Projects worth Rs 1-lakh cr Under Collaboration with Germany | Infra Bazaar

India and Germany are collaborating on projects worth Rs 1 Lakh Crore. The ties have built up to augment India’s infrastructure plans to provide better connectivity to ports, Union Minister Nitin Gadkari today said.

Leading a German delegation, Transport Minister Alexander Dobrindt, had a detailed meeting with Mr. Gadkari focusing on various aspects of infrastructure development.

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Road Transport, Highways and Shipping Minister Gadkari conveyed that, "We have sought Germany's co-operation in developing our infrastructure and planned out an investment of Rs 1 lakh crore. The investment would help develop infrastructure projects including railways to provide connectivity to our ports and it would be undertaken by Indian Port Rail Corporation Ltd (IPRCL)."

Mr. Gadkari said the companies IPRCL and the German Railways Deutsche Bahn (DB) are collaborating on several areas like connecting ports to railways networks and connecting with waterways and roads. Mr. Gadkari further said the meeting was fruitful and strengthening it further it will help deepen the ties.

Memorandum has been signed between IPRCL and DB during the Maritime India Summit earlier this year. The pact calls for co-operation port rail facilities of Indian ports and on modernization of rail port connectivity.

Under the ambitious Sagarmala program Government of India has already proposed to engage IPRCL for the port connectivity projects. Also to implement 22 projects under Sagarmala program, Government has already entrusted the job to carry out feasibility analysis to the corporation.

Subject to the feasibility report of IPRCL of these 22 projects, 10 projects are likely to be completed during 2017-18 and during 2018-19 7 projects are likely to be completed. Five projects are at survey/detailed project report (DPR)/land acquisition stage, as per the government.

Last-mile rail connectivity of ports holds significance for efficient evacuation of cargo from ports and to reduce logistics cost. IPRCL has been set up specifically to work in this area.

It was proposed in the meeting to form groups with representatives of IPRCL and DB to identify areas of co-operation and identify potential projects along with implementation of cost effective measures and new rail technologies. 

This would help bring in foreign investment and cost effective, environment friendly, innovative technology for the port-rail connectivity projects.

The Tower at Dubai Creek Harbor will be the Worlds Tallest Tower by 2020

UAE Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, made the marking for an iconic tower that will be the world’s tallest tower when completed in 2020 at Dubai creek harbor called “The Tower”.

The majestic tower will delineate a new skyline which will feature grand observation decks with a 360 degree view of the city embracing the future with advanced digital lifestyle features. The Tower will further strengthen the UAE’s reputation of building innovative monuments and structures which will be considered as a marvel in architectural engineering and construction. The project will even eclipse Burj Khalifa which is the tallest building in the world so far.

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The Tower will be built in a 6 sq km area at Dubai Creek Harbour. The mega-structure will be located just 10 minutes from the Dubai International Airport and will serve as a pivotal project for tourists and visitors from around the world. The Tower is designed by Spanish/Swiss architect and engineer Santiago Calatrava Valls. The waterfront development is a joint venture between Emaar Properties and Dubai Holding. It is located just off the Dubai Creek which is the birthplace of Dubai’s history and culture; it is also in close proximity to the Ras Al Khor National Wildlife Sanctuary, protected under the UNESCO Ramsar Convention.

HE Mohammad Al Gergawi said: “The Tower at Dubai Creek Harbour will be the tallest in the world which will present a new phase of development to the world complying with the vision of HH Sheikh Mohammed. The iconic tower will take humanity to a higher point in its development, adding to our national pride in our path-breaking achievements. The Tower is one of the outcomes of the strategic partnership between Dubai Holding and Emaar Properties. The Tower will further strengthen the tourism sector; diversify our economy reinforcing the sound economic stature of the UAE globally. The Tower is part of a smart city development, providing a new and distinguished lifestyle, and will be completed by 2020 along with a number of strategic and pioneering projects that are being undertaken here, setting global benchmarks.”

HE Al Gergawi added: “The groundbreaking of The Tower is another historic moment for the UAE, as we mark the construction of another icon that will add to the UAE’s civic pride. At the heart of Dubai Creek Harbour, the super-tall structure will create lasting value and serve as one of the must-visit tourist destinations in the city.

From Burj Al Arab, Emirates Towers, Burj Khalifa and now The Tower, Dubai has been the centre of innovation for super tall structures and has pioneered many such developments in design, architecture and engineering. The oil rich state is certainly pushing its boundaries in every aspect. The project is scheduled to finish under extremely aggressive time line and the proposal is to finish it before Expo 2020 Dubai.

The Tower at Dubai Creek Harbour supports the goals of Dubai Plan 2021 to establish the city as a global business and leisure hub which will add real economic value through driving the growth of core sectors of tourism, hospitality, aviation and retail among others.

27 Cities under the Phase-III Smart City Mission | Infra Bazaar

New Delhi: The Urban Development Ministry was released the list of 27 cities under the Phase-III Smart City Mission yesterday. The Smart Cities will get financial benefits under the Modi-government flagship Smart City Mission. As per the guidelines under the Smart City Mission, minimum of 40cities would be listed for the 2016 financial year. The Urban Development Ministry had already announced about 13cities under the mission on the month of May’2016. The rest of the 27 slots were fulfilled yesterday by the Urban Development Ministry.

Yesterday in Delhi the Union Ministry was released a list of 27cities needs to be develop according to their research, in those cities PM’s Narendra Modi constituency Varanasi also listed and Punjab, Uttar Pradesh will get funds for immediate approvals for the initiating the Urban Reforms. With these 27cities, the total no. of smart cities was increased to 60.

27cities which were selected yesterday are Agra, Ajmer, Amritsar, Aurangabad, Gwalior, Hubli-Dharwad, Jalandhar, Kalyan-Dombivlli, Kanpur, Kohima, Kota, Madurai, Mangaluru, Nagpur, Namchi, Nashik, Rourkela, Salem, Shivamogga, Thane, Thanjavur, Tirupati, Tumakuru, Ujjain, Vadodara, Varanasi and Vellore. Maharashtra acquired top position in the list with which 5 smart cities elected from the entire state. Tamil Nadu, Karnataka were at 2^nd place with 4 smart cities, followed by Uttar Pradesh which is in at 3^rd position with 3 smart cities.

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Government Clears Steps to Revive Construction & Real-Estate | Infra Bazaar

The Cabinet Ministry on Wednesday, has announced a package of measures to revive the Construction Industry & Real-Estate Industry. From the past couple years Real-Estate Industry was facing steady downfall because of funds and the decrement in Loan approvals from the Construction Industry & Real-Estate Industry. The Union Cabinet Ministry also released the post facto approval to the June 20^th foreign direct investments reforms that opened for the food sector with 100% foreign investment and raised the limit of civil aviation and defense up to 100% among the other Industries.

Shares of IVRCL, Hindustan Construction Company and Gammon India stood to gain percentage varying from 10 to 20 after the announcement. These companies have the great reputation and have significant exposure to government sector projects. The new regime, proposed by the NITI Aayog, will ensure that projects were not stalled by the developer and its other projects don’t suffer because of funds scarcity while the dispute is resolved. Over 70,000 crore is tied up by the arbitrator. To resolve the same it would usually take more than seven years on an average.

“On Wednesday, i.e 14/09/2016, one of the key issues is that there are a substantial number of recompenses where installments have not been made. Therefore the contractual workers have not possessed the capacity to pay the bank and it has antagonistically affected the monetary records of the organizations in addition to the banks. Furthermore, the activities have stopped,” Said by Finance Minister Arun Jaitley at a press briefing after the Cabinet Conference.

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India's Digital Payments in the Future Market

Mumbai: In the past few years, the payments acquired in India were changed from standard payment methods to digital payment methods witnessing some aggressive growth. If the growth is increased gradually sooner India’s Digital Payments will hit $500Billion by 2020, contributing to 15% of India’s GDP (Gross Domestic Product), as per the recent report by Google and Boston Consulting Group.

The report which is submitted by Google and Boston Consulting Group is based on Nielsen’s qualitative and quantitative research with over 3,500 representatives (digital consumers – 1,516, exporters – 917 and remittance users – 917) the research was done across 9 locations in India which are Delhi, Mumbai, Bangalore, Visakhapatnam, Surat, Indore, Lucknow, Ludhiana and Coimbatore.

As per the report, by 2020, non-cash (includes demand drafts, cheques, net-banking, credit/debit cards, mobile wallets and UPI) contribution in the consumer payments will become double which is up to 40%. Already 81% of the users who are currently using the digital payment methods, all of them love to transact by non-cash payment methods. 90% of the Indian consumers like digital payment methods for both online payments and offline payment methods. Over 60% of the payments were the digital payments, and contributed by offline points for sale.

Major Highlights of the Research:

1. Online shopping, Utility bills payments and Booking/Buying movie tickets are the top three actions getting done by an Indian user.
    
2. Mostly offers to purchase some product/item is the very powerful trick to attract the digital payment User for the growth of the digital payment methods.
3. 50% of the transactions were user to merchant; those are expected to be under INR 100.
    
4. The value of the remittances and money transfer will be increased up to 30% by 2020 in the market.
    
5. Globally, the FinTech startups have doubled to 1,000 in 5 years approximately. With funding growing 6X to reach $11 Billion in 2015.
   
   
    
6. India present at No. 2 in the world, by enquiring 1 Billion mobile connections. In those 1 Billion connections, only 300 Millions of the people using Internet and 240 Millions were Smart Phone users. Based on the report and the Smart Phone users will increase up to 520 Million by 2020.
    
7. 75% of the people would believe that the Digital Payments will become future market.

Payment Eco-Sysytem in Next 5 Years:

1. Technology which includes funds transfer or purchasing products online will be made simpler in days to come.
    
2. Merchant’s percentage who are accepting digital payments will be increased up to 10X by 2020.
    
3. Payments will drive consumption and end users will use each and every penny using digital payments.
    
4. Customers will get the best and will benefit from offers, coupon codes and relevant deals for their needs.
    
5. UPI (Unified Payments Interface) was modified and that will be the game changer. It will provide a great platform to provide seamless interoperability of PSPs. Modified to overcome the challenges occurring presently it can also drive large-scale adaption of digital payments.
    
6. Using Aadhar for online authentication and the confirmation for KYC data will boost the growth of digital payments systems.

Challenges Over Digital Payments:

The research has shown that the 1 out of 2 non-users haven’t used digital payments because they found that the product is too complicated to understand and 61% of people found it is too difficult to use. Additionally, the universal acceptance of digital payment methods and merchant concerns around the speed of transactions during peak hours, have emerged as other inhibitors to usage. In order to accelerate the appraisal of a successful and economically visible payment in India, one must focus on building simplified products for the end users, addressing the customer needs.

PM Narendra Modi Sets Goals to Infrastructure. | Infra Bazaar Pvt Ltd

NEW DELHI: In an enthusiastic turn to stride up infrastructure investment and change the gear towards the execution. Prime Minister of India Shri Narendra Modi has set some goals for the key ministries that have to be executed by the end of the financial year for getting visible change in the field. “Targets for infrastructure sectors has been approved by the Prime Minister and also communicated to Ministries. NITI Aayog will keep an eye on those infrastructure sectors and will be reviewed by Prime Minister of India Narendra Modi by himself on a quarterly basis,” as per a government official.

The high-level interference comes after NITI Aayog made presentations, based on regions and submitted to Narendra Modi last month (May) and substantial delays in projects have been observed in many areas. Targets were assigned to the sectors like Ministries of Roads, Railways, Ports, Civil Aviation and others with detailed elaboration in the last week of May. Prime Minster Narendra Modi has suggested 26 action points under 12 heads for Ministries of Roads and 36 action points for Ministries of Railways and about a dozen of action points that are in need of quick action by the Ministries to implement those in a particular time period and it has to be completed on or before that.

NITI Aayog presentations had flagged the development in the last two years – short comings and action points. Objectives to the tune have been set as well as for others with the number of villages identified that have to be electrified. The time-limit for these actions will range from 3 months to 3 years in different key sectors of the action points and they have given a clear indication that Narendra Modi doesn’t want to listen any kind of reasons at all.

Some legend contractor’s interference will rise in long-term funding for road projects and implementing a contractor’s review system will give the benefits of selecting the best from the bidders or contractors. Best contractors for developing the projects will always incentivize early project completion, bringing out legislative reforms in the Indian Railways. Development in administration structure by setting up an unconstrained regulator is required to equate the excise imbalance in Indian railways. The Ministry of road transport and the Ministry of Highways has been asked to wrap up the highway network expansion and operations plan in coming 3 years from September this year, while advancing the rate of construction of roads in the North-East by the end of 6 months which is from November 2016.

Indian Railways has been asked by the government to increase the lines commencement from 7 to 8 kilometers per day to 10 kilometers per day for the year of 2017 and up to 15 kilometers per day till the year of 2019 besides increasing the average speed freight and the passenger train speed by 5 kilometer per day every year till the next 5 years.

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How to Build a Construction with Auto Cooling Technology | Infra Bazaar

With mercury soaring with every passing hour, it has converged to a single point where all we do is blaming this phenomenon on pollution and its effect on global warming. As we know some of us are not equipped with cool and comfortable air conditioned rooms, it becomes a major problem to create an ambiance which is comfortable for workers/labour to work without losing focus from his/her task.

In India it has been average in 35degree to 40degree in Summer, here the Building Construction with Auto Colling Technology will help the human life very effectively. While in the west and Europe, the temperature remains below zero for most of the year, this is not of immediate concern, while in south Asia where high temperatures are breaking records frequently, it becomes a matter of grave concern. In India, where the government is trying to make the country a manufacturing hub with policies like make in India, start up India etc., we will soon witness setup of large manufacturing units where workers will have to work in intense temperature for long hours. As human body is not meant for such high temperature it can lead to many heath issues which can be harmful to human workforce.

The best solution is the cooling ducts and air conditioning solutions which may not be cost friendly. Thus what can be done to prevent the heat from a thousand suns? The solution is really simple and must be used during advent of a building. The use of construction materials which doesn’t absorb heat and making the building heat resistive is a good idea. The building materials are engineered such that they don’t absorb any heat or light and keeps the building cool and unaffected by outside heat and rising temperature. Some of these materials that can be used are mineral wool,EPS,mica,cellulose,etc. these material will make the building cool and thus keep the temperature cool inside which will increase the life of equipment and productivity of workers.

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