National Highways Authority of India (NHAI) has a new Chairman. Yudhvir Singh Malik has taken over Raghav Chandra to head the authority, which plans to undertake highway construction works of around Rs 70,000 crore.
The year 2016 dawned with a sense of guarded anticipation - while much remained the same, some things were definitely changing, with metro projects progressing in a dozen Indian cities, road projects revving up to reach 30 km per day, and real-estate construction gathering momentum to build higher towers dotting the skyline.
In a recent move, the government has changed roles of 19 secretaries and 18 joint secretaries in a major bureaucratic reshuffle. The 19 new secretaries have been appointed in various central government departments.
Raghav Chandra to the rescue for firms stuck in litigation. The NHAI Chairman plans to release Rs 6,000 crore to developers stuck in litigation under the new arbitration policy. This measure is expected to help banks recover some stuck loans while also providing funds for stalled projects.
Welcome Address and the Methodology of the Awards PRATAP PADODE, Managing Director, ASAPP Info Global Group, gave the perfect start to the celebratory evening as he welcomed Keynote Speaker Raghav Chandra, Chairman, National Highway Authority of India; Excellencies from various esteemed nations; captains of industry; members of the esteemed jury; and winners of the coveted awards.
Raghav Chandra, Chairman, NHAI, delivering the keynote address for the evening. CW Annual Awards Keynote Speaker RAGHAV CHANDRA, Chairman, National Highways Authority of India, didn´t mince his words with the rapt audience. ´
The balance between social good and infrastructural development is a delicate one. A citizen has a constitutional right to be provided basic amenities but the nation has limited resources, further constrained by a poor administrative system of collection of revenues, making it necessary to depend upon private investment. Private investment has to serve the profit motive, which in turn conflicts with the ´right to be served´ of the citizen.
When cement and steel meet champagne and silk, the result is magic. And gilding the magic was the camaraderie in the room, which came from a sense of fraternity and common purpose. Another rich addition to CW´s bank of memories built over the past 14 years, the CW Annual Awards constituted another step in the journey to bring the industry to centrestage, recognise achievements, and honour construction heroes.