The global soil compaction machines market is experiencing substantial growth, driven by infrastructure development, urbanization, and technological advancements. This market is poised to reach US$ 10.6 billion by 2033, with Asia Pacific emerging as a major contributor. The report explores key market drivers, leading players, and future trends.
Results for: Infrastructure Development
India’s Northeast region is witnessing a surge in MICE tourism, fueled by government-backed infrastructure projects and a growing corporate interest in the region’s untapped natural beauty. This trend is part of a broader push to boost India’s position in the global MICE market, which is currently dominated by traditional hotspots.
Bihar is set to experience a transformative leap in its transportation infrastructure with the launch of the bullet train project, part of the Varanasi-Howrah High-Speed Rail Corridor. This project will link key districts in Bihar with major cities, offering faster and more efficient travel options that will revolutionize connectivity across the state. The bullet train is expected to boost economic opportunities, tourism, and overall regional development in Bihar.
Maharaja Gaj Singh of Jodhpur, President of the Indian Heritage Hotels Association (IHHA), highlights the crucial role of heritage hotels in preserving India’s rich cultural heritage. He emphasizes the need for government collaboration to address challenges like infrastructure deficiencies and skilled manpower shortage, ensuring the continued success of this vital sector in promoting tourism and economic growth.
A new training program under the Belt & Road Initiative has been launched, aiming to equip professionals from participating countries with the skills needed to manage and operate the extensive railway projects associated with the initiative. This comprehensive program, developed in collaboration with leading railway companies, academic institutions, and governments, focuses on practical training, international cooperation, and sustainable railway development, ensuring the long-term success of the BRI’s ambitious goals.
The Pradhan Mantri Uchchatar Shiksha Abhiyan (PM-USHA) program, aimed at improving the quality of higher education in Odisha, was launched on Saturday. The program, funded by the central government with a Rs 500 crore allocation, will provide support for infrastructure development and other activities at various higher education institutions across the state.
Goa’s tourism sector is experiencing growth while simultaneously emphasizing sustainability and cultural preservation. The government is implementing eco-conscious initiatives, promoting regenerative tourism, and improving infrastructure to enhance the visitor experience while protecting Goa’s unique identity.
The South Central Railway (SCR) has announced the cancellation of 78 trains and rerouting of 36 others due to ongoing third-line construction between Kazipet and Balharshah sections. The cancellations and diversions, which will remain in effect until July 7, are attributed to preparatory and commissioning works for the third line between Asifabad and Rechni stations in the Secunderabad division.
The UAE has achieved global recognition for its exceptional infrastructure, ranking highly in the Travel and Tourism Development Index 2024. This remarkable achievement reflects the country’s strategic vision and leadership, which prioritize innovation and excellence. The UAE’s top-notch road quality, efficient port services, and user-friendly public transport system greatly enhance the experiences of tourists and travelers. These advancements also instill confidence among investors, attracting foreign investment and stimulating tourism sector development.
Shares of Rail Vikas Nigam Limited (RVNL) witnessed a significant surge of 15% on May 21st, 2024, driven by a major contract win worth ₹148 crore from South Eastern Railway. The company’s shares hit a new all-time high of ₹345.90 on the National Stock Exchange (NSE), marking a remarkable ascent of nearly 200% over the past year. This surge reflects RVNL’s strong financial performance and the positive outlook for its infrastructure development projects.