skill development. He said states must plan for various skills which are attuned to modern technologies like AI, semiconductors, and 3D printing.

He said that we can become the skill capital of the world because of our demographic dividend. The Prime Minister said that a Rs 60,000 crore scheme for skilling has been approved by GoI. States must focus on modern training infrastructure and rural training hubs to enhance skilling.

The PM cited cybersecurity as both a challenge and an opportunity. Hydrogen and green energy were emphasised by him as arenas of immense potential and opportunities.

The PM said that the G20 Summit helped India to be recognised as a global tourist destination, but states should leverage the opportunity. He urged the states to develop at least one tourist destination to global standards and expectations. He said that 25-30 such tourist destinations can be created across India.

The PM observed that India is urbanising rapidly. He asked the states to make cities the engine of sustainability and growth and urged them to focus on Tier 2 and Tier 3 cities. He noted that a Rs 1 lakh crore Urban Challenge Fund is being created for seed money.

The PM emphasised the huge strength of India’s Nari Shakti. He urged to change in the laws for women so that they can join the growth trajectory. He observed that there should be reforms in the public and private sectors for working women with a focus on their ease of working.

He also encouraged states to interlink rivers within states to battle water scarcity as well as floods. He appreciated Bihar, which has recently started the Kosi-Mochi connection grid. He also appreciated the Aspirational Districts Programme, which has been a success through collective efforts.

The Prime Minister said that in agriculture, we must focus on the lab to land. He talked about the Viksit Krishi Sankalp Abhiyan, in which about 2,500 scientists will go to villages and Rural Centres in the coming days, where they will deliberate on topics such as crop diversification and chemical-free farming. He asked all CMs to support this endeavour.

He emphasised the need to focus on health services delivery. He said that we must check for oxygen plants and preparations to be ready for any COVID-related challenges. He said that the states need to expand telemedicine so that good doctors can be connected from district hospitals, and E-Sanjeevani & tele-consultation benefits should be made available.

The Prime Minister mentioned that 'Operation Sindoor’ should not be treated as a one-off initiative, and we must adopt a long-term approach. He mentioned that we must modernise our approach to civil preparedness. He said that the recent mock drills have reignited our attention to civil defence and that states should institutionalise Civil Defence.

The CMs and LGs praised Operation Sindoor for its precision and targeted strikes, which led to the destruction of terror infrastructure. In one voice, they praised the PM’s leadership and the valour of the Armed Forces. They also praised the efforts towards Aatmanirbharta in the defence sector, which have strengthened the defence forces and bolstered confidence in our capabilities.

Chief Minister/Lt. Governors gave various suggestions for the vision of Viksit Rajya for Viksit Bharat @ 2047 and also discussed steps being taken in their States. Some of the key suggestions and best practices highlighted were in the fields of agriculture, education and skill development, entrepreneurship, drinking water, reducing compliances, governance, digitalisation, women empowerment, cyber security, etc. Several states also shared their endeavours to create a State Vision for 2047.

Prime Minister asked NITI Aayog to study the suggestions of states and UTs made during the meeting. He said the 10th Governing Council Meeting of NITI Aayog is a milestone in its 10 years of journey, which defines and outlines the vision for 2047. He observed that the Governing Council Meetings have helped in nation-building, and it has emerged as a platform for joint action and shared aspirations. He expressed his gratitude to all the CMs and LGs for participating in the meeting and sharing their views and experiences, and expressed confidence that India is progressing on the path to fulfil the vision of Viksit Rajya for Viksit Bharat @2047 through the power of cooperative federalism.

The Business Factors News Desk

New Delhi, May 23, 2025: The central government is working on a new toll policy that is likely to bring a one-time payment system for all travel across National Highways for a year. The purpose of the move is to ensure a hassle-free movement for vehicles without the need to recharge them every time while making travelling smooth across Indian highways, the Pune Pulse reported.

According to the proposed toll policy, the owners of the vehicles will have two options for payment of their tolls: Annual Pass, Distance-Based Pricing.

In the Annual Pass method, a vehicle owner will have to recharge their FASTag with a one-time annual fee of Rs 3,000. With a one-time recharge, the vehicles will be able to travel unlimited kilometres for a year across national highways, state expressways, and expressways.

The owners will not require any additional documents, and the existing FASTag account will serve the purpose.

The government has also dropped a lifetime FASTag idea that earlier provisioned Rs 30,000 for 15 years.

Those who don't find it worth investing annually would have an option to choose a flat rate of Rs 50 per 100 km, replacing the current toll plaza system.

Barrier-free toll collection

One of the important aspects of the proposed toll policy is the elimination of toll plazas on the highways and expressways. The toll policy mulls implementing sensor-based toll collection.

How will contractors be compensated?

The one-time payment for unlimited travel is likely to affect the contractors of the existing projects, and hence, the Ministry of Road Transport and Highways (MoRTH) will compensate them based on the digital record and a government-approved formula.

The new toll policy will also give additional powers to the banks to address toll evasion. They may invoke provisions like minimum balance and others.

Source: Shubham Bajpai report in www.jagran.com

The Business Factors News Desk

Mumbai, May 06, 2025: India’s aviation landscape is set for a transformation with new airports like Jewar, Navi Mumbai, and Bhogapuram enhancing regional connectivity, boosting tourism, and easing air traffic. These upcoming infrastructure projects will drive economic development, create jobs, and fuel real estate growth across the country by 2025 and beyond, a report by Godrej Properties said.

List of Upcoming Airports in India 2025

Jewar Airport, Noida

Navi Mumbai International Airport, Maharashtra

Purandar Airport, Pune

Bhogapuram International Airport, Andhra Pradesh

Dhalbhumgarh Airport, Jamshedpur

Parandur Greenfield Airport, Chennai

Kalyani Airport, Kolkata

How will the new airports in India impact regional development?

When will the Navi Mumbai International Airport be operational?

India is on the cusp of a major aviation transformation with numerous airport projects aimed at improving connectivity and boosting regional development. The introduction of new airports in India underpins the government’s efforts to support air travel demand, promote trade, and stimulate tourism. These projects will also lead to job creation and infrastructure growth in surrounding areas. Let’s explore some of the significant upcoming airports in India that are set to redefine the nation’s travel dynamics.

Jewar Airport, Noida

Jewar Airport in Uttar Pradesh is envisioned to become India’s largest airport. The first phase, costing ₹29,650 crores, is set to be operational soon. With six runways planned, this airport will ease the passenger load on Delhi's Indira Gandhi International Airport, ensuring smoother operations for both domestic and international flights.

Navi Mumbai International Airport, Maharashtra

Located in Panvel, this massive project aims to handle 90 million passengers annually. Scheduled for completion in 2025, the airport will decongest Mumbai’s Chhatrapati Shivaji Maharaj International Airport. Its strategic location will significantly enhance connectivity across the Mumbai Metropolitan Region.

Purandar Airport, Pune

Officially known as Chhatrapati Sambhaji Raje International Airport, Purandar Airport will address capacity issues at Pune’s existing Lohegaon Airport. Located 40 km from Pune, this new airport in India will function as a passenger and cargo hub. The ₹6,000-crore project is expected to be operational by 2027-28.

Bhogapuram International Airport, Andhra Pradesh

This Greenfield airport near Visakhapatnam will cater to both domestic and international travellers. Apart from passenger services, it will boost cargo operations, stimulating economic growth in North Andhra Pradesh.
Dhalbhumgarh Airport, Jamshedpur

A revival project of a World War II airfield, Dhalbhumgarh Airport will serve Jharkhand's industrial city, Jamshedpur. With a projected cost of ₹300 crores, this domestic airport is expected to spur regional connectivity and development.

Parandur Greenfield Airport, Chennai

To complement Chennai’s existing airport, the Parandur Greenfield Airport will begin its first phase in 2028. Featuring a single runway initially, the airport will later expand to accommodate increased traffic and cargo demands.

Kalyani Airport, Kolkata

Located 45 km from Kolkata, this airport will alleviate the load on the Netaji Subhash Chandra Bose International Airport. With a capacity to handle 8.5 million passengers annually, this project is expected to be operational by 2030.

The final word

The introduction of new airports in India will not only address growing air travel demands but also pave the way for economic growth. These upcoming airports in India will boost regional connectivity, attract investments, and enhance real estate development in surrounding areas. They mark a significant step toward a more connected and prosperous India.