Coal Ministry signs CGPDPA with selected applicants under Category II (See 'Corp Brief') India highlights Sustainable Forest Management at UN Forum (See 'Corp Brief') A&C - Eviction of tenants governed by Rent Control Act can't be sought u/s 9 of Arbitration & Conciliation Act, particularly if they are not parties to Development Agreement executed between Developer and Landlords: HC See 'Legal Desk') SECL organizes first 'Sneh Milan Mela to build stronger Community Relations (See 'Corp Brief') IBC - Details and additional explanation provided by Mr. Akash Shinghal is insufficient to justify alleged legal fees incurred by him which leads to suspesion of registration: IBBI See 'Legal Desk') MoU for deepening cooperation & peace as enshrined in teachings of Buddha (See 'Corp Brief') Reddy launches Website to strengthen Non-Ferrous Metal Recycling Ecosystem (See 'Corp Brief') C-DOT & CSIR-NPL sign MoU for research in Classical & Quantum Communications (See 'Corp Brief') SARFAESI - provisions of Section 14 of the Act mandatorily require DM to consider an application filed u/s 14 of the Act, within 30 days' time: HC (See 'Legal Desk') ECI crosses milestone of training over 2,300 field-level election functionaries (See 'Corp Brief') Central Council for Research in Ayurvedic Sciences revives 2 rare Ayurvedic manuscripts (See 'Corp Brief') IBC - Mere stamping of tax invoices at site office only indicates receipt and doesn't imply acceptance by Corporate Debtor (CD) that there was no pre-existing dispute with respect to quantum of amount payable by CD to Operational Creditor: NCLAT (See 'Legal Desk') PM Modi invites PM Starmer to visit India (See 'Corp Brief') India set to welcome 1800+ global delegates at Yashobhoomi for Space Conference (See 'Corp Brief') Insolvency and Bankruptcy Code- Mr. Kuldeep Verma had charged fees and expenses exceeding regulatory limits and these charges were not supported by requisite approvals : IBBI (See 'Legal Desk') Rijiju meets President of Vietnam Luong Cuong (See 'Corp Brief') IBC - Mr. Anil Kumar Mittal's failure to actively engage and expedite withdrawal process has resulted undue delays in withdrawal process : IBBI (See 'Legal Desk') DFS Secy reviews performance of RRBs (See 'Corp Brief') MoS visits Eastern Coalfields Limited (See 'Corp Brief') BIMSTEC and global experts meet to shape Ethical, Inclusive AI Standards (See 'Corp Brief') IBC - Proceedings u/s 138 of N I Act for dishnonour of cheque can't continue against individuals once moratorium u/s 14 of IBC is in effect: HC (See 'Legal Desk') MICE tourism is recognized as key driver for economic growth (See 'Corp Brief') Prakash Magdum assumes charge as Managing Director, NFDC (See 'Corp Brief') MoS calls for AI-led innovations (See 'Corp Brief') A&C - Procedural order given by Arbitral Tribunal, such as rejecting application seeking impleadment of party, does not qualify as interim award: HC (See 'Legal Desk') A Landmark Ruling Reshaping the IBC Framework (See CORP EINSICHT) APEDA calls stakeholders for Chintan Shivir (See 'Corp Brief') MoS for Coal and Mines reviews performance of CMPDI (See 'Corp Brief') A&C - Once arbitral tribunal is constituted, all jurisdictional and factual issues including status of non-signatories should be resolved by tribunal, not by courts, except under limited scope of review permitted by Sec 34: SC (See 'Legal Desk') WAVES as platform amplifies creative synergy between global and Indian storytellers: Co-CEO of Netflix (See 'Corp Brief') 'Driving Innovation with IP' workshop held at IISc (See 'Corp Brief') IBC - PMLA being Public Law, NCLAT did not have any power or jurisdiction to review decision of Statutory Authority under PMLA: SC (See 'Legal Desk') IICT launches strategic collaborations with Industry Leaders (See 'Corp Brief') Trade Mark Act - Defendants are trying to ruin goodwill established by plaintiffs in their CHOTIWALA trademarks and artistic works : HC (See 'Legal Desk') Mandaviya inaugurates Khelo India Multipurpose Hall in Arunachal (See 'Corp Brief') PMLA - Insolvency and Bankruptcy Code, 2016 does not affect proceedings under Prevention of Money Laundering Act, 2002 : TRIBUNAL (See 'Legal Desk')

Goyal addresses CAPEXIL's Vibrant Buildcon 2025

Published: Apr 14, 2025

By TIOLCorplaws News Service

NEW DELHI, APR 14, 2025: UNION Minister of Commerce & Industry, Piyush Goyal addressed the CAPEXIL's Vibrant Buildcon 2025 here yesterday. He asked industry stakeholders to adopt best practices in sustainability, reduce import dependency, focus on clean and green construction, and work towards earthquake-resistant and modular infrastructure.

Goyal highlighted India's growing strength in the construction ecosystem-from Global Capability Centres (GCCs) to domestic manufacturing under Make in India. He underlined the importance of key sectors such as housing, infrastructure, commercial real estate, railways, airports, highways, and energy. "Every element, from cement and electricals to security systems and automation, plays a part in this ecosystem," he said.

Goyal said the rapid infrastructure development has happened under the leadership of the Prime Minister. "PM Modi conceptualised world-class convention centres like Bharat Mandapam and Yashobhoomi, both of which were built during the pandemic. These state-of-the-art venues have hosted global events such as the G20 Summit, BharatTex, Bharat Mobility and Startup Mahakumbh," he pointed out.

The Minister listed several major government initiatives, including 20 new smart industrial cities, improved tourism infrastructure across 50 destinations, and 100 new industrial plug-and-play hubs. "If we are to move from a USD 4 trillion economy yesterday to a USD 30-35 trillion economy by 2047, every citizen must contribute to Viksit Bharat 2047," he said.

Commerce and Industry Minister noted that yesterday India is breaking silos, fostering collaboration, and reimagining the future with a convergence of minds. "Vibrant Buildcon is only the beginning of the transformation of our construction ecosystem under one umbrella," Goyal said.

Greeting the gathering on the occasion of Baisakhi, the Union Minister talked about the role of farmers during the COVID-19 pandemic. He stated that despite global disruptions, India ensured uninterrupted food distribution, month after month, under the leadership of Prime Minister Narendra Modi. "Even during the peak of the pandemic, India continued its mission of feeding the poor and bringing millions out of deprivation," he noted.

Drawing a connection between India's food security and infrastructure growth, Goyal said that Vibrant Buildcon exemplifies the country's ability to support rapid urbanisation, housing for all, and logistics transformation. "This platform showcases our manufacturing and infrastructure strength, which is crucial to attract global investments and reduce logistics cost," he added.

In conclusion, Goyalemphasised India's potential to emerge as a global superpower. "We must aim for audacious goals, ensure our labour force receives fair wages, and innovate continuously. Let there be no doubt-India will lead the world in growth, innovation, and inclusive development," he said.

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