Road projects/Highways projects in India are awarded based on the Public Private Partnerships (PPP) model. As a part of this operating model, the highway contracts are awarded under one of the following three models – Build-Operate- Transfer (BOT)-Annuity, BOT-Toll, and EPC (Engineering, Procurement and Construction) contract. The BOT-Toll and BOT-Annuity were the commonly adopted…
Bharatmala Pariyojana is a new program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across the country. The press release states, “Bharatmala is a new umbrella program for the highways sector that focuses on optimizing efficiency of road traffic movement across the country by bridging critical infrastructure gaps.” The Bharatmala project is an…
For several months (and even a few years) now, we’ve watched all the major airlines in India report losses, tank in the stock market and struggle with operational challenges. The biggest jolts, however, were due to airlines shutting shop, whether temporarily or for good. Jet Airways, which was the largest airline in India in its heyday, has now suspended operations until it finds a taker which…
The Indian auto-industry has been at it with the Government for a few months now – with different Ministries and Government bodies proposing varying diktats on one hand to the counter coming from the industry either in the form of aggressive public statements by its leaders or with the latter throwing up its hands after having pulled on the empathic chords of unemployment caused by some of…
Application of artificial intelligence in manufacturing sector in India is presently growing at a compound annual growth rate of 49.5%. The market of the manufacturing industry is expected to be evaluated at $1 billion in 2019. It is forecasted to grow up to $17 billion by 2025. These figures paint a vivid landscape of definite need and an ultimate scope for any manufacturing business with AI…