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Mangal Dev, Head of Hitachi Rail Systems Co., India & South Asia Region affirms that the time is ripe for the development of a network of bullet train projects in the country.
Urbanisation is an inexorable process as far as India is concerned. The future of IndiaÆs growth lies in its cities and a large chunk of our gross domestic project (GDP) will come from urban centres. It goes without saying that our existing cities were never planned to deal with the exponential levels of population growth currently witnessed. What can be worse than witnessing civic resources being stretched beyond limits.
In India, the Central and the State Governments have worked on a wide range of sectorsùincluding roads, ports, telecommunication, power, water supply, waste management, tourism, industrial infrastructure, SEZ, township development, and health on a Public-Private Partnership (PPP) basis.
With its consistent double-digit growth, the Indian civil aviation industry has ushered in a new era of expansion for the allied services related to aviation besides airlines, airports, i.e., air cargo, MRO, catering, online travel agency, travel portals, etc.
Inaugurating the 4th edition of the Global Exhibition on Services (GES) in Indias commercial capital, Honble President Ram Nath Kovind has said that the countrys large talent pool gives it natural advantages in the services sector.
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development.
Mangal Dev, Head of Hitachi Rail Systems Co, India & South Asia Region feels that inadequate attention to planning, availability of funding and the need to expand the availability of skilled manpower are key challenges facing the metro rail projects in India.