Pratap Padode, Founder, FIRST Construction Council decodes what the finance minister has planned for infrastructure and development. Finance Minister Nirmala Sitharaman continued the thrust on infrastructure as she announced a capital expenditure outlay of ₹10 trillion for the financial year 2023-24. This would be a 33% increase from the CAPEX allocation announced in the previous...
Category: ECONOMY & POLICY
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Augmenting the Indian Economy From US$ 3 to 30 Trillion
India’s economy has seen a sharp rebound, writes Bharat Joshi, ACTL India’s economy has seen a sharp rebound after the first-two waves of the pandemic and as per the projections made by the International Monetary Fund (IMF), India is expected to be among the fastest growing major economies in the world in 2021 and 2022,...
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A Perceptional Shift in the Bureaucratic Way of Doing Business
New projects will boost investors, writes Amitava Chatterjee, SBI CAP Banks have largest exposure to the power and road sectors amongst the infrastructure sector. Further, presence of projects under NIP and Gati Shakti program will substantially boost the confidence of investors to such an extent that it may attract participation from the private banks and...
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A Goal to Achieve Synchronised Development
Plans & applications to be effective, feels Sandeep Upadhyay, Centrum PM Gati Shakti is a very relevant initiative taken by the Government and is expected to effectively address some of the key challenges faced in the infrastructural development. While it may take some to evolve, but I am hopeful the roll out plan and its...
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A Game-Changer for India’s Infrastructure
A powerful tool if made open to the public, writes Elias George, KPMG Gati Shakti NMP will be an even more powerful tool once it is made open access to the public, which will facilitate crowd-sourced suggestions, corrections, and iterations, as well as enabling fairer, more democratic, and more accurate assessments of the environmental and...
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The Industry Responds!
For the fourth time in a row, to combat inflation, RBI’s monetary policy panel hiked the repo rate and interest rates by 35 basis points to 6.25 per cent. For the fourth time in a row, to combat inflation, RBI’s monetary policy panel hiked the repo rate and interest rates by 35 basis points to...
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Bostik Unveils Two New Tape and Label Adhesives in India
The move is seen as the company’s endeavour to bolster the manufacturing industry and support the shift towards a circular economy. Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, has launched two new innovative products for the tape and label market in India. The first is Bostik HM2060, a single solution...
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ACE’s Sorab Agarwal is Equipment India Person of the Year 2022 at 8th India Construction Festival
Besides, the 10th Equipment India Awards 2022 presented 18 awards to construction equipment companies Sorab Agarwal, Executive Director, Action Construction Equipment (ACE), was recognised as the Person of the Year 2022 at the 10th Equipment India Awards 2022 for his remarkable achievements over the yearsBesides, the 10th Equipment India Awards 2022 presented 18 awards to construction equipment...
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3i EXPO & Conference gets a rousing response from the manufacturing industry; IPF presents awards to 19 SMEs from across India
3i EXPO & Conference – hosted by Industrial Products Finder (IPF) from May 20-21, 2022 in Mumbai – received an arousing response from the Indian manufacturing sectors with senior representatives from some of the leading companies like Emerson, Godrej & Boyce, Aditya Birla Group, Reliance Industries, Mitsubishi Electric, etc visiting the event. Mr Sanjay Bhatia,...
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Why Green means Money
ESG stands for Environmental, Social and Governance.