Global construction technology leader Trimble (NASDAQ: TRMB) hosted its flagship annual event for Indian customers, Tekla Users Days (TUD) India recently. Keeping in mind the safety and well-being of the attendees in the wake of the global pandemic, this year’s conference was hosted online. This open-for-all software user conference allowed the Indian construction professionals and Tekla Structures users to attend the mega-scale event from the comfort and safety of their home or office. The highly-anticipated annual symposium drew over 3,000 participants, including industry leaders, stalwarts and professionals from across the construction lifecycle. The 2-day event was sponsored by Giza – a global leader in connection design software and Dell Technologies, a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information.
Pratap Padode, Founder & President, FIRST Construction Council lauded the authorities on the decision to defer the implementation of the emission norms for construction equipment to 1st April 2021. He further urged the authorities to advocate a land pooling method by stating, "As part of the National Infrastructure Pipeline, the roads sector would elicit an expenditure of Rs. 3.24 trillion in FY 2020 alone apart from its total allocation of nearly Rs. 19 trillion over five years until 2025. With land costs constituting 40 per cent of the cost of roads from only 10-15 per cent barely seven years ago, the failing of the Land Acquisition Act is hurting the stability of this model. I have been constantly recommending abandoning the purchase of land for road construction and deploying innovative land pooling instead, which will save the country over Rs. 2 trillion."
Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari inaugurated and laid the foundation stones for 16 National Highways projects with a total length of 1,411 kms worth Rs 155.92 billion in Andhra Pradesh on 16 October 2020. The event was presided by the Chief Minister Shri Y S Jagan Mohan Reddy.
The Noida International Airport and Zurich Airport International AG on October 7, 2020, signed a concession agreement that would allow the Switzerland headquartered company to build and operate the Noida International Airport at Jewar for 40 years.
Adani Ports and Special Economic Zone (APSEZ) 5 October completed the acquisition of the Krishnapatnam Port Company Limited (KPL) in Andhra Pradesh for an enterprise value of Rs 120 billion but at a lower enterprise value compared with the deal that APSEZ signed with KPL at the beginning of the year. Present enterprise value is 13 per cent lower than the original deal value of Rs 135 billion.
It is true that the impact of COVID-19 impact on India Inc in FY2020 was only for a few days – the last two weeks of March. But many would agree that the Indian economy was already in trouble and COVID-19 only exposed the fault lines.