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We intend to tap housing segment for sale of precast products

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Yashovardhan Daga Executive Director, RBBR Infrastructure

Indian construction industry is now slowly embracing precast building technology. Improving socio-economic development has increased demand for affordable housing. Indian government is planning to provide subsidies for builders to meet the shortage of 25 million affordable apartment buildings. Precast is also popular for commercial projects. With growing number of infrastructure projects initiated Precast industry is set to boom in India. The technology has been proven to be a good solution for ensuring work safety and dealing with shortage of skilled labour in the building industry. ICR interacted with Yashovardhan Daga, to understand the growth potential of the sector.

How is precast market evolving in India?
Precast is mostly suitable to companies that take up huge building projects that could be constructed from repetitive simple units. For example, large building companies. However, the demand from such companies is so large that they have their own precast units. So large companies build precast structures for their own captive consumption. Small contractors on the other hand come to precast manufacturers only when they get desperate. They come to us when five months of the six month project are over and now they have to rapidly finish a large chunk of the project in the remaining one month. They might be facing labour shortages and precast is their only way out.

Builders do understand the merit of precast, but the economics do not permit them to setup their own precast units. However, they are getting inspired from success of other builders exploring precast structures and are slowly moving to this method of building. We intend to tap housing segment for sale of precast products.

Why are large infrastructure companies not owning their own precast unit?
It is not necessary that all infrastructure building companies will opt for having a captive precast unit. For example, L&T is one of the largest infrastructure company in India, but they are not setting precast RCC pipe manufacturing units everywhere. Precast RCC pipe manufacturing is not their core business. Neither can one guarantee today how the infrastructure growth will be tomorrow. Today we have lots of road projects in hand, but five year down the line we may not have that many road building projects. So it will be better to outsource precast material, than to have your own unit.

How is the demand for concrete in India?
Concrete is a pretty standard product and there is always a certain amount of demand for this product in the market. However, the demand is low. We are not exactly in the concrete manufacturing business, but we keep interacting with equipment suppliers and we know that the demand is low. However, concrete market in India is large and unorganised and a lot of concrete manufacturing goes unreported.

How is availability of aggregates affecting the business? And what can be done to alleviate the issue?
We are facing aggregate shortage due to ban on mining. In India several mining operations are put to halt for environmental reasons. However, this is not a problem that cannot be solved. Concrete is manufactured in European countries too. European nations have some of the most strictest norms when it comes to environment. If aggregates and concrete can be manufactured there, then India too can find a way to manufacture it here.

One critical aspect here is that in India we do not have concretologists. If you look at the websites of international concrete suppliers, they give in-depth technical details of the material being supplied. Here we are rarely bothered about such details. Yes, we have shortage of aggregates, but then why are we not using granite as aggregate material, which is available in plenty. We are a bit hesitant when it comes to trying out a new technology.

What government initiatives can help precast industry?
Taxation must be rationalised for precast manufacturers. Just because we have a factory we are taxed extra. We often lose customers to competitors who are evading taxes. When a builder purchases a unit from us, they have to pay the VAT as well as Excise. This is an extra burden of around 15 per cent tax on the precast manufacturing industry. We are contributing to construction activity directly and should be treated as construction contractors while designing a tax policy that affects us.

What do you look at while selecting a vendor for suppling equipment?
While selecting a vendor, our first priority is to look at service quality. They must provide support in maintenance of the equipment. If we are churning out tonnes and tonnes of material on a daily basis, the machine is going to require maintenance too. So we want our equipment providers to support us when we need it. This is very important if we are trying a new product for the first time. We expect the vendors to support us for first two months at least. Second is price, but not at the cost of quality.

What about Chinese products? How is their quality?
I have not purchased any thing from china, but I have been visiting the Chinese market and their exploring equipment market. From what I have seen, there is nothing wrong with the quality of Chinese equipment. I saw that their customers are happy, both in and out of China. So, I feel that it is a myth that just because something is from China, its quality is bad.

Chinese manufacturers are perhaps falling short when it comes to marketing skills. We saw that a Chinese company may be selling 1 million units, but when we interact with their people we do not get satisfying answers to our queries. However, when we examine their equipment we do not see anything wrong with it. So I feel that it is just a language barrier.

We rarely develop indigenous products. Are we falling short on technological front?
I think that technology wise we are not lagging behind. A country that can build rockets can also build machinery for precast products. But we have to grow our appetite to take-on challenges. For example, there are only a few big precast manufacturers in India. But if one contacts them for a new product, then they have to contact their foreign partner for the know-how. We must learn to be come self sufficient and develop products indigenously.

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India, EU Resume Talks To Finalise Free Trade Agreement

High-level negotiators meet in Delhi to push balanced trade deal

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A senior delegation from the European Union (EU) is in New Delhi from 3 to 7 November 2025 to hold detailed discussions with Indian counterparts on the proposed India–EU Free Trade Agreement (FTA). The negotiations aim to resolve key pending issues and move closer to a comprehensive, balanced, and mutually beneficial trade framework.

The visit follows Union Minister of Commerce and Industry Piyush Goyal’s official trip to Brussels on 27–28 October 2025, during which he held forward-looking talks with European Commissioner for Trade and Economic Security Maroš Šef?ovi?. Both sides reaffirmed their commitment to intensify dialogue and strengthen cooperation towards finalising the FTA.

This week’s deliberations will focus on trade in goods and services, rules of origin, and technical and institutional matters, guided by the shared goal of creating a modern and future-ready trade pact that reflects the priorities and sensitivities of both India and the EU.

The discussions gained further momentum after a virtual meeting on 3 November 2025 between Minister Piyush Goyal, Commissioner Maroš Šef?ovi?, and EU Commissioner for Agriculture and Food Christophe Hansen, which helped align positions on key areas of mutual interest.

As part of the ongoing negotiations, Ms. Sabine Weyand, Director-General for Trade at the European Commission (EU DG Trade), will visit New Delhi on 5–6 November for high-level consultations with India’s Commerce Secretary Rajesh Aggarwal. The talks will address technical and policy matters critical to concluding the agreement.

The EU delegation’s visit underscores the shared determination of India and the European Union to conclude a fair, transparent, and equitable FTA, aimed at boosting trade, investment, innovation, and sustainable economic growth.

Both sides view the FTA as a strategic pillar in their partnership, capable of enhancing market access, creating new opportunities for businesses, and promoting a resilient and diversified global supply chain.

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Om Birla: World Sees India as a Key Investment Destination

Speaker says India’s democracy and growth draw global confidence

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Lok Sabha Speaker Om Birla on Thursday said that the world is increasingly looking to invest in India, drawn by its vibrant democracy, rapid economic expansion, and technological prowess. Speaking at the 125th Anniversary Celebrations of the Bharat Chamber of Commerce in Kolkata, themed “India@100: An Age of a New Dawn,” Birla said that under the visionary leadership of Prime Minister Narendra Modi, the nation is steadily advancing towards becoming a global economic powerhouse.

He emphasised the government’s commitment to building a business-friendly environment, driven by the principles of minimum government, maximum governance. The administration, he said, is focused on reducing bureaucratic hurdles, expanding industrial capacity, and encouraging innovation. Birla also urged the private sector to invest more in research and development (R&D) and strive to meet global standards, assuring that the government will complement such efforts to strengthen India’s innovation-led growth.

Praising the Bharat Chamber of Commerce, Birla called it a source of inspiration for business chambers across India. He lauded its 125-year legacy of resilience, foresight, and public service, recalling its origins as the Marwari Chamber of Commerce. The Chamber, he noted, has played a key role in India’s industrial, social, and economic transformation and in promoting corporate social responsibility.

Birla observed that India’s success as a democracy lies in its stability, inclusiveness, and deep cultural roots. “Democracy in India is not just a system of governance, but a way of life,” he said, adding that the nation’s robust institutions ensure policy continuity and investor confidence, both crucial for long-term growth.

He stressed that where democracy thrives, sound policy decisions and effective implementation follow, creating a foundation for sustainable development. Birla also highlighted India’s rise as a global innovation hub, driven by strong public–private partnerships in technology and R&D, which are propelling India into leadership positions in emerging industries.

Touching on inclusive growth, Birla noted that the increasing participation of women and youth reflects India’s social transformation. He highlighted women’s growing role across sectors and said they will remain pivotal in shaping a self-reliant and developed India. Similarly, he praised India’s youth and entrepreneurs for driving creativity, enterprise, and innovation, shaping the country’s future with energy and vision.

Reaffirming the vision of Atmanirbhar Bharat, Birla called for stronger collaboration among industry, government, and academia to build a resilient, self-sustaining economy. He also underlined India’s emerging leadership in clean and green energy, expressing confidence that the country will play a leading role in addressing climate and environmental challenges globally.

Acknowledging West Bengal’s historical contribution to India’s growth, Birla said the state has long been a cradle of intellectual, cultural, and industrial excellence. He noted that Bengal has produced eminent thinkers, reformers, poets, and industrialists, and continues to inspire the nation with its enduring spirit of innovation and enterprise.

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Mumbai Metro, Monorail Told To Submit Disaster Plans

BMC orders SOPs and drills to strengthen emergency preparedness

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The Brihanmumbai Municipal Corporation (BMC) has directed Mumbai’s monorail and metro operators to submit detailed emergency management plans and Standard Operating Procedures (SOPs) for review, as part of efforts to bolster the city’s overall disaster preparedness framework.

The directive was issued during a meeting of civic authorities responsible for disaster management, held at the BMC headquarters on Wednesday. The session was convened to assess Mumbai’s emergency response mechanisms following the monorail breakdown near Bhakti Park, Chembur, on 19 August, which left several passengers stranded for hours due to a technical malfunction.

Dr Vipin Sharma, Chairperson of the Mumbai Suburban District Disaster Management Authority and Additional Municipal Commissioner (Western Suburbs), emphasised that the city’s monorail and metro systems must be integrated comprehensively into Mumbai’s emergency management strategy. He noted that these rapidly expanding networks require independent consideration given their critical role in public mobility.

Dr Ashwini Joshi, Chairperson of the Mumbai City District Disaster Management Authority and Additional Municipal Commissioner (City), instructed that mock drills be held regularly at all metro and monorail stations to assess and enhance emergency response capabilities.

Meanwhile, Dr Amit Saini, Additional Municipal Commissioner (Eastern Suburbs), said the session was aimed at reviewing coordination and readiness among key agencies in light of Mumbai’s expanding transport infrastructure. He stressed the importance of inter-agency collaboration to ensure rapid and efficient response during emergencies.

Professor Dr Ravi Sinha from the Indian Institute of Technology (IIT) Bombay commended the coordinated handling of the August 19 monorail incident, which involved the BMC’s disaster management department, Mumbai Fire Brigade, and other civic response teams.

Officials concluded that strengthening communication channels, training exercises, and real-time coordination between agencies would be central to improving the city’s ability to respond swiftly to future incidents involving its transport systems.

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