DELHI: EM Sudarsana Natchiappan, Minister of State for Commerce & Industry inaugurated CII’s 4th Regional Conference on Infrastructure Project Management in Delhi today. CBRE is the knowledge partner for the conference.
Speaking at the Inaugural, Dr Natchiappanstated that Infrastructure development in India continues to be the focus for the Government and the importance of infrastructure for sustained economic development is well recognized.
The Indian economy is getting bigger and better. Going with the estimates that Asia’s third largest economy will become the world’s third largest by 2050; a need for more robust and vast infrastructure is inevitable. Dr Natchiappan said that spanning from roadways to airways, ports to airports and power production facilities, infrastructure segment is key for the development of the nation and hence enjoys intense attention from top-grade policy makers of the country. Liberal and supportive Government policies coupled with deliberate strategies to promote infrastructure; spells great opportunities for engineering and construction (E&C) and Infrastructure management companies in India.
Dr Natchiappan spoke about the recently passed Company Act, Land Acquisition Act and Food & Safety Law and its importance in Project Management and said that it is imperative that infrastructure development occurs in a sustainable manner, in India and around the globe.
He further iterated that the Government is committed to ensure that rapid growth does not happen at an untenably high environmental cost, and infrastructure projects will play a key role in ensuring the success of ‘green growth’. Those Infrastructure Management companies taking a holistic approach to building a sustainable infrastructure will have a strong competitive advantage.
Dr Natchiappan suggested that the managing teams of skilled resources and often demanding customers can be difficult but ensuring that you have a regular schedule of expected project deliverables and communication points will definitely help to streamline project processes by creating more efficient and reliable processes an organization gives better chances of success to itself as well as the projects they deliver.
Empowerment and motivation are key attributes to effective leadership but in a project scenario, a robust governance protocol is essential to ensure project success. So there is a potential for public private partnerships (PPPs) to contribute more and help bridge the infrastructure gap in India.
Dr Natchiappan concluded by saying that to sustain this growth, India needs to develop sound infrastructure so that the right input of skilled, qualified and socially contented labor; visible and reliable supply chains; prompt and accurate information for decision making; efficient process and updated technology can be given to the operations of manufacturing and services.
Anshuman Magazine, Chairman & Managing Director, CBRE South Asia Pvt. Ltd. delivered the welcome remarks saying that billions of dollars are allocated towards Infrastructure development but still the projects get delayed therefore this conference is focusing on a key issue in the sector – how do we provide consistent, reliable and Efficient Project Delivery.
While delivering his keynote address, Ramesh Sanka, Managing Director, DLF Utilities Ltd. suggested that over the past few years a number of new initiatives have been added in the Project Development space like inclusion of safety in design, technology, land acquisition law, environmental law, training of the manpower for the required skill set in the project development in infrastructure sector, quality control measures to be taken, and indianized solutions as and when required during project development.
Naveen Munjal, Chairman, CII Delhi State Council & Managing Director, Hero Electric Ltd. thanked DrNatchiappan for his address. The infrastructure sector has seen significant surge in investments during the last few years. New Infrastructure Landmarks – T3 at New Delhi Airport (8th largest passenger terminal in the world), Delhi Metro sprawling across 200 kms, expanding telecom network with consumer base of 944 million, emerging new highways & expressways, power plants and sea ports et al are pointers to emerging India growth story.
While infrastructure development has gained significant momentum over the last few years, however the sector of late has been facing considerable challenges on account of policy & regulatory framework, environment & forest related issues, financing concerns etc.
Munjal suggested that moving forward, it’s imperative that Private sector and Government work in sync to make the Infrastructure growth story count. One such critical area of mutual collaboration in Infrastructure per se is Project Management.
Effective Project Managements entails strategies to manage risk which typically include avoiding the risk, reducing the negative effect or probability of the risk, transferring the risk to another party, or even accepting some or all of the potential or actual consequences of a particular risk.
MrMunjal said that the Conference and sessions would discuss the best practices in project implementation and execution and would help us go back very enlightened with inputs and practical solutions that would help in addressing challenges faced by the industry.
Other eminent speakers at the conference were Amit Grover, National Director, Offices, DLF Limited, Dr. Ananya Gandotra, Head Technical Services Group, The Indian Hotels Company Limited, Mr. Shubhendu Srivastava, Director – Technology, Emerson Process Management Power and Water Solutions, Mr. Ashish Mehrotra, Head, Real Estate & Facilities, Bharti Airtel Limited, Mr. Bhumesh Gaur, Vice President, Global Real Estate & Workplace Enablement, American Express Limited, Mr. Rajesh Sivan, Chief – Projects Execution, Fortis Healthcare Limited, Mr. Jitender Tyagi, Director Works, Delhi Metro Rail Corporation and Rajesh Kanade, Head, Project Planning and Control, L&T Construction. Over 150 delegates attended the conference.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
CBRE was the first independent international real estate consultancy to set up offices in the Indian Sub-continent with an office in New Delhi in 1994. Since then the India operations has grown to a network of offices in all the major metropolitan cities. Today with over 2600 professionals, CBRE South Asia Pvt. Ltd. is one of the leading real estate consultants in the Indian subcontinent. We provide our clients with a number of services in the core areas of Strategic Consulting, Capital Markets, Valuations/ Appraisals, Agency Services, Asset Services and Project Management. Our guiding principle has been to provide our clients with tactical and strategic solutions that make real estate holdings more productive and economically efficient.