The government´s move to demonetise old Rs.500 and Rs.1,000 banknotes has been widely hailed by the country´s infrastructure sector as a positive development. Industry representatives would also like the government and its agencies to simultaneously roll out adequate measures to counter any likely bumps on the road ahead.
Author: admin (Infratructure Today)
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Impact of demonetisation on infrastructure
Land transportation was a cash-driven sector as it is a very fragmented and unorganised sector. Transition to a ´plastic economy´ would obviously remove hidden costs. This is a cultural change.
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Carpet Bombing vs Surgical Strikes
Some have called it a surgical strike on black money while the Supreme Court labelled it ´carpet bombing´. Yes, we are talking demonetisation, the topic of the day, and the target of this attack are black and counterfeit money.
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Ambuja Cement and ACC win prestigious accolades at CII-ITC Sustainability Awards 2016
Ambuja Cement & ACC Limited secured an award in the most prestigious Corporate Excellence - Outstanding Accomplishment category. This is the first time both cement companies were jointly felicitated for their exemplary endeavours under the global entity LafargeHolcim in Sustainable Development.
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Tata Hitachi | Leveraging tech to build strong products and stronger relationships
Tata Hitachi Construction Machinery Co Pvt. Ltd has been focused on developing global products to suit Indian working conditions. The organisation´s product lineup includes a wide range of excavators: from 2T - 800T Excavators, 35T to 290T Rigid dump trucks, Wheel Loaders, Backhoe Loaders, and Motor Graders etc.
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Ashoka Buildcon Bags Rs.950-crore Bihar rural electrification order
Ashoka Buildcon Ltd, one of India´s leading highway developers in the country, through its Power Division, has bagged rural electrification works worth Rs.950 crore in Bihar. The company has received Letters of Intent for the following projects from North and South Bihar Power Distribution Co. Ltd.
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The Indian logistics sector has come of age
The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.
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For the first time in 70 years, logistics personnel are getting trained
The Logistics Sector Skill Council (LSC) trains candidates at the entry level for the warehousing sub sector. Training is done on specific job roles such as pickers/ packers/ binning /kitting/labelling and forklift and reach truck operators, and warehouse supervisors i.e., an ´outcome´ based training, which ensures candidates are job ready from day one.
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The warehousing sector is going to experience a sea change in its structure
With the total warehousing space requirement in the country´s top seven markets expected to grow from 621 mn sq ft in 2016 to 839 mn sq ft by 2020, the warehousing sector has shown tremendous traction in the past couple of years. Further, investment in warehousing can provide an opportunity of realising returns in the range of 10-24 per cent per annum.
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GST will help companies reduce logistics costs by up to 1.5percent
According to me every move has an advantage and a disadvantage. The business success depends on the ability of a company to factor in variables and continue to stand firm.