There are cities like Delhi, Kolkata, Chennai, Bangalore, etc., where the metro rails are already operational and the construction work is underway for further expansion of the existing metro network. Then there are cities like Hyderabad, Lucknow, Kochi, etc., where the project execution is underway for their respective maiden metro projects.
Author: admin (Infratructure Today)
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The corridors are still in the nascent stages of development
This has not been largely used in the metro rail sector as yet, and this sector is still developing. It is to be noted that these projects take a long time to construct and the initial challenges of right of way need to be overcome.
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Scaling the urban ladder
Rapid urbanisation has brought in a sling of progressive measures from the policy-makers. A transition has to set in to accommodate such exponential growth in the urban population.
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The 2percentage mandatory CSR spend is a move in the right direction
There isnĆĀ“t a simple answer or cause to this. The way I look at it is a two-fold answer. Firstly, we are a water stressed country, with our population hovering around 1.2 billion and with the increasing population, this situation is likely to get worse.
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We expect 2015 to bring about consolidation, as well as restore vitality within the sector
The Indian mobile telephony industry currently has a cumulative debt of over Rs 300,000 crore with many operators even making negative returns on their investments.
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Is IndiaĆĀ“s steel industry ready to take the torch from China?
As Prime Minister Narendra Modi pushes for improvements in IndiaĆĀ“s infrastructure and housing, the nationĆĀ“s steel consumption is set to accelerate. ChinaĆĀ“s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
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Unravelling growth
At 4.87 million km, India has the second largest road network in the world. Transporting over 60 per cent of the countryĆĀ“s goods and serving 85 per cent of total passenger traffic, it is little wonder the Modi Government has accorded the highest priority to developing roads and highways.
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Land acquisition and MOEF clearances have held up projects
Roads and highways sector has observed a significant growth over the past few years compared to the other heavy civil engineering sectors such as power and water. The growth has come, especially in the EPC mode of the business, whereas PPP and annuity based projects have also witnessed a few bids.
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Gaining momentum
The Ministry of Road Transport and Highways (MORTH) has made significant efforts to put the sector on a growth trajectory. While there has been noticeable improvement, a more collaborative endeavour is sought to bring about the desired effect.
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Govt to award 10,000 km of NH for development
The major policy initiatives of MoRTH in recent past are as follows:
Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.