Asian Infrastructure Investment Bank (AIIB) is expected to provide $800 million for the 4th corridor of phase-II of Chennai Metro. Officials are urging the introduction of a ‘Make in India’ clause after Shanghai Tunnel Engineering Co (STEC) emerged as the lowest bidder.

Asian Infrastructure Investment Bank (AIIB) is expected to provide $800 million for the 4th corridor of phase-II of Chennai Metro. Officials are urging the introduction of a ‘Make in India’ clause after Shanghai Tunnel Engineering Co (STEC) emerged as the lowest bidder.

According to the World Bank, India is the world’s third largest economy in purchasing parity terms. The country aspires to better the lives of more than 1.3 billion citizens and become a high-middle income country by the year 2030.

As the domestic steel manufacturers like Steel Authority of India (SAIL) and Jindal Steel & Power (JSPL) are unlikely to meet the growing demand for rails, the Centre is considering plans to float a global tender for manufacturing of rails as part of the 'Make in India' project.

The pre-engineered buildings (PEB) have gained increased acceptability across many sectors where the conventional construction technology was used.

India is the second largest cement producer in the world, and accounts for over 8% of the global installed capacity.

India has become the second largest producer of crude steel during 2018, improving upon its third largest global ranking in the year 2017.

The Indian transportation and logistics industry is emerging rapidly to an efficient level along its growth trajectory. Rising investments, rapidly evolving regulatory policies, mega infrastructure projects, and several other developments in recent times have driven the Indian logistics market to a global extent.

The automobile sector of India is one of the largest in the world and accounts for over 7.1 % of India’s GDP and contributes nearly 22 % of India’s manufacturing GDP.