It is known - and recognised - that the Indian economy is one of the fastest growing in the world. However, for this growth to sustain, the infrastructure sector needs acceleration at a much faster pace. With this in mind, Finance Minister Arun Jaitley allocated Rs 396,135 crore for the infrastructure sector in this year´s Budget, up 10 per cent from the previous year.
When the CW team recently met Minister of Road Transport and Highways Nitin Gadkari, he candidly stated: ´In the past year, the Ministry of Road Transport and Highways has drastically brought down stress project count to 41 from 384 projects worth Rs 3.80 lakh crore.
With several successfully completed and ongoing projects, APCO Infratech has created new standards, overcoming the many challenges in the construction space. With diversified experience in roads, power, and industrial projects, the company has also engaged itself in EPC projects.
With the change of power at the Centre, the roads sector was expected to get back on the move with fast-track approvals, delink of forest and environment clearances, increased limits on sand mining, positive movement on land acquisition, online filing for clearances to construct rail over-bridges (ROB) and under-bridges (RUB), and change in bidding from BOT to EPC