Project delays, time and cost overrun in infrastructure projects, delays in regulatory approvals and contractual disputes are some of the challenges faced in implementing a project in India.
Road traffic fatalities are the tenth leading cause of death globally. The World Health Organisation (WHO) predicts that if city authorities or government don't take necessary precautions in the next 13 years, it will become the 7th leading cause of death.
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.
The Smart Cities Council India successfully organised its first-in-its-series of India-wide multicity smart cities workshops in Solapur on June 2, 2017. Solapur was selected under the CentreÂ’s smart city mission, which witnessed a lineup of world-class solution providers.
It has been proved again that Maharashtra is the most preferred destination for investment. And in the Make in India week, everyone could see that out of the total Rs 15 lakh crore worth memorandums of understanding signed, more than Rs 8 lakh crore were signed by the Government of Maharashtra.
By signing Memorandums of Understanding (MoUs) worth Rs.8 lakh crore, Maharashtra managed to outpace other states in the recently held Make in India week. The MoUs being signed by various companies, and with these firms indicating their investment intentions, clearly showcases the faith being reposed in Maharashtra by the industry.
First of all, when we talk about a project, it is not only about the project but the risks associated with it. When it is an Indian investor, the risks are lesser in nature. However, a foreign investor comes in looking at a lot of other risk factors as well.