Friday, February 26, 2021

Editor's Space

THE INFRA PUSH

 

Let’s start with the positives as we usher into the new decade of promising possibilities…The International Monetary Fund (IMF) expects a growth rate of 11.5% in the next financial year making India regain the tag of the fastest-growing large economy in the world amidst the COVID-19 pandemic.

 

As India preps up for the biggest economic uptick perhaps after the liberalization era in the year 1991, all eyes are on the INFRASTRUCTURE sector to deliver. To start the year 2021-22 on a promising note, the Economic Survey 2020-21 recently acknowledged the role of infrastructure as the foundation of growth of the country. It stated, “In the absence of adequate infrastructure, the economy operates at a suboptimal level.” The survey highlighted the National Infrastructure Pipeline (NIP) scheme which is targeted at facilitating the implementation of world-class infrastructure projects in the country.

 

In fact, addressing a joint sitting of both houses of the Parliament on the first day of the Budget session, hon’ble President Ram Nath Kovind also emphasized, “Modernizing country’s infrastructure, the government is working on the National Infrastructure Pipeline (NIP) worth over Rs 110 lakh crore. My Government believes that building modern infrastructure will serve as a strong foundation for a new and ‘Atmanirbhar Bharat’. Rapid execution of major infrastructure projects and their completion, even during the corona virus pandemic, demonstrates our resolve.”

 

With such a strong and much needed push from the government, the infrastructure fraternity needs to up its sleeves and be on the drivers’ seat to take the growth trajectory of the sector and turn the Indian economy to never-seen-before heights. As they say, it’s the survival for the fittest. The infrastructure sector needs to tweak this popular adage a bit, ‘It’s the survival for all by taking a holistic approach’ and script a new chapter of growth. A well-knitted infrastructure ecosystem is the need of the hour, encompassing the sub-segments and the ancillary industries to play their enabling role.

 

It’s time NOW for the INFRA sector to prove its mettle with the power of MSMEs, Technology and a hint of eco-consciousness.

 

With a lot set to happen, this month is full of reading material and we are certain that you will have a wonderful read!




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