Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
Tag: EPC
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
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With the conducive environment, investor confidence will go up
Infrastructure is the backbone of any economy. But good infrastructure development needs good planning. Lack of planning is the biggest problem. China in comparison to India has shown better planning and flexibility while executing infrastructure projects. India has lagged behind due to its political system and populist outlook.
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Making Indian Infra Work
Though Public-Private Partnership contracts are the mainstay of infra projects, evidence of PPP performance in terms of value-for-money and efficiency is mixed and often unavailable, says Sangeeta Lakhi, Senior Partner, Rajani Associates.
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By 2050, 60percent of India´s population will reside in towns
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
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Sunil Hitech bags EPC project worth Rs.434 crore
Sunil Hitech Engineers has been awarded an order worth Rs 434 crore in Arunachal Pradesh for National Highways & Infrastructure Development Corporation Limited, on an engineering, procurement & construction (EPC) of road project.
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The Missing Link
Buoyed by the positive response from the industry and the proactive approach adopted by various state governments, India is now making rapid strides in the solar segment. The country's solar power generation has gone up 14 times in a span of just five years from 0.5 MW in 2011 to 7 GW now.
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Work is required on a speedy dispute resolution system
U nless the private sector is able to see a good return on investment and stability in the schemes proposed by the government, it would be difficult to attract further investment, says Anand Pattani, Country Manager and Managing Director, Black & Veatch Private Limited.
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GST may be disruptive for the next two-three years for certain sectors
In general, our view is that GST is going to bring in a lot of efficiencies as far as logistics goes and logistics also has a direct bearing on the cost of some of these raw materials which are going to be core to the development of any infrastructure project.
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NHAI awards nearly Rs.4,000 cr highway projects in Karnataka
The National Highways Authority of India (NHAI) has awarded two contracts worth Rs.3,918 crore in Karnataka under NHDP. The projects on NH 63 include ´four-laning of Hubli-Hospet section at Rs.2,293 crore to BSCPL-KNR (JV) and four-six laning of Hospet-Bellary-Karnataka/AP border Section for Rs.1,625 crore to Gammon India Ltd,´ the Ministry of Road Transport and Highways said.
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Reliance Infra profit rises 7% to Rs 439 crore
Reliance Infrastructure (R-Infra) has reported a 7.2 per cent rise in its net profit for the April-June quarter, on the back of lower expenses. The company reported a consolidated net profit of Rs 439 crore, against Rs 409 crore reported a year ago.