The increased impetus being given to infrastructure development in the country has helped attract both domestic and international players. Shyamsree Infrastructure is one of the major players which is utilising the combined human resource and technical expertise in its pursuit of joining the big league of infrastructure developers in India.
Infrastructure Development: A Necessity
The development of a nation wholly depends on the availability and accessibility of infrastructural facilities. Infrastructure plays a vital role in the improvement of the country's standard of living. It also plays an essential role in facilitating the smooth running of all the sectors of the economy.
Current Situation in India
The infrastructure sector is largely responsible for propelling India's overall development and enjoys intense focus from the government for initiating policies that would ensure time-bound creation of a world-class infrastructure in the country. The logistics sector in India is growing at a CAGR of 10.5 per cent annually and is expected to reach $ 215 billion by 2020. The cumulative growth in the index of eight core industries was 4.7 per cent in 2017-18 and 4.3 per cent YoY in FY2019. India is expected to become the third-largest construction market globally by 2022. The country has a requirement of investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to ensure sustainable development. Therefore, the infrastructure sector has become the biggest focus area of the Government of India.
The increased impetus being given to infrastructure development in the country has helped attract both domestic and international players. Moreover, international institutions such as the World Bank, IMF, and World Economic Forum, etc., have recognised the fact that it is India's turn to take the centrestage and project itself as the next engine of world economic growth. The country is ranked among the world's seven largest economies. In terms of purchasing power parity, it ranks even higher, at fourth, ahead of Japan.
Dwindling infrastructure can impose huge costs on society as it comprises facilities and systems shared or used by citizens. It can result from lower productivity to reduced competitiveness to an increased number of accidents. Lack of infrastructure not only holds back large-scale farms, but also holds back small-scale farm produce that only sell locally. Without quality roads, it is difficult for our small-scale farmers to transport their crops to market or for people to access markets. Basic infrastructure is also necessary to the tourism industry because, without it, there would be no way for tourists to travel around the country. Avoiding the potential negative economic consequences of insufficient or failing infrastructure should, therefore, be considered a core business and societal concern. It is a critical area that requires long-term planning and investment.
Shyam Steel: The Parent Company
Shyam Steel is one of the leading construction materials producing firms in India for the past 66 years. As a unique enterprise, it integrates power generation, coal mining, steel and cement production with each segment being a critical part of India's infrastructural blueprint. We aim to be at both ends of the value chain û from minerals to finished steel and beyond - thus ensuring the impeccable quality of infrastructure. We are forever guided by our philosophy to produce safe and sustainable steel using cutting-edge technologies to meet the highest standards for the development of our beloved nation.
Shyamsree Infrastructure - which is a constituent of the Shyam Steel Group - is utilising the combined human resource and technical expertise of the group is well on its way to being amongst the leading infrastructure developers in India by providing Engineering, Procurement and Construction (EPC) services for power and road projects. Shyamsree Infrastructure has a significant presence across the infrastructure space with expertise in operating and developing roads, metro rail, airport and real estate. It has been functioning with the highest quality standards while also ensuring safer work environment, encouragement to innovation, excellence, integrity, professionalism and team-work, with an optimum mix of latest technologies, human resource and enterprise solutions.
Currently, Shyamsree Infrastructure is working with several government departments and leading private sector entities such as PWD (West Bengal), HRBC (West Bengal), South Eastern Railway, Eastern Railway, Shyam Steel Manufacturing Ltd and Tata Hitachi Construction Machinery.