Latest news with #NationalInfrastructurePipeline
New Indian Express
14 hours ago
- Business
- New Indian Express
Infra lending norms should raise spending closer to the government target
Banks were worried when the RBI first released the draft guidelines in May 2024, advocating the provisioning of 5 percent during the project's construction phase, 2.5 percent during the operational phase, and further down to 1 percent once the project starts generating sufficient cash flows. The Indian Banking Association is reported to have appealed against the proposed norms, suggesting instead an initial provisioning of 1-2 percent, a modest increase over the existing 0.4 percent. Heeding to their concerns, the RBI offered a relief keeping the provisioning requirement to 1 percent, which should aid in meaningfully improving the lending and borrowing appetite. Following the pile-up of bad loans that resulted in a twin balance sheet problem, India's infrastructure sector has been grappling with massive delays and cost overruns. According to official data, about 800 out of the Union government's 1,800 ongoing projects valued at over ₹150 crore each were behind schedule in April 2024. Notwithstanding the efforts, infrastructure expenditure remains far below the required rate of ₹20 lakh crore a year under the National Infrastructure Pipeline. To succeed as the world's third largest economy, we need collective efforts between the government, private sector and financial institutions to carefully execute infrastructure projects, which are often complex and have long gestation periods. Infrastructure is one of the key pillars of economic growth and essential for mass job creation, besides boosting the manufacturing sector. The government should also undertake reforms to prevent project delays and facilitate access to credit.
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Business Standard
3 days ago
- Business
- Business Standard
India's cement production sees yearly gain, but monthly drop in April 2025
Cement production in India increased 6.66 per cent year-on-year to 39.88 million metric tonnes (MMT) in April 2025, up from 37.39 MMT in April 2024, according to data compiled from eight core infrastructure sectors by Thurro Research. These eight core industries—coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity—serve as barometers of industrial activity and contribute 40 per cent to the Index of Industrial Production (IIP). Sharp monthly decline from March highs Despite the year-on-year growth, April output dropped sharply from March 2025, when cement production hit a record high of 47.87 MMT—the highest in the 13-month review period. The April figure marked a 16.7 per cent fall, attributed to the typical slowdown in construction activity following year-end fiscal completions in March. The data originates from Enterprise Application Integration's eight core industries report dated 21 May 2025, a critical indicator of India's economic activity. Seasonal trends and government push drive volatility Monthly production figures reveal cyclical volatility, particularly a slowdown during the July–November monsoon and post-monsoon period. Output remained around or below 36 MMT during these months, with July marking the lowest production at 33.95 MMT—likely impacted by widespread monsoon disruptions to construction. A recovery began in December 2024, with production jumping to 41.16 MMT—up 19.6 per cent from November's 34.41 MMT. The uptrend continued in January (42.72 MMT) and February (41.84 MMT), culminating in March's peak of 47.87 MMT. Analysts attribute this surge to fiscal-end disbursals and acceleration in infrastructure execution by central and state governments, particularly in roads, railways, and housing. Industry sources credit the demand spike to progress under the National Infrastructure Pipeline (NIP), housing initiatives under the Pradhan Mantri Awas Yojana (PMAY), and growing private sector real estate activity in urban areas. April resilience amid seasonal slowdown Though April 2025 output declined from March, the 39.88 MMT figure outperformed all months between April and November 2024, except June. Analysts suggest that residual Q4 demand and pre-monsoon construction timelines kept consumption elevated. Sector experts also point to the Union Budget 2025–26's continued capital expenditure focus as a supportive factor for April's healthy print. Monsoon outlook and second-half recovery
Scoop
20-05-2025
- Business
- Scoop
Infrastructure Pipeline Continues To Grow
Press Release – New Zealand Government The March 2025 Pipeline update also shows that the overall value of initiatives in the Pipeline with a confirmed funding source has increased, up $3.7 billion to $111.6 billion, says Mr Bishop. Minister for Infrastructure The latest quarterly update from the New Zealand Infrastructure Commission shows that the value of infrastructure initiatives in the National Infrastructure Pipeline now totals $206.9 billion in the March 2025 quarter, an increase of nearly $3 billion since December, Infrastructure Minister Chris Bishop says. The Pipeline is managed by the New Zealand Infrastructure Commission and provides a national view of current and future infrastructure projects and programmes, from roads, to water infrastructure, to schools, and more. 'The March 2025 Pipeline update also shows that the overall value of initiatives in the Pipeline with a confirmed funding source has increased, up $3.7 billion to $111.6 billion,' says Mr Bishop. 'A strong pipeline of infrastructure projects means a growing economy with more jobs and more opportunities for Kiwis. 'The Commission's projections indicate at least $16.6 billion of total spend across all infrastructure sectors in 2025, which equates to nearly 4 per cent of our GDP – up from December's projected 3.6 per cent of GDP spend across 2025. 'Three quarters of projected spend from initiatives with a confirmed funding source occur within five and a half years, providing important planning certainty for the sector. 'The Commission continues to work with infrastructure providers to improve the transparency and quality of information that is available. A more complete Pipeline improves the effectiveness and value that we can gain from this tool. 'It's encouraging that the number of infrastructure providers who contribute to the Pipeline has grown with every quarter under this Government. There are now 114 organisations contributing, including central government, local government, and the private sector. This includes 64 councils, but leaves 14 councils that are yet to contribute, which I urge them to do as soon as possible. 'The Pipeline now includes information on more than 8,100 infrastructure projects that are underway or being planned. This stronger and more transparent pipeline will help New Zealand's infrastructure construction sector plan ahead for major upcoming projects, ensuring they can hire and retain key staff in the right locations. 'The estimated value of projects in the Pipeline shifts over time as infrastructure providers finish projects, update their plans, improve the detail and accuracy of their submissions, and as more organisations share their project data. 'The March Pipeline update was the last opportunity for contributors to have their investment activity and intentions inform the draft National Infrastructure Plan, which is expected to be published in June ahead of public consultation. 'The June and September quarters will inform the final version of the Plan, which will be published in December. 'I encourage the remaining councils and any infrastructure provider who is not yet contributing to reach out to the Commission.'
Time of India
06-05-2025
- Business
- Time of India
Update: PIB denies reports of India urging Asian Development Bank to cut Pakistan funding
NEW DELHI: The Press Information Bureau issued a clarification on Tuesday dismissing the reports that India demanded the Asian Development Bank to reduce funding for Pakistan after the recent terror attack in Pahalgam. Tired of too many ads? go ad free now News agency ANI on Monday had reported, quoting sources that during the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, finance minister urged ADB President Masato Kanda to reduce financial assistance to Pakistan. India has significantly reduced diplomatic ties with Pakistan following the April 22 terror attack in Pahalgam, Jammu and Kashmir, which killed 26 people and injured several others, mostly tourists. At the upcoming International Monetary Fund (IMF) board meeting on May 9, India reportedly plans to voice concerns regarding Pakistan's bailout arrangement, according to the IMF website. India intends to approach FATF ( Financial Action Task Force ), the global watchdog for money laundering and terrorist financing, requesting Pakistan's inclusion in the grey list as part of its strategy to limit Pakistan's funding sources, according to ANI. A recent Moody's report indicated that continued India-Pakistan tensions could hamper Pakistan's ability to secure external financing and affect its foreign-exchange reserves. The report highlighted that Pakistan's current foreign exchange reserves are insufficient to cover its external debt payment requirements for the coming years. While, the same assessment offered an optimistic outlook for India, noting its stable macroeconomic conditions, supported by sustained growth levels, robust public investment, and strong private consumption patterns. Tired of too many ads? go ad free now India has also suspended the 1960 , an action that will gradually diminish Pakistan's water resources. Also on Monday, sharing a post on X, the Finance Ministry said during the meet, "Sitharaman reiterated that India focuses on private sector-led economic growth and has been consistently creating a conducive policy and regulatory ecosystem through bold initiatives such as the Insolvency and Bankruptcy Code, Corporate Tax Rate Reduction and GST implementation, Production-Linked Incentives, National Infrastructure Pipeline, GatiShakti National Master Plan, and StartupIndia, among others, for greater Ease of Doing Business." "The finance minister emphasised that India offers opportunities for ADB to pilot new, innovative financing products and models," the post added. The ADB President expressed "full support to India's development priorities, guided by Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047." Sitharaman is heading the Indian delegation of officials from the Department of Economic Affairs, Ministry of Finance, at the 58th Annual Meeting of ADB's Board of Governors, occurring from May 4 to 7 in Milan.
Yahoo
30-01-2025
- Automotive
- Yahoo
Bituminous Paints Market Size is Projected to Reach USD 2.48 billion by 2033, Growing at a CAGR of 7.8%
The global bituminous paints market size was valued at USD 1.25 billion in 2024 and is projected to grow from USD 1.34 billion in 2025 to reach USD 2.48 billion by 2033, exhibiting a CAGR of 7.8% during the forecast period (2025-2033). New York, United States, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Bituminous paints are asphalt or coal tar coatings, offering superior waterproofing and corrosion resistance. These paints are widely utilized in the construction, automotive, and marine sectors owing to their durability and resilience to weather conditions. Their multifaceted applications encompass the protection of metal structures, roofing, and pipelines, rendering them essential to global infrastructure and industrial initiatives. The bituminous paint industry is witnessing substantial growth due to heightened infrastructure construction in emerging nations and rigorous laws advocating corrosion-resistant materials. PPG Industries has recently introduced high-performance protective coatings that comply with stringent building standards, facilitating the increased utilization of bituminous paints. Moreover, chances are arising in green construction initiatives as bituminous paints develop to incorporate eco-friendly formulas, guaranteeing sustainability and performance. Download Free Sample Report PDF @ Market Dynamics Expanding Infrastructure Development Drives the Global Market The current surge in infrastructure projects worldwide is a key catalyst for the global bituminous paints industry. As urbanization intensifies, particularly in developing nations, the demand for resilient, corrosion-resistant materials has increased significantly. Due to their superior protective properties, bituminous paints are essential for preserving infrastructure investments. In 2024, India's National Infrastructure Pipeline (NIP) designated significant financial resources for roads, bridges, and industrial initiatives. Bituminous paints are essential for maintaining the resilience of these structures against moisture and environmental degradation. Likewise, the U.S. Bipartisan Infrastructure Law, which emphasizes the restoration of deteriorating infrastructure, has heightened the demand for high-performance coatings. These endeavors highlight the significance of resilient materials in extensive undertakings. The utilization of bituminous paints in construction and industrial sectors is expected to increase alongside infrastructure advancements, maintaining long-term structural integrity and minimizing maintenance expenses. Incorporation of Intelligent Construction Methodologies Creates Tremendous Opportunities The amalgamation of bituminous paints with innovative construction methodologies offers a profitable prospect. The construction sector is increasingly adopting modern technologies such as Building Information Modeling (BIM) and smart materials, resulting in a heightened demand for coatings that correspond with these advancements. Kansai Paint Co., Ltd. released a series of nanotechnology-embedded smart coatings in 2024. These coatings augment durability, autonomously rectify tiny defects, and enhance thermal insulation. Producers may address changing building demands by integrating these elements into bituminous paints while distinguishing their products. Moreover, renewable energy initiatives signify a crucial expansion opportunity. The application of bituminous coatings in solar and wind power facilities to safeguard structures from severe environmental conditions is increasing. In 2024, the World Green Building Council reported a 20% enhancement in efficiency and longevity for renewable energy projects utilizing protective coatings. These advancements underscore the potential for collaboration between coating producers and the renewable energy sector, facilitating innovation and market growth. By leveraging these prospects, the global bituminous paints market can position itself as a fundamental element of sustainable and intelligent construction methodologies. Regional Analysis North America has a significant role in the global bituminous paints market, propelled by infrastructure expansion and rehabilitation initiatives. The region's deteriorating infrastructure requires the application of resilient and dependable coatings. The Bipartisan Infrastructure Law in the U.S. has designated substantial funding for enhancing bridges, highways, and tunnels, hence increasing the need for bituminous paints. In 2024, Sherwin-Williams obtained a significant contract to provide coatings for bridge restoration projects in Texas. Moreover, environmental issues have catalyzed developments, including sustainable bituminous formulations with reduced VOC levels. These improvements conform to legal frameworks such as the EPA's emissions requirements. Canada's focus on sustainable building fosters market expansion, exemplified by significant initiatives like renovating Toronto's Gardiner Expressway utilizing bituminous coatings to improve durability and safety. The Asia-Pacific area is experiencing the most rapid growth in bituminous paints due to swift urbanization, industrialization, and infrastructure advancement. China and India dominate the market, bolstered by extensive construction initiatives. China's 2024 "Sponge City" project implementation incorporates bituminous coatings to improve urban water management systems. In addition, the Smart Cities Mission in India has emphasized using innovative materials for sustainable urban development. Prominent companies, including Asian Paints, have diversified their product offerings to meet increasing demand. Furthermore, Japan's earthquake-resistant construction initiatives utilize bituminous coatings to enhance the structural integrity of edifices. Ask for Customization @ Key Highlights The global bituminous paints market size was valued at USD 1.25 billion in 2024 and is projected to grow from USD 1.34 billion in 2025 to reach USD 2.48 billion by 2033, exhibiting a CAGR of 7.8% during the forecast period (2025-2033). The global bituminous paints market is segmented based on type, application, and end-use industry. Based on type, the protective coatings segment dominates due to its extensive use in construction and marine industries. Based on application, waterproofing is the most significant application of bituminous paints, accounting for the largest market share. Based on the end-use industry, the construction industry remains the largest consumer of bituminous paints, driven by rapid urbanization and infrastructure development in emerging economies. Based on region, North America is prominent in the global bituminous paints market, driven by infrastructure development and renovation projects. Competitive Players Sherwin-Williams Company BASF SE Asian Paints PPG China National Building Material Company Limited (CNBM) Nippon Paint Holdings Co., Ltd. Jotun Group, Kansai Paint Co. Ltd., Sika AG, AkzoNobel N.V. RPM International Inc. Recent Developments In November 2024,Sherwin-Williams Company unveiled a new range of bituminous paints designed for infrastructure projects, incorporating eco-friendly formulations to meet U.S. regulatory standards. In October 2024,BASF SE announced the construction of a 200 million Euros production facility for bituminous coatings in Germany, aimed at enhancing efficiency and sustainability in manufacturing. Segmentation By Type Protective Coatings Corrosion Resistance Coatings Weatherproof Coatings By Application Waterproofing Corrosion Resistance Adhesive and Sealants By End-Use Industry Construction Automotive Marine By Region North America Europe Asia-Pacific Latin America The Middle East and Africa Get Detailed Market Segmentation @ About Straits Research Pvt. Ltd. Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision-making and ROI. Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client's purchase. 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