01 Jul 2019
Promote more ports and terminals on BOT basis
Having successfully undertaken several port development projects, Navayuga Engineering Company specialises in ports and harbour structures as well as operating ports. Dr Ir PV Chandramohan, Sr President (Technical),Navayuga Engineering Company, shares more on the potential he envisages in this area.
How do you view the availability of funds for project execution?
Ports should be taken as opportunities for trade. The major income of countries such as Singapore comes from port activity. If a port is taken as a business, it is a question of profit and loss. Ports are gateways to the nation. All incoming and outgoing trade has to pass through these gateways. The Government will come out with funds; more and more entrepreneurs are considering ports as a business investment. We will have to promote this.
How do you view the construction opportunities in the sector for the next five years?
At present, we are at the launching point of a great leap in the field of ports. This is mainly because of the initiative taken by the Government. The climate for investment has certainly changed. Sentiments have improved and there is optimism all round. The company specialises in port and harbour structures. We are already operating KrishnapatnamPort and two other ports are in the offing. We hope to grow in construction and trade in coming days.
Any recommendations to give a further fillip to the sector?
Promote more ports and terminals on BOT basis. This will help construction companies participate in the ports business, apart from being confined to construction alone. This will bring in more investments.
Considering ports as well as other construction segments, which sectors will the company’s business focus on?
With agriculture being a core sector, irrigation is a field connected to it.The Government will prioritise this sector. We are involved in a big way in irrigation in Telengana, Madhya Pradesh and Andhra Pradesh. We are deeply involved in dams, which are a part of irrigation.
Rating on current growth and opportunities: 5/10