Economy & Market
Logistics Untapped potential
Published
5 years agoon
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adminThere are many elements that can make "Make-in-India" thrive. A sound industrial policy is one of them, and logistics is certainly another. Right now, logistics costs in India are 13-14 per cent! How it can be brought down to 10 per cent or even below? ICR takes a look.
Logistics-moving goods and connecting producers with consumers-is a critical part of the modern economy. India’s logistics sector is highly defragmented and the aim is to reduce the logistics cost from the present 14 per cent of GDP to less than 10 per cent by 2022, according to an update from the Department of Commerce. India’s logistics sector is very complex with more than 20 government agencies, 40 partnering government agencies (PGAs), 37 export promotion councils, 500 certifications, 10,000 commodities, and 160 billion market size. It also involves 12 million employment base, 200 shipping agencies, 36 logistic services, 129 ICDs, 168 CFSs, 50 IT ecosystems and banks and insurance agencies. Further, 81 authorities and 500 certificates are required for EXIM.
India has been grappling with high logistics costs of 16-18 percent to start with making exports uncompetitive vis-a-vis China, which has lower logistic costs of 8-10 per cent, in the US and Europe it is 8-9 per cent while in Japan it is 11 per cent.
Completing the dedicated freight corridor (DFC) project will free up some of the existing railway network for passenger trains. As Procycon Mukherjee points out in his article, the existing rail network has been designed to move passengers and not freight. Therefore, it is need based to have such a kind of project DFC. Appropriate technology will be used to enable Indian railways to regain its market share of freight transport by creating additional capacity and guaranteeing efficient, reliable, safe and cheaper options for mobility to its users. This is one step in the direction of reducing logistic cost.
DFCs: Regaining market share
Currently, the Indian Railways has lost a significant portion of its goods business to the road sector and has hoped that it would be able regain market share once DFC is operational. Some of the positives of DFC, Indian Railways will run freight train at the maximum speed of 100 km/per hour against the current maximum speed of 75 kmph on tracks. The average speed of freight trains will also be increased from existing speed of 26 kmph on Indian Railways lines to 70 kmph on DFC.
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is a public sector undertaking corporation run by the Government of India’s Ministry of Railways to undertake planning, development, and mobilisation of financial resources and construction, maintenance and operation of the DFCs. While the western DFC will cover 1,504 km from Jawaharlal Nehru Port Trust near Navi Mumbai to Dadri in Uttar Pradesh through Vadodara-Ahmedabad-Palanpur-Phulera-Rewari, the Eastern DFC covers 1,856 km from Ludhiana in Punjab to Dankuni, near Kolkata in West Bengal, and will traverse the states of Haryana, Uttar Pradesh, Bihar and Jharkhand. The Railways plan to complete more than 60-70 per cent of the work in the two corridors this financial year and make them fully operational by 2021.
The three new DFCs will cover 5,769 km. The preliminary engineering and traffic system study of these corridors has already been completed. After the cabinet approval, DFCCIL-a special purpose vehicle set up in 2006 under the railways ministry?will undertake a detailed project planning including plans for land acquisition. While the East-West Corridor (2,328km) will be built between Kolkata and Mumbai, the North-South Corridor (2,327 km) is planned between Delhi and Chennai and the East Coast Corridor (1,114 km) between Kharagpur and Vijaywada.
Inland waterways: Untapped potential
India is blessed with 7,551 km of coastline and about 14,500 km of navigable inland waterways. Yet this sector has remained neglected despite universal acceptance that transportation through waterways, both coastal and inland, is fuel efficient, environment friendly and more economical than rail and road. Of the navigable inland waterways, 4,503 km are national waterways, the development and maintenance of which is the responsibility of the Indian government and the remaining portion is with state governments.
Using waterways for transporting people and goods is nothing new for India. Until about 100 years ago, the Ganga River was a busy waterway that was used for the movement of commodities such as tea, jute, and spices. But with the coming of the railways, this watercourse fell into disuse. At present, according to a World Bank report, India’s freight movement traverses mainly on roads (65 per cent). Railways come next (27 per cent); waterways account for just (0.5 per cent) of the movement. The freight movement on waterways across countries is also much higher in the West and China than in India: In the US, it’s about 8.3 per cent; in Europe 7 per cent; and in China it is 8.7 per cent. There are several reasons why the Centre is so enthusiastic about the waterways project. According to the World Bank, which is financing the National Waterway Project, the cost to transport one tonne of freight over one km for highways is Rs 2.28. It is Rs 1.41 for railways and Rs 1.19 for waterways. Second, its greener means less polluting.
"As per RITES Report of 2014 on "Integrated National Waterways Transportation Grid", one litre of fuel moves 24 tonne km by road, 95 tonne km on rail and 215 tonne km on inland water transport. Third, ferrying goods via waterways is faster than on congested road and rail networks, which slows the movement of cargo, adding to uncertainties, and increasing the costs of trade. Fourth is the pollution cost of traffic bottlenecks.
While there are several positives of the waterways project, any infrastructure development will have environmental costs, and those must be taken into account while evaluating the benefits of the project. This is because while the main infrastructure [waterway] is naturally available in this case, it needs to be "trained, maintained and upgraded" to ensure that the movement of cargo carriers is possible.
One important aspect of this "training" a waterway is dredging, which is required to ensure that the required water depth is maintained everywhere for the goods carriers to pass.
India has six national waterways: the Allahabad-Haldia stretch of the Ganga river (running through Uttar Pradesh and West Bengal); the Dhubri-Sadiya stretch of the Brahmaputra (Assam); the Kottappuram-Kollam stretch of the West Coast canal along with the Udyogamandal and Champakkara canals (Kerala); the Kakinada-Puducherry stretch along with the designated stretches of the Godavari and Krishna rivers (Andhra Pradesh, Puducherry); the designated stretches of the East Coast canal, the Brahmani river and the Mahanadi delta (Odisha); and the Lakhipur-Bhanga stretch of the Barak river (southern Assam). Ships that can travel freely through sea and river channels were first freed from a few provisions of the Merchant Shipping Act in 2011. Incidentally Merchant Shipping Act regulates the movement of ships in the river and in sea. This relaxation is now being significantly expanded to cover more ships. The changes in the Act on river-sea vessels were aimed at reducing the costs of constructing and operating vessels to encourage coastal shipping, inland water transport and trade. It was also designed to encourage the upgradation of existing inland vessels for coastal operations.
A seamless integration of river-sea trade using coastal ships is expected to provide an alternative means of quick discharge and dispersal of cargo from mother ships docking at big ports and their onward movement by sea to various smaller ports along the coast as well as inland locations. As ships built under the river-sea vessel regulations require very little depth to dock, they can load and unload cargo at smaller ports, which is not possible for bigger ships.
The Sagarmala programme is an initiative by the Ministry of Shipping to promote port-led development in the country through harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic location on key international maritime trade routes. Sagarmala’s vision can have a potentially transformative impact on India’s logistics competitiveness and the wider economy.
Road transport and hurdles
There has been a significant increase in the commercial vehicles on the road in the recent times. Increase in commercial vehicles is a reflection of increasing demand for the movement of goods. According to surveys by the Indian Foundation of Transport Research and Training, one in every three trucks in the country is overloaded and they are to blame for 50 per cent of road accidents. In 2011, overloaded trucks accounted for 20 per cent of road accidents and in 2013, around 38,370 people were killed because of these overloaded vehicles.
Most trucks are found overloaded by 25-50 per cent. Senior fellow and coordinator of the Indian Foundation of Transport Research and Training (IFTRT), SP Singh, said: "When a truck is overloaded by 10 per cent, it’s steering and brake control is reduced by 50 and 40 per cent, respectively. Overloading also reduces the productive life of the road by 80 per cent and the productive life of the truck by 30 per cent."
But small-time operators and middlemen who run the majority of the country’s trucks consider overloading a necessary evil. Part of the problem is the industry’s skewed ownership pattern that makes accountability difficult. The problem lay in the lack of implementation of the Motor Vehicles Act. As an example, Singh mentioned the over 260 computerised weighbridges which has not stopped trucks in the capital from getting overloaded.
Around 5,000 cargo operators control the freight movement and only in about 2-3 per cent of the cases do customers access the truck owners directly to book for their goods. S Sriram, the professor of Transport Economics at Mumbai University, attributed the ownership structure to low capital requirements, easily available truck driving licenses, and easy availability of freight. He said the operators regularly loaded their trucks beyond the permissible axle load to maximise each vehicle’s earnings and the consignors of bulk commodities, like fertilisers, steel and cement, overloaded the vehicles in order to get freight service.
It’s a fact that when a truck is overloaded, the control on the steering and brake are reduced. In addition, frequent overloading reduces the productive life of the truck as well as the life of the road. In order to reduce the overloading of trucks and accidents, the Government has taken some major steps. For instance, a high penalty has been proposed in the Road Transport and Safety Bill for those who fail to comply with the new rules, with a suspension of permits for one month upon the first offense and a cancellation of permits if the offense is repeated. But these measurements are not enough to solve the problem as the truck owners or operators are still continuing to load their trucks beyond the permissible axle load to maximise each vehicle’s earnings.
Similarly, the consignors of bulk commodities like fertilizers, steel, and cement, overload the vehicles in order to save on the freight cost. Considering the trip economics, they are willing to pay higher prices to enter the city. In fact, there are a few states that have almost legalised overloading by issuing formal permits; illicit payments mostly clear the way for the vehicles. While there are weighing stations on the highways, it is surprising that many states or cities in India don’t even have check-posts to stop overloaded trucks from entering into the city or a dedicate area such as bridges. So, it appears that the main solution to overloading may lie in the proper implementation and enforcement of the Motor Vehicles Act.
In order to curb overloading, government or transport officers should more aggressively follow the Motor Vehicles Act and take strict actions against the rules violators. With such enforcement of the regulation, we can expect to see lower accidents, a lesser number of casualties and less damage on the Indian roads. All these will lead to higher productivity of the transport companies and that of the logistics sector.
Another problem which is often encountered by the truck operators is so called local truck owners not allowing "outside" truck operators to load consignment at few locations where local truck associations are very strong and classify themselves as local v/s outside. This results in the returning the truck empty after unloading the goods. It leads to waste of fuel and increase in transport cost. Turnaround time of truck is another pain point for easy truck movement. Normally at any factory gate you will find number of trucks parked in hundreds waiting to receive their load. Many factories call the trucks on ad-hoc basis, whereas very few have a system of first in and first out. Use of technology will only improve the scene.
After introduction of GST, crossing the border of a state has become little easy, yet at many places authorities still insist on paper documents creating stoppages to make quick money. Ministry can think of creating flying squads to arrest such harassments.
Rivigo experiment
India needs one million new truck drivers every year for the next 10 years to support the ecosystem and achieve our GDP growth aspiration. It is estimated that India will have 480 drivers for every 1,000 trucks on the road by 2022. The problem is not in the truck driver’s income or skill gaps but is deep-rooted in his terrible lifestyle away from his family. Long periods of absence leading to social disrespect, stigma and a risk perception of the job which makes their families push them to quit their job. Truck drivers play a vital role in freight transportation industry but unfortunately, drivers don’t get their fair share of economic growth. At Rivigo, a start up logistic company is working relentlessly to build a system that strives to improve their socio-economic conditions through couple of measures. It follows relay models that helps over 95 per cent of the pilots (drivers) get back home every day and spend quality time with their families. Rivigo has been an innovator and trend setter in logistics.
This supply demand gap has put pressure on the logistics companies. Every transporter or logistics company cites recruitment and retention of truck drivers as the biggest growth inhibitor for them. This has been also being highlighted in the draft National Logistics Policy council in their latest report.
Relay trucking model
The solution to curb the unprecedented shortage of truck drivers in India is clear -to make truck driving a regular day job using relay trucking. Relay trucking is an operating model innovation where drivers change over after every few hundred kilometres of driving through a network of change-over stops called "relay pit-stops" and then get rostered back to their home base to return to their families every single day. Relay Trucking is better service, more efficient and "Human."
Rivigo has been transforming the sector with their global-first driver relay model and cutting-edge technology to consistently provide unparalleled delivery times and reliability to clients. They are solving the challenges of the logistics industry using technology – be it problems like fuel analytics, route planning, human behaviour analysis or pure-drudgery elimination tasks like auto-alert systems and intelligent decision systems. Their technology obsession has resulted in simple, intuitive technology products gaining quick and easy adoption by the trucking ecosystem stakeholders.
Post demonetisation of high value currency, the logistics industry is grappling with cash shortage which has affected fleet operations across the nation and has crippled the Indian highways. Fleet owners have come to a bottleneck and cash shortage is threatening delivery of goods to consumers and businesses. 90 per cent of trucking spend and 40-50 per cent of the non-trucking logistics spend is rendered in cash.
About 85 per cent of the fleet owners who own less than five trucks spend hard cash towards diesel purchase, which comprises 45-50 per cent of the cost of trucking. Toll charges, which amount to 10-15 per cent of trucking cost and other overheads such as driver wages and vehicle maintenance, are also disbursed in cash. Only EMIs and replacement capex including tyre-related expenses are done to an extent through digital modes such as bank transfers and cheque payments. Overall, road logistics cash spend is estimated to be $100 to $110 billion or Rs 650,000 to 750,000 crore which would easily add up to 40 per cent of the cash in circulation in our economy. This is assuming the multiplier effect of currency that applies both ways, that is, the drivers who now get paid through digital modes will largely continue to spend through digital modes (also enabled by the current push towards cashless economy) Operations in the trucking sector can be made entirely cashless through the use of E-POD to get direct payment transfers from customers, automated bank transfers with the breakthrough same day settlement for brokers, integrated payment solutions with fuel companies for dealer payments and toll payments can be achieved through NHAI initiative on FASTag through RFID tags and wallet solutions. Also, fleet owners can remunerate truck driver wages, reimbursements and incentive payments directly through the Jandhan accounts.
Apart from digitisation and faster turnaround of trucks, cashless trucking economy will bring significant second order benefits. It will ensure less inefficacy owing to proper accounting of cash-related wastages (fuel, toll payments), eliminating instances of kerosene mixing by drivers and poor quality roads" usage to avoid toll cash, which also directly leads to the poor health of the fleet and poses a safety hazard. On the other hand, drivers will face less harassment from RTO and sales tax officers on highways and check posts. It will also improve road safety and adherence to regulations as it is a level playing field for non-compliant and compliant fleet owners, ending overloading and violation of safety norms. Truck drivers, loaders and all the large skill pools can be brought into the mainstream economy and will qualify for loans from financial institutions. Furthermore, it will also ensure employers and contractors pay minimum wages to workers in this sector. Lack of in-hand cash will reduce instances of substance abuse (including alcohol) and negatively impact the commercial sex worker trade on the highways which often leads to contraction of HIV amongst truck drivers.
There is short term pain to the sector due to lack of cash but in the long term, it can turn around the sector completely by making it efficient and safer and contribute significantly in making India cashless.
Now coming to cement specific, where subject is little different. In cement around 30 per cent cost is incurred on logistics, which is substantially higher than the general industry norms. There is enough scope to bring it down and companies like Shree Cement are setting an example. Cement plants need to make extensive use of technology to bring down the cost. In many places cement plant uses a mixed model of railways and road for dispatch of cement but there are few locations like Gagal (Burmana) where only road movement is possible since rail head is absent. Many of the hurdles explained above are quite pronounced in cement industry and need to be tackled on war footing. Taking advantage of present economic slowdown, there can’t be better time to undertake such initiatives.
– VIKAS DAMLE
Economy & Market
RAHSTA to submit policy recommendations to NHAI
Published
8 hours agoon
October 11, 2024By
Roshna- RASHTA Expo 2024 and 10th India Construction Festival (ICF) receive grand reception from infrastructure industry
- 10th India Construction Festival 2024 awards over 75 companies from infrastructure industry
- At the 14th RAHSTA Expo – India’s first indoor trade fair for the construction equipment technology – more than 100 companies showcase their latest technologies, products and solutions for building a strong infrastructure
- A M Naik, Chairman Emeritus of L&T, and Mofatraj Munot, Group Founder, Promoter and Chairman of Kalpataru Group, were bestowed with Construction World (CW) Lifetime Achievement Awards
- Dineshchandra Agrawal, CMD, Dineshchandra R Agrawal Infracon Pvt Ltd (DRAIPL) was honoured with the CW Person of the Year (Private Sector) award
- Jaideep Shekhar, MD, Terex India, was recognised as the “Equipment India Person of the Year 2024”
- More than 50 speakers discussed innovative technologies, sustainable practices, and funding opportunities for the roads sector at 14th India RAHSTA (Roads) Conference
Mumbai, 10 October 2024
The 10th Edition of India Construction Festival (2024) – comprising 14th RAHSTA Expo, 14th India RAHSTA (Roads) Conference, 12th Equipment India Awards and 22nd Construction World Global Awards – received a big thumps up from industry leaders of the construction and infrastructure industry for recognising the industry’s contribution to the nation building by awarding & celebrating its success.
Held on October 9-10, 2024, at Jio World Convention Centre, BKC, Mumbai and hosted by infrastructure think-tank FIRST Construction Council in partnership with Construction World (CW) and Equipment India (EI) magazines, India Construction Festival 2024 honoured over 75 companies in the infrastructure and construction equipment sectors with awards under various categories.
The 14th RAHSTA Expo – India’s first indoor trade fair for the construction equipment technology – provided a platform to more than 100 companies for showcasing their latest technologies, products and solutions that are crucial for the development of a strong infrastructure. The RASHTA Expo and conference united all stakeholders in the infrastructure sector, including policymakers, industry professionals, and supporting industries such as financial institutions and technology providers. This gathering aimed to showcase integrated solutions for challenges within the construction industry and establish best practices for efficiency.
Sanjay Bhatia, Upa-Lokayukta, Government of Maharashtra along with Vipin Sondhi, Chairman, RAHSTA Expo Committee, inaugurated the RAHSTA Expo. Speaking at the inaugural session, Sanjay Bhatia, who has been instrumental in projects like Atal Setu, NAINA region, Mumbai East Coast Marina, Sagarmala during his stints leading CIDCO, Mumbai Port Trust etc., expressed his delight at the huge display of construction technology at the expo, “The RAHSTA expo has put the construction industry on an international standard. India is experiencing nation building at a robust pace and I am truly impressed with the work being now done by our youth with their start-ups many of which are showcasing their innovation here at this expo.”
Launching his to-be-released book ‘Tarmac to Towers – India’s infrastructure story’, Pratap Padode, Founder, FIRST Construction Council stated, “RAHSTA Expo is a paradigm shift in exhibition presentation for the construction industry. It has drawn 4000 quality business visitors who have had fruitful discussions with material manufacturers and OEMs of equipment and technology. The RAHSTA Expo has brought together road contractors, developers, financiers, material manufacturers, equipment OEMs, government authorities and engineering firms on the same platform to share from each other.”
Speaking at the inauguration, Pam Mcfarland, Senior Editor, Engineering News – Record (ENR), said, “India and the USA deals with a lot of similar issues such as flooding, hurricane, etc. Billions of dollars are being poured into construction, roads, and variety of transportation which has climate and environmental resilience focus. In India, pace of road construction has increased manifold. I am looking forward to learn more about what’s going on in India and particularly resilient materials in roads and bridge construction.”
Vipin Sondhi, Chairman, RAHSTA Committee, and former MD & CEO, Ashok Leyland & JCB, said, “This occasion is not just a gathering but reflects our collective strides in shaping the future of India’s highway sector. This sector is not only critical for economic growth but is the backbone of physical connectivity that binds our nation together. The union budget reflected the priority of the sector and allocated Rs 2.7 trillion for Ministry of road transport and highways (MoRTH). India’s road network is the second largest and it moves not only goods, people but drives opportunities of inclusivity and development. National highway construction has seen a remarkable upward trajectory, growing at 9 per cent CAGR from FY2016 to FY2024.”
The 14th India RAHSTA Conference (IRC) convened policymakers, industry leaders, and experts to explore innovative technologies, sustainable practices, and funding opportunities aimed at transforming the road construction landscape in India.
Padode stated, “India has the distinction of the second largest road network in the world. In the last 10 years, the speed of road development has increased manifold, and today we are building roads at the rate of 30-37 km per day. But, we need to build roads and bridges of the best quality that can last for 100 plus years. With rising environment and climate change concerns, India need to promote climate and disaster resilience in the infrastructure development process. RASHTA conference provides an ideal forum to discuss, debate and form strategies for building more sustainable, resilient infrastructure projects.”
During the conference Ashish Kumar Singh, Chief General Manager – Finance, National Highway Authority of India (NHAI) has asked FIRST Construction Council to submit policy recommendations based on deliberations and discussions at the RAHSTA conference and expo.
The two days of RAHSTA Conference paved the way for fruitful engagement and informed participants about novel technologies, strategies and processes required to build a resilient infrastructure.
With over 50 speakers, participants gained valuable insights through engaging panel discussions, thought-provoking keynotes, and displays of cutting-edge innovations at IRC 2024. The event enhanced understanding of industry trends and facilitated important partnerships, contributing significantly to the development of safer, greener, and more efficient road networks.
On the occasion, seven RASHTA Awards were presented in various categories such as Award for best in Road Engineering & Construction, Bridge Engineering, Road Financier, technology in road building, project management, project execution, etc.
CW Global Awards presented to 50 construction industry leaders
The awards were presented at a dazzling ceremony attended by leading figures from the construction industry, including V Chandrashekar, MD & CEO, GMMCO; Sarat Chandak, CEO, H&R Johnson; Srikrishna Subramanian, Director & Sr. VP – HR, GA & ICT, Komatsu India; R K Bansal, Executive VP & Head – Roads, Larsen & Toubro; Anil Kumar Singh, MD, APCO Infratech; Ashish Kataria, Ashoka Buildcon, Director; Rajeev Mishra, CFO, H G Infra Engineering; Sudhir Hoshing, CEO Execution, IRB Infrastructure Developers; Nalin Gupta, MD, J Kumar Infraprojects; Suhas Eklahare, Director, NCC; Kavita Shirvaikar, MD, Patel Engineering; Yancharla Rathnakara Nagaraja, MD, Ramky infrastructure; Sandeep Garg, CEO & MD, Welspun Enterprises; B R Parthasarathy, Sr VP & Head-Infrastructure Cluster, Tata Consulting Engineers; Shammi Khurana, VP – Execution, Civil, KEC International; and Puneet Singh Narula, CEO & Director, Ceigall, among others.
The 22nd Construction World Global Awards brought together top construction industry leaders, experts and policymakers. CW Global Awards were presented to 50 companies such as Berger Paints, Century Plyboards India, GMMCO, H&R Johnson, Komatsu India, Larsen & Toubro, Afcons Infrastructure, APCO Infratech, Ashoka Buildcon, DRAIPL, H G Infra Engineering, IRB Infrastructure Developers, ITD Cementation India, J Kumar Infraprojects, NCC, Patel Engineering, PNC Infratech, Ramky Infrastructure; Welspun Enterprises; Shapoorji and Pallonji, Tata Consulting Engineers, KEC International, and Kalpataru Projects International, among others in different categories. The CW Global Awards and ENR Awards offered a platform to acknowledge and celebrate the innovation, dedication, and outstanding accomplishments of individuals and companies in the construction industry, raising the standard for future endeavors.
A M Naik, Chairman Emeritus of Larsen & Toubro (L&T), and Mofatraj Munot, Group Founder, Promoter and Chairman of Kalpataru Group, were bestowed with CW Lifetime Achievement Awards, for their incredible contribution to the growth of not just their companies, but also of the industry.
A M Naik commented, “I would like to extend my gratitude to the jury of the 22nd Construction World Global Awards and to the entire team at First Construction Council and Construction World magazine for this honour. To be recognised in this way, for contributing to a sector that has been a passion of mine for decades is a moment of great pride. Not just for me but for all those who have been a part of this journey. I have been fortunate to work with some of the brightest minds and most committed professionals, and I share this award with them. It is through their dedication and innovation that we have been able to achieve so much and propel both our company and the industry forward. Over the years, we have seen immense transformation in technology processes and practices, and it is heartening to witness how this industry continues adapting to new challenges while always looking to build better and smarter. This recognition from Construction World serves as a powerful reminder that our efforts to drive progress, innovation, and sustainability have been noticed.”
While accepting the award, Mofatraj Munot said, “A project can progress successfully only with the support of right equipment. Timely and quality completion depends on having reliable machinery at the site. I vividly remember, back in 1980s, I used to visit Bauma in Germany to see the latest machines because, at that time, India lacked a platform to showcase innovative equipment. Today, thanks to efforts like those of Construction World, we have access to all these machines right here in India. I want to express my gratitude to Construction World for the award.”
Dineshchandra Agrawal, CMD, Dineshchandra R Agrawal Infracon Pvt Ltd (DRAIPL) honoured with the prestigious Construction World Person of the Year (Private Sector) award.
Expressing deep gratitude to the Jury and Construction World for selecting him for the award, Dineshchandra Agrawal said, “This field is my passion, and I believe we are contributing to nation-building by generating employment and fostering growth. Also, it is important to mention that the construction equipment industry has been playing a key role as an enabler to build a strong, sustainable India. With the ‘Viksit Bharat’ vision, I hope we become a developed country where businesses thrive, and government policies support fair and transparent contracts. I dedicate this award to all the individuals and organisations that have been part of my journey and supported me throughout. It is because of their encouragement that I am receiving this recognition today.”
Equipment India awards 22 industry leaders
The eagerly awaited 12th Equipment India Awards 2024, presented by BKT, brought together industry leaders, top construction equipment manufacturers, and components & accessory suppliers to recognise and celebrate excellence and innovation in the construction equipment sector. Some of winning companies included Schwing Stetter India, Sany Heavy Industry India, Ammann India, Schwing Stetter India, Caterpillar India, JCB India, Tata Hitachi Construction Machinery, Action Construction Equipment (ACE); BEML Limited, Doosan Bobcat India, LiuGong India, AJAX Engineering, Case Construction India, etc.
A key highlight of the evening was the announcement of the Equipment India Person of the Year 2024, awarded to Jaideep Shekhar, MD of Terex India. The jury recognized Terex India’s impressive growth under Shekhar’s strong leadership.
Jaideep Shekhar said, “I’m deeply grateful to the Jury and Equipment India for this remarkable honour. This award reflects not only my contributions but also the dedication and hard work of my team. I have been associated with the industry for more than 25 years, and this award motivates me to keep pushing boundaries and to lead the growth with integrity.”
Equipment India and Smart Manufacturing & Enterprises (SME) also hosted a CE Panel Discussion – titled RAHSTA (Road) Ahead for CE Industry – to deliberate on opportunities and future trends in the construction equipment (CE) industry. Panelists of the panel discussion – moderated by Ranjan Sharma, Senior Director – Large Corporate Ratings, CareEdge Ratings – included Dimitrov Krishnan, MD, Volvo CE India Pvt Ltd; Sandeep Singh, MD, Tata Hitachi Construction Machinery Company Pvt Ltd; Shalabh Chaturvedi, MD for India & SAARC region, CASE Construction Equipment; SP Rajan, VP and Head Plant & Machinery, L&T Construction; Sanjay Koul, President – India and SE Asia and MD – India, The Timken Company; and Sitaram Ganeshan, President, Wipro Hydraulics.
Partnership galore
The industry’s overwhelming support was evident from the numerous partnerships it was able to garner as below:
- 22nd Construction World Global Awards: Powered by BKT, Varindera Construction as the Platinum Partner, ITD Cementation, Gmmco, and Dinesh Chandra R. Agrawal Infracon Pvt. Ltd. as Gold Partners, Liugong as the Silver Partner, TATA Hitachi as the Equipment Partner, LivSYT as the Technology Partner, and Shyam Steel and Action Construction Equipment as Association Partners.
- 12th Annual Equipment India Awards: Presented by BKT, Timken as the Platinum Partner, TATA Hitachi as the Equipment Partner, and Schwing Stetter and Action Construction Equipment as Association Partners.
- India RAHSTA Conference: Presented by BKT, Timken as the Gold Partner, Liugong and Nemetschek India as Silver Partners, TATA Hitachi as the Equipment Partner, LivSYT as the Technology Partner, and Action Construction Equipment as the Association Partner.
- RAHSTA Expo: Hosted by MSRDC as the Host State Partner, Birla Pivot as the Powered By Partner, AF Star as the Platinum Partner, ArcelorMittal Nippon Steel India as the Gold Partner, NPL Bluesky Automotive as the Silver Partner, Mahindra Construction Equipment, Terex, Shyam Steel, and PNC Infratech as Associate Partners, TATA Hitachi as the Equipment Partner, Volvo as the Badge Partner, SANY as the Lanyard Partner, Steel Authority of India as the VIP Lounge Partner, and Automark Industries as the Bag Partner.
- 10th India Construction Festival: Larsen & Toubro as the Gold Partner, TATA Hitachi as the Equipment Partner, and Action Construction Equipment as the Associate Partner.
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Contact:
For exhibitor enquiries (for RAHSTA Expo 2025), contact Sujoy Gomes on Mob: +91 86577 95881, or Email:sujoy.g@asappinfoglobal.com Office: 022-3103 3000
Concrete
International seminar on Advances in Bridge Management hosted in Bengaluru
Published
5 days agoon
October 7, 2024By
adminThe International Seminar on “Advances in Bridge Management” took place on September 25-26, 2024, at Hotel Lalit Ashok, Bengaluru. Organised by the Indian Road Congress in association with the Ministry of Road Transport & Highways, Government of India, and the International Road Association, the seminar brought together top professionals from around the world. It was inaugurated by Nitin Gadkari Union Minister for Road Transport & Highways, Government of India.
Over the course of two days, 24 distinguished speakers shared their insights on the latest innovations and challenges in bridge construction and management. The event featured 12 international experts from countries including the USA, Canada, Germany, Hungary, Spain, France, Japan, Korea, the UK, and Australia, alongside 12 Indian speakers identified by the Indian Road Congress, Ministry of Surface Transports, and the International Road Association.
During the event, Dr S B Hegde, Professor, Department of Civil Engineering, Jain College of Engineering and Technology, Hubli and Visiting Professor, Pennsylvania State University, USA, delivered the first keynote presentation on “New and Sustainable Materials & Technologies in Bridge Construction”. “My session focused on the potential of innovative materials such as Photocatalytic Concrete, Self-Healing Concrete, Basalt Fiber-Reinforced Polymers, and Nanocomposites to improve the longevity and sustainability of India’s bridge infrastructure. This was particularly crucial as the design and construction of bridges for a 100-year service life demand advanced materials and techniques,” said Dr Hegde, who is also the Editorial Advisory Board Member of Indian Cement Review (ICR).
The response from the audience, including engineers, industry professionals, consultants, and academicians, was overwhelmingly positive. The seminar emphasised the importance of updated IRC codes, project preparation, and bridge health monitoring systems in achieving sustainable infrastructure development in India.
This seminar underscored India’s commitment to innovative solutions for infrastructure, setting the stage for future advancements in bridge management and construction.
The April-June 2024 quarter posed a challenging period for India’s cement industry, with softer prices putting pressure on the topline of many firms. While volume growth has been steady, muted revenues underline the pressing need for a price revival, which experts anticipate in the second half of fiscal 2025. However, the dip in revenue is counterbalanced with the spirit of optimism.
Given the Indian government’s ambitious infrastructure plans, involving a $1.7 trillion investment by 2030, the Indian cement companies are set to invest $14.3 billion over the next four years in capacity expansion.
However, with growth comes responsibility. The cement sector, being one of the most energy-intensive industries, is under increasing scrutiny for its environmental impact. As India marches towards becoming a global leader in sustainable development, all leading cement companies are aligning their strategies with decarbonisation goals, setting Net Zero targets for the coming decades. This commitment reflects the larger trend of industries embracing green manufacturing operations as both an ethical responsibility and a competitive advantage.
A significant part of this transformation will be powered by renewable energy. By 2030, India’s cement sector is estimated to add up to 5 GW of renewable energy, a crucial step towards reducing the industry’s carbon footprint.
The path forward also involves adopting the principles of a circular economy, which will be pivotal in minimising waste, reusing resources, and ensuring long-term sustainability. As we look ahead, it’s clear that the cement sector’s focus on energy efficiency and sustainability will not only help meet climate targets but also foster prosperity and growth in the years to come.
Further, ASAPP Info Global Group (the publisher of ICR) is hosting the RAHSTA (Roads & Highways Sustainable Technologies & Advancements) Expo from October 9-10, 2024 at the Jio World Convention Centre, Mumbai, to showcase latest developments in technologies and materials used for road construction. To know more, visit www.RAHSTAexpo.com
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