Tushar Mehendale is Managing Director of ElectroMech Material Handling Systems. Over the last 35 years, ElectroMech has developed a strong dedicated workforce of more than 500, and since 1999, Mehendale has been leading this team.
Tag: infrastructure
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PPP model of airport development lauded
Public-private partnership (PPP) in the development of airports has been flagged as ´one of the significant achievements´ in the civil aviation sector, in the Economic Survey 2014-15. The Survey points out that the PPP model has led to a significant improvement in infrastructure and in collection of revenue.
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Airport, Metro projects will add Rs.1,450 crore to GDP
According to the audit by the National Council of Applied Economic Research (NCAER), big-ticket projects of airport-related infrastructure and Mumbai Metro will contribute Rs 1,450 crore in income to country´s gross domestic product during the entire construction phase (2014-15 to 2018-19).
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Power Play
The power sector had been facing serious challenges over the past few years. The key issues pertain to shortfall in supply of coal and gas, delay in clearances for projects and the declining financial health of electricity distribution utilities.
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Gazing into the Big Budget
The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
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Action Commission needed
So we are at that time of the year again when the Finance Minister will come out with a few carrots and sticks to keep India´s economy chugging along.
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The new government has made the right noises
Egis in India is a cornerstone for the Egis Group because you know there are two economies in the world which are the ones that would pull the whole world out of the so-called recession; one is China, and the other is India. Now Egis has a dominant presence in India where we have 10 per cent of the total workforce in India of the total group and we are one of the very few subsidiaries which are contributing significantly to the top line (and) bottom line of the group.
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Ease of doing business in India has assumed priority
Generally, projects that are bankable do not face problems in obtaining financing. Of course, there are issues relating to the sector exposure, promoter commitments, etc. But these are exogenous to issues of bankability and will need to be dealt with separately at a macro level.
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Land Acquisition Ordinance: Legality & impact on infra
The amended Land Acquisition, Rehabilitation and Resettlement Act, 2013, will help shorten project timelines and drive development, feels the business community.
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Gammon to buy Sadbhav stake in Expressway
Gammon Infrastructure Projects Ltd (GIPL) has said that it will buy out Sadbhav Engineering´s 20 per cent stake in the Mumbai-Nasik Expressway for Rs 72 crore.