In order to consolidate and accommodate this mass migration, the Government of India has undertaken several initiatives which have given a way to the mega projects, nucleated around the development of industrial clusters, connectivity and increasing India's exports.
A greenfield smart city is a clean-slate approach towards urban growth, something that helps prepare for a new future. Two main issues that need to be addressed today a comingofage population that needs employment, and a place for them to live while they work.
RaIn an interaction with INFRASTRUCTURE TODAY, Katsunori Ushiku, Managing Director, Mitsubishi Electric India (MEI), said that for transportation systems, the company is targeting an annual revenue of US $170 million in India by 2020, partly by strengthening sales and maintenance services for subways and trains, to meet the growing global demand for transportation infrastructure.
Mumbai, June 29: Construction work in the Shendra-Bidkin node of the Delhi-Mumbai Industrial Corridor (DMIC) project is moving at a quick pace in Maharashtra, with the latest Engineering, Procurement and Construction (EPC) contract awarded to L&T for building roads and underground utilities over 10 sq.km in the Bidkin Industrial Area.
To monitor the progress on the Delhi-Mumbai Industrial Corridor (DMIC), we have appointed a project management consultancy. In addition to this, we have also developed an in-house Project Monitoring and Implementation System (PMIS), through which we monitor the progress of each and every phase of the project.
With the total warehousing space requirement in the countryÂ´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.
Though the Centre has chalked out ambitious infrastructure plans, a multi-rate GST, and the DND toll cancellation issue, may dampen the spirit of the infra industry. Union Minister for Road Transport and Shipping Nitin Jairam GadkariÂ´s well laid out plans to kick start an infrastructure boom in India