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Construction : Event | November 2018 | Source : CW-India

India Roads Conference

KEY TAKEAWAYS
  • India has changed its focus from project cost to project life-cycle.
  • 24,800 km of road projects will be completed under the Bharatmala programme by 2022.
  • Change from EPC-based bidding to HAM will lead to faster project implementation.
  • Construction equipment industry still depends on import substance and has failed to manufacture critical components in India.
  • CNG is a cleaner fuel and other states must implement it.

KEY TAKEAWAYS

  • Unless an apt project management method is in place, it will be tough to implement Bharatmala efficiently.
  • It is time to bring intelligence into construction through IoT and Artificial Intelligence.
  • The government is nearly losing Rs.2 trillion per year because of the delays in project execution.
  • Implementation and execution of projects are bigger impediments than finance.
  • Judicial risk always poses a threat to India's infrastructure sector.
  • If infra developers get adequate aggregate within a stipulated timeframe, delays in projects could be curbed by almost 70 per cent.

KEY TAKEAWAYS

  • Infrastructure assets are going to remain for the next 50 years, and looking at the life-cycle of the projects, there is a need to create sustainable infrastructure network.
  • For efficient project delivery, there is a need for a strong and stable government partnership along with capable project developers.
  • Soil stabilisation and cemented-base is getting popular in national and state highway construction, especially in the eastern part of India.
  • With conventional methods, India will consume resources unnecessarily, leading it to material wastage.

KEY TAKEAWAYS

  • Today, 15 of the top 20 companies are sitting on an average order book of `100 billion.
  • The question from here going forward is, if these companies will be able to execute it in time or not.
  • In the recent past, state road projects have witnessed decent amount of participation from private players.
  • ┬áTo achieve India's road connectivity, HAM is the most relevant method.
  • State governments must come up with road projects below Rs.5 billion to attract competition from the mid and small-level players.

PARTNERS
= State Partner: Andhra Pradesh Economic Development Board = Platinum Partner: Dilip Buildcon = Official Cement Partner: Wonder Cement = Gold Partner: Welspun Enterprises = Silver Partner: Chetak Enterprises = Associate Partners: GHV India; Sany India; GR Infraprojects; Action Construction Equipment; Hyundai Construction Equipment; Tractors India; Godavari Paints; and Patel Infrastructure.

 
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