India’s Prime Minister Narendra Modi recently inaugurated the world’s tallest statue at 182-m (597 ft) located in Gujarat, India. The steel, concrete and brass-clad statue is almost double the height of the Statue of Liberty in the US.

By fiscal year 2023, India will be looking at a whopping investment requirement of Rs 38.6 trillion in the infrastructure sector. Over a period of time, the government spending has completely overshadowed private sector investment which was 37 per cent in 2008, and a gradual downward curve between 2013 and 2017 was witnessed.

The infrastructure sector is highly responsible for propelling India's overall development. With intense focus, the government has initiated policies to ensure time-bound creation of world-class infrastructure in the country.

New methods of sharing project responsibility between the owners and contractors looks set to accelerate the ongoing digital journey to combat late delivery, budget excesses and poor visibility into performance.

In June 2015, Prime Minister Narendra Modi announced his bold Smart Cities Mission, an investment of Rs 980 billion to develop 100 cities across the country into intelligent, sustainable and resident-friendly communities.

India is investing heavily to scale up the current legacy systems to the new generation technologies, whether it is digitalisation initiatives, TCAS or ETCS or the CBTC-based technologies.

Trains and the national railway network are meant not only for the physical movement of people and goods but also to enhance the overall quality of life of an average Indian, through innovation and corresponding investments in futuristic technology.

Despite price sensitivity of the Indian market remaining a major challenge, Conrad Latham, General Manager, Atlas Copco Compressor Technique, India cites that to be competitive in India, the global players are willing to pay for the value of options that are normally associated with improved energy efficiencies like variable speed drive compressors, permanent magnetic motors, cost-effective adsorption dryers or even higher IE-rated motors.

The logistics industry has always been an underdog and has not received the much-deserved attention yet. Though the sector is full of potential, it is yet to achieve optimal utilisation of resources.