A Boom In Thermal Power Sector Is Envisaged
Mr. Anil K. Bishnoi
Complete Dewatering Systems Pvt. Ltd.
Civil Engineering & Construction Review: How would you rate the performance of your organization in 2019 vis-à-vis 2018? Please mention as: (a) same (b) marginally better (c) marginally lower (d) significantly better (e) significantly lower.
Anil K. Bishnoi: The year 2019 has been significantly better with regard to overall business as compared to 2018 and 2017. With more infrastructure projects in action and also coming up in the near future, there are high hopes of further increase in business in the construction industry in the coming years.
Some of the important projects currently in active stage are: nuclear fuel reprocessing plant at Kalpakkam (Tamil Nadu); Thermal plants at Kudgi (Karnataka); Lara Thermal plant (Raigarh); NPCIL, Gorakhpur Haryana Anu Vidyut Paryojna (Haryana).
Further, the several projects, which are coming up are long term projects, such as nuclear power projects, and dams and barrage projects. Also, a boom in thermal power sector is envisaged, which should bring in more business.
CE&CR: What is your view about growth and development of construction and related sectors in the next five years?
Anil K. Bishnoi: The construction sector looks optimistic with firm public and private investment in infrastructure and cost-reducing tax reforms. We estimate the Goods and Services Tax (GST) and the Real Estate Development and Regulation Act (RERA) should cut direct costs of construction by 2 per cent to 4 per cent, through greater transparency, streamlining and less duplication of tax.
Further, government-led initiatives have been the key drivers for construction, attracting investment in urbanisation, high-tech manufacturing and the health sector. India’s ambition as the knowledge economy of Asia, is driving investment in research and development. The ‘Make in India’ initiative is encouraging investors to establish manufacturing plants in India, fuelling construction activities related to the automobile, defence, food processing, pharmaceutical and health sectors. The health sector is set to grow 20 per cent by 2020 to support demand from rural areas.
CE&CR: Please say a few words about CE&CR as your regular companion.
Anil K. Bishnoi: We have been closely following on your monthly magazine CE&CR. We are able to know the latest innovations/techniques in construction machinery. Improving productivity and curbing wastage are some of the things we learn from your magazine. Keep up the good work.
Civil Engineering & Construction Review is a leading monthly news journal, launched in 1988, at New Delhi, India by Trend-Set Engineers Pvt. Ltd. Its dedication to reader satisfaction and also towards fulfilling the ever - growing needs of the construction profession, makes CE&CR the first choice of all those connected with the construction industry.