Sunday, July 25, 2021

Editor's Space

Action time


Since the Narendra Modi government marked the completion of its two years in office on May 26, it is under immense pressure and scrutiny to deliver on its mammoth promises. In the meantime, one of the commendable initiatives taken by it has been the passing of The Real Estate (Regulation and Development) Act, which lays down stringent rules on developers and aims to bring in transparency to safeguard the interests of consumers. This Act is expected to boost domestic and foreign investments, and thereby give a much-needed impulsion to the growth of the realty sector.


Despite the many inexplicable hurdles and constraints, they have been facing, some of the leading realty developers have bestowed our cities and towns strong identity and character as well as new landmarks. Our June issue is dedicated to these Top 18 Real Estate Czars, who have proven their prowess over several decades by delivering top-class projects of quality and sustenance, ergo full value for money to their customers, thereby building enormous trust, credibility, and brand equity.


Lately, online shopping portals like Amazon, Flipkart, and Myntra, to name a few, have given the consumers the required convenience of shopping from home. Large-sized warehouses are the need of the hour for stocking of their products to keep the supply chain intact for distribution across the country and all round the year. Furthermore, several government initiatives such as the industrial corridor, dedicated freight corridor, ‘Make in India’ and the corresponding rise in domestic manufacturing, consumption as well as increased international trade have given the warehousing sector the necessary impetus.


As such, the warehousing sector is definitely on a new high with private and foreign investments coming in. The India Warehousing Show 2016 (IWS), running in its 6th annual edition, couldn’t have been timed better as it acts as an ideal meeting place for all those in the warehousing, logistics, material handling and supply chain industry.


The mining industry is a major economic activity that contributes significantly to the economy of India. Though its direct contribution to the GDP hovers only around 2.3 per cent, going by the GDP of the total industrial sector, it is seen contributing around 10 per cent to 11 per cent. Moreover, the mining industry is currently the main source of raw materials for several industries in the country. Most importantly, it provides job opportunities to over 700,000 individuals.


Meanwhile, the construction and infrastructure sector at large is looking up to the government to implement its plans speedily and aggressively. Hence, it is action time, and we sincerely hope we will not be disappointed.


Have a happy read!

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