Infrastructure is foundation of economic growth, diplomats say at Mumbai conclave

M. Jamshed addressed The Hindu’s Maharashtra Infrastructure Conclave 2026 in Mumbai on May 22, highlighting infrastructure as key to economic growth. Australian and Finnish consuls general discussed investment opportunities and urban projects during the event.

M. Jamshed said infrastructure is not merely the bedrock of development but development itself. He described Maharashtra as a lighthouse for infrastructure from Delhi’s perspective and noted the Centre’s shift since 2014 toward integrated physical, digital and social infrastructure.

Australian Consul General Paul Murphy called the pace of transformation in Mumbai and Maharashtra astounding. He cited metro rail expansion, the Coastal Road and highway projects as drivers of investor confidence, adding that Australian firms are exploring renewable energy and electric mobility partnerships.

Finland’s Consul General Erik Hallstrom stressed the need for more public transport, including metro lines and integrated systems. He highlighted Finnish interest in sustainability, green technologies and education, while noting competition from other Indian states for global investments.

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Prime Minister Narendra Modi shaking hands with Italian counterpart in Rome, symbolizing upgraded India-Italy strategic partnership.
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India and Italy upgrade ties to special strategic partnership

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India and Italy have upgraded their bilateral relations to a special strategic partnership during Prime Minister Narendra Modi's visit to Rome. The two nations also agreed on a defence industrial roadmap and set a target to expand annual trade to 20 billion euros by 2029.

Ethiopia's Ministry of Urban and Infrastructure Development has announced a shift from isolated construction projects to integrated systems and a robust national construction industry to drive long-term growth. The statement came during the Ethiopia-Italy Construction Infrastructure and Development Forum in Addis Ababa.

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Deputy Prime Minister Temesgen Tiruneh stated at the launch of Ethiopia's Basic Infrastructure and Construction Week in Addis Ababa that ongoing national projects serve as reliable foundations for sustainable development. He emphasized the leadership principle of creativity, speed, and quality as key to Ethiopia's transformation. The event aligns with efforts toward national development visions.

Egypt's Ministry of Planning and Economic Development highlighted its Masdar platform as a key tool for improving decision-making and directing financing to priority sectors at the UN Economic and Social Council Forum on Financing for Development in New York City.

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Egypt's Deputy Prime Minister for Economic Affairs, Hussein Eissa, held two separate meetings at the government headquarters in the New Administrative Capital with the ambassadors of Germany and India to discuss strengthening economic and development cooperation. The discussion with the German ambassador focused on the long-standing partnership in sectors such as energy and water, while the meeting with the Indian ambassador highlighted historical ties and investment opportunities following Egypt's accession to BRICS.

The Rajasthan Cabinet approved a new industrial development policy on May 22, 2026, with emphasis on the talent economy and private sector involvement. The policy aims to build world-class infrastructure and boost the state economy to $350 billion by 2028-29.

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Union Home Minister Amit Shah inaugurated the Million Minds Tech Park in Ahmedabad on Sunday, calling on Gujarat to secure a position among the top three states in the service sector.

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India approves Urban Challenge Fund for urban infrastructure

 

 

 

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