A very positive and a growth oriented budget with a strong focus on infrastructure development. Investments of Rs 70,000 cr along with the risk sharing mechanism for PPP projects; setting up of a national investment and infrastructure fund; deepening of the Bond markets etc. will help revive infrastructure investment.
In times of global economic slowdown, here's an organisation that tries to uplift the industry through its innovative initiatives - the Philippines-based International Federation of Asian and Western Pacific Contractors' Associations (IFAWPCA). Manolito P Madrasto, Past Secretary-General, IFAWPCA, and COO, IFAWPCA Permanent Secretariat (HQ), elaborates upon these initiatives in conversation with SHRIYAL SETHUMADHAVAN.
The awards not only commemorated industry leaders but also sought answers to deal with the global downswing. It is said that adversity brings out the best in a human being. Its only when the going gets tough,
There are apprehensions about the proposed Land Acquisition Bill. CREDAI believes that if the bill is cleared,it may lead to an increase in land prices and housing units, which would discourage developers from taking up big projects. Recently, the bill was cleared by the Union Cabinet and the consent of 80 per cent of owners has become mandatory for private projects. In the case of PPP projects, the bill makes obtaining the consent of 70 per cent of the land owners mandatory.
The newly proposed Navi Mumbai airport has opened the gates to business opportunities across diverse segments from the construction industry, The Request for Qualification (RFQ) global tender for developing the new Navi Mumbai airport was recently floated in February 2014.
In the midst of the current economic turmoil, AVADESH SINGH sees a glimmer of hope for the infrastructure sector. In the face of the stiff global economic meltdown witnessed 2012 onwards, India has felt the impact. Given that it had earlier opened up its economy to the world as part of its liberalisation policy meant that complete insulation from global events would never be possible. Though the impact is not as hard hitting as the world over, it has been felt during the current financial year.
Dr Mohit Raina, Senior Expert-Textile Reinforced Concrete, ITA, RWTH Aachen, Raina Industries Pvt Ltd, tells us why the use of textile reinforced concrete in construction is an idea whose time has come.
Based in Gujarat, Cube Construction Engineering Ltd (CCEL) is a fast growing construction company with rich and varied experience in civil construction. Engaged in this business for over a decade, it focuses on the infrastructure construction segment, and has built a strong reputation, executing landmark projects across the region.
With the announcement of the 20 cities to be developed as smart, CW records the industry´s reactions on business opportunities and unveils the tendering, budget and SPV details of the selected cities.