While the industry grapples with challenges like escalating project costs and prolonged construction periods, emerging technologies can redefine the Indian construction industry and take it to the next level globally. Technology is emerging as a catalyst for change, writes Garima P.
Category: ECONOMY & POLICY
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Need big projects to take off: Experts
If there is a signal from the government for continuous development in the form of announcement of infrastructure projects, then equipment manufacturers will not shy away from further investments. A lot of manufacturers have come in, invested and are now waiting for such big projects to take off.
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We aim to cross 10,000 companies mark by 2015
DMCC adds six new companies each day to its Free Zone. Gautam Sashittal, who joined in 2009 as Chief Operating Officer of DMCC, tells Janaki Krishnamoorthi that the largest Free Zone in the UAE will keep working to keep Dubai as the gateway for that trade.
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Some of the rules and guidelines have to be reframed
I cannot say much on this as of now, as certain issues have yet to be streamlined. Today, FTZs/FTWZs are functioning under the SEZ Act and rules. However, we realise that the activities of FTWZs are of different nature and their requirements are also different. Hence, some of the rules and guidelines have to be reframed. The process is on.
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Companies hope to extract business benefit
CSR may become mandatory for larger business, but the government is unlikely to be too stringent on companies that seek business benefits from them. The recent inclusion of corporate social responsibility (CSR) has become a point of widespread debate among various industries
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Belling the insurance cat
Project owner or contractor-who should be buying the insurance? Vikash Khandelwal explains. On a recent flight back to Delhi, I bumped in to a builder friend, who told me that in most of his projects, he asked his various contractors to buy insurance policies on their contracts.
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HSBC global trade forecast
India is set to topple USA as the biggest importer of goods for infrastructure (materials needed for infrastructure projects) in the world by 2020. It will continue to hold this position till 2030, as it builds civil infrastructure, bolstering demand for overseas goods, according to HSBC´s latest Trade Forecast report.
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Israel Ambassador visits IDE plant
During his recent visit to Chennai, Ambassador of Israel Alon Ushpiz took a visit to IDE´s 100 million liters per day (MLD) Nemelli desalination plant. The plant, designed by MECON, was built by IDE Technologies (Israel) together with local Indian partner on EPC basis with a seven years operation and maintenance contract awarded by end client CMWSSB to IDE consortium.
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Actuant mfg facility in Bangalore
Actuant India announced the launch of its manufacturing facility in Bangalore. The facility will support the company globally by offering value-added capabilities to drive business growth and accelerate operational excellence.
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High Speed Rail Corporation inaugurated
The Union Railway Minister Mallikarjun M Kharge formally launched the High Speed Rail Corporation of India (HSRC), a subsidiary of Rail Vikas Nigam (RVNL) in Delhi. He also revealed the logo of HSRC that has been designed by National Institute of Design, Ahmedabad.