Sustainability, decarbonisation are a big focus area for this company

The name Tata Projects has become synonymous with India’s development across a plethora of sectors. In an event held in the nation's capital recently, Vinayak Pai, Managing Director, Tata Projects, spoke to CW about the company's key focus areas and its ability to navigate the current geopolitical climate.

What similarities or differences do you see when it comes to project execution in India and abroad?
To be honest, project execution everywhere, by and large, follows the same principles. However globally, the front-end definition of a project is much stronger. A lot of time is spent on devising the initial plan and concept before project execution begins. In India, this stage, in particular, is not so robust. Later on, this leaves room for changes, owing to which timely project delivery takes a hit. Hence, precision is desired in planning and finalising the front-end design and definition of the project so that the project execution plan is not riddled with constant changes.

How will the National Infrastructure Pipeline (NIP) from projects and the production- linked incentive (PLI) scheme enhance India’s infrastructure growth?
We believe the PLI scheme has given a lot of emphasis to sustainability-related investments apart from aiding the manufacturing sector pan India. As far as the infrastructure sector is concerned, a good deal of investment is pouring into the infra domain, both at the Centre and state levels. A lot of emphasis is being laid on growth of infrastructure with the requisite budget allocation; much of this has to do with the urbanisation of the Indian economy...