GST… What’s in it for infra?

The Goods and Services Tax (GST) has been a long time coming. India Infrastructure Incorporated (read developers and contractors), especially infra services providers, are now gearing up to know the incremental (or negative) impact the proposed GST regime will unleash upon their respective businesses.

Service industry CEOs want to get their act together well before the April 1, 2017 deadline, when the uniform tax regime for India is set to be implemented across the board, to bring all Indian businesses under a single tax blanket.

Is the industry ready to meet the April 1, 2017 deadline? We do a status check…


COVER STORY:
Rs. 4 TRILLION PORT OF OPPORTUNITIES:
The year 2018 has been a significant one for the logistic and shipping sector in India. Bolstered by progressive policy interventions like amendment of Model Concession Agreement (MCA), revision of tariff guidelines, and the various steps taken towards facilitating ease of doing business, the major ports kept up their impressive performance of the past four years in terms of
capacity addition and improvement of efficiency parameters.

INTERACTION:
We have identified projects worth Rs.1.45 trillion
Kailash Agarwal, Joint Secretary, Ministry of Shipping, India

JNPT: Marching Ahead:
JNPT continued to upscale its growth trajectory and closed the financial year ending Mar 2019 handling 5.13 million TEUs, which is a 6.20 per cent growth as compared to the last financial year. Another
feather in the cap is that the port has risen to 28th rank among the top 100 container ports globally, as per the latest Lloyds Report and is the only Indian port to feature among the global top-30

Haldia Dock: The Gateway to East:
HDC’s key priorities are installation of one container handling crane (RMQC), mechanisation of Berth No 3 in PPP mode, and creation of liquid cargo handling facilities at Shalukali through PPP,and a goal to handle 65 MMTPA of cargo by 2021–22.

PERSPECTIVE - TECHNOLOGY:
Logistics Future Powered By Technology 
Today, it is not one unique identifiable technology that can create a quantum impact on the logistics industry. Combinations of technologies which are at the tipping point of mass adoption by the industry are the key driver to the change that is happening from within the logistics industry.

FEATURE – WATER AND WASTEWATER:
Converting Waste Into Resources 
Need of modern wastewater treatment is rising not just to reduce pollution in water bodies, but also to reuse & recycle water.

COVER STORY:
POST ELECTION INFRA FUNDING CHALLENGE
INFRASTRUCTURE TODAY digs deep into past data, which indicated that even after the polls, overall capex does not necessarily revive, and even when it does, the improvement isn’t sharp.

FEATURE – SMART CITIES:
See how Indian cities progressing in Smart City 

With a total of 5,151 projects envisaged across the 100 cities, works on 1,177 projects worth Rs 434.93 billion have started and about 677 projects are at the tendering stage.

INTERACTIONS:
With lower inflation we can provide cheap capital for infra projects
Sanjeev Sanyal, Principal Economic Adviser, Ministry of Finance, India

Banks prefer lending to retail businesses than infrastructure
Madan Sabnavis, Chief Economist, CARE Ratings.

India’s infrastructure funds requirement is huge
Samata Dhawade, Vice President, Aditya Birla Management Corporation


FEATURE – PROJECT MANAGEMENT: 
What’s brewing in India’s contractual agreements? 
With project delays costing India’s exchequer more than Rs 3 trillion, the time has come for the government to review and update, and match the contractual nuances with global practices.

FEATURE – PROJECT MANAGEMENT POWER TODAY-COVER STORY:
Light, Storage and Action! 
Embarking on the journey of complete transformation from fossil-fuel dominance to clean sources of energy, India has made headway by deliberating and planning for the long term. And now, it
is now time for action.

The Jan-March edition of Infrastructure Today deliberates upon how India's airport infrastructure is shaping up. Meanwhile, in an exclusive interaction for this stroy, Suresh Prabhakar Prabhu, Union Minister of Civil Aviation asserts that the double-digit expansion in air traffic requires the government and the private sector to work closely together. That said, the Outlook 2019 feature offers a reality check for the infrastructure sector where roads and railways continue to garner a larger share of investment pie.

In the current Infrastructure Edition readers will be delighted to read how India's railway sector is performing. From the usual 200 plus km that were being added monthly on an average, the Railways was able to touch a new high of 640 km in January to end the fiscal 2017–18 with around 4,400 km of new track. Similarly, railway electrification increased from around 618 km in 2013–14 to 4,087 km in 2017–18. That said, don't miss the interaction of Sanjay Gupta, Chairman & Managing Director in the 28-year history of Konkan Railway Corporation (KRCL) and Sanjeev Kumar Lohia, Managing Director & CEO, IRSDCL. 

Cover Story
Need For Speed
For the ambitious plan of overhauling one of the world’s biggest transporters of men and materials, both the government and private sector need to develop novel synergies.

INTERVIEWS
“We are contemplating moving into total logistics” 
Sanjay Gupta, Chairman & Managing Director, Konkan Railway Corporation (KRCL).

“Developer interests to be adequately safeguarded”
Sanjeev Kumar Lohia, Managing Director and Chief  Executive Officer, IRSDCL

“India will need multiple bullet train corridors” Mangal Dev, 
Head of Hitachi Rail Systems Co, India and South Asia Region

“Targeted pricing will help railways maximise earnings” Jagannarayan Padmanabhan,
Director and Practice Leader, Transport and Logistics, CRISIL Infrastructure Advisory

CLSS is the most attractive schemes in PMAY-U” 
Durga Shankar Mishra Secretary Ministry of Housing and Urban Affairs (MoHUA).

FEATURE – WAREHOUSING
Setting Great Store 42
Huge capital flows from marquee investors are driving the shift towards a more formal way of working

FEATURE – LOGISTICS
Enroute to Recovery 52
Logistics industry has always been an underdog and has not received the much-deserved attention yet. Though the sector is full of potential, it is yet to achieve optimal utilisation of resources.

INFRA FINANCE-EXCLUSIVE
“Sustainable infrastructure is the priority in funding any project” 
Najeeb Haider, Principal Strategy Officer, Asian Infrastructure Investment Bank (AIIB)

A greenfield smart city is a clean-slate approach towards urban growth, something that helps prepare for a new future. Two main issues that need to be addressed today – a coming-of-age population that needs employment, and a place for them to live while they work. INFRASTRUCTURE TODAY digs in more to understand why India need more greenfield cities than 100 brownfield smart cities, as envisaged by the Modi-led government. 

That apart, India is expected to have the second largest number of project management jobs in the world after China. Phenomenal growth in project management opportunities will largely be driven by economic expansion and infrastructure projects. But, is the country geared up to meet the demand for skilled personnel in the area? INFRASTRUCTURE TODAY spoke to a cross-section of the industry to assess the situation.

COVER STORY
Smart Cities: Financing Challenges 
In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development. But the question is how these funds are likely to be mobilised. 

INTERVIEWS
Chandramauli Shukla, CEO, Bhopal Smart City.
Mahip Tejasv Chief Executive Officer, Gwalior Smart City Development Corporation
Th Harikumar Singh, Municipal Commissioner,Imphal Municipal Corporation.
M Nagarajan, Deputy Municipal Commissioner, Surat and Chief Executive Officer, Surat Smart City Development
Ashish Sable, Sr Vice President & Group Head,Debt Capital Markets, SBI Capital Markets.

FEATURE – METRO RAIL
India’s Metro Trail 
The country, which is projected to be the world’s fastest growing economy, might well be on its way to becoming the world’s leading market in the metro rail segment by the end of the next decade

FEATURE - ROADS
Road Widening Under Progress 
The last two decades witnessed highway infrastructure being developed on a massive scale in the country.

PERSPECTIVE - AAI
No-Frills Airports: Doing More With Less

Cover Story
The Big Infra Opportunity
Stakeholders harp on the government’s infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).

Exclusive- Interactions
“We have awarded Rs.7.50 lakh crore projects in three years” 
Nitin Gadkari, Union Minister, Ministry of Road Transport & Highways (MoRTH), Shipping and Water Resources, River Development & Ganga Rejuvenation.

“DMICDC has the required land in possession for Phase 1
Alkesh Sharma, CEO and MD,
Delhi–Mumbai Industrial Corridor Development Corporation Ltd (DMICDC).

“We will require 80,000 direct and 1.25 lakh indirect skilled workforce” 
Nutan Guha Biswas, Chairperson, Inland Waterways Authority of India (IWAI).


Airport Infrastructure
In a sweet spot
Reforms in land acquisition and airport tariff regulations can’t be held off any further, writes Amber Dubey.

Energy
Matching the Grid Parity
Renewable energy’s lower tariffs and increasing share in the energy mix due to growth in such capacities has increased its importance among power distribution companies.

Infra Finance
Strengthening Infrastructure
Financing Avenues
The investment requirements for infrastructure development in India are huge.The 12th Five Year Plan had projected the total investments in infrastructure,for the period 2012–17, at Rs.55.7 trillion which was subsequently revised down to Rs.37.2 trillion during the appraisal of the plan.

Ports, Shipping & Logistics
Port of Call The Government of India has embarked on the Sagarmala Programme with a vision to reduce logistics cost for both domestic and EXIM cargo and utilise the waterways to their potential.

In the current edition of IT, we deliberated upon how the world's sixth largest economy's Digital India initiative has so far stayed on course. Subsequently, in the same edition covered an in-depth impact analysis of Budget 2018. 

The edition also covered one of the important topics in India--water. Here, to tackle water menace, IT cite several examples of cities who are taking precautionary measures to strengthen their water and sewage infrastructure. Look for interaction with Black and Veatch and Vishvaraj Infrastructure in this case.   



Private investment is still she as capacities are still below optimal. Big announcements are great for optics but can we also detail the funding plan? INFRASTRUCTURE TODAY cover story tackles it. Also, read our special feature on Port Infrastructure and Airport. Read on....

COVER STORY: Operation In(fra)Solvency -
With over Rs 11 lakh crore debt, project investments worth Rs 32.7 lakh crore and cost overrun of Rs 14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for india's financial institutions

INTERVIEW
Ashish Parwani, Partner, Rajani Associates.

Prof Kirit Parikh, Chairman, Integrated Research and Action for  evelopment (IRADe). Nitin Prasad, Chairman, Shell Companies.

INTERACTION – EXCLUSIVE
“We must achieve our long-term goals”
 Nadir Patel, High Commissioner, Government of Canada

INTERACTION – SMART CITIES
“We are in India for the long haul” 
Ajay Durrani, MD, Covestro India.

LEGALESE
Krrishan Singhania, Managing Partner and Nikita Shankar, Associate, Singhania and Co.

SPECIAL REPORT - TAIWAN
#TaiwanDiaries
Over the years, Taiwan has made big strides in the development and use of green technology

FEATURE – OIL AND GAS
Reforming India’s Oil & Gas Sector The various measures taken by the federal government to reform the oil and gas sector have managed to create the right amount of enthusiasm in the world’s fastest growing energy market.

PERSPECTIVE – LOGISTICS
Technological Intervention
Sumit Sharma explains why it is necessary to implement new generation technologies in India’s logistic industry.

Cover Story: Big Data: The new oil

Interactions:
Gautam Balakrishnan, Vice President and Head-Smart
Cities Business, Tata Projects Ltd.
Jagdish Salgaonkar, Senior Vice President, Civil &
Infrastructure, Aecom.
Lux Rao, Direction & Leader, Digital Transformation Office, Cisco India & SAARC
Patricia McCarney, President and CEO, World Council.
Sudhir Aggarwal, Vice President & Head, Government
Relations, Thomson Reuters South Asia Pvt Ltd.
Vishal Dhupar, Managing Director, South Asia, NVIDIA.

CEO’S Speak:
Sanjay Teli, Chief Executive Officer,
Solapur City Development Corporation

Feature - Railways
Fast Forwarding the Lifeline 54 It is often pointed out that every rupee invested in ramping up the railways infrastructure benefits the economy six times over. It is precisely for this reason that after being kept languishing for nearly 70 years, modernisation of India’s railway infrastructure has been put on the fast track.

Interviews
Mangal Dev, Head of Hitachi Rail Systems Co.,
India & South Asia Region.
Mangu Singh, Managing Director,
Delhi Metro Rail Corporation (DMRC).
Subrat Nath, Area Director, Asia-Pacific, Talgo
Prabhakar Atla, Senior Vice President, Rail Transportation
Business Unit, Cyient.
Tilak Raj Seth, Executive Vice President, Mobility, Siemens.

Mission Execution!

INFRASTRUCTURE TODAY, through this story, examines the route that India’s Smart Cities Mission is taking the country in terms of execution.  
Also read an exclusive interview with PP Chaudhary, Minister of State, Ministry of Electronics and Information Technology, Government of India and Zheng Bin, CEO, Industrial and Commercial Bank of China Ltd and Chairman, MCEA. 

What's more, the current issue has in-depth articles on Water and Wastewater and PSUs. 

Housing Checks Into Infra

​After years of industry lobbying, this year's Budget has finally granted infra status to the affordable housing industry, giving the segment a big boost. But infra financing models, like the ​much-touted ​Hybrid Annuity Model​,​ ha​ve
 not really taken off. So what lies ahead for infra finance?


The budgetary support for the infrastructure industry to the tune of Rs 4 lakh crore was announced by Union finance minister Arun Jaitley on Feb 1, 2017.

Infrastructure Today made an honest effort to seek expectations from the budget that infra industry leaders had from the Union budget for the 2017-2018 fiscal. Post budget, the same stakeholders were asked to assess whether their expectations had been met or not.

A news feature on future proofed airports in India, including an interview with the Airports Authority of India chairperson, Guruprasad Mohapatra as well as a news focus on the coal and mining sector were also suitably addressed in the Feb issue of IT.

The new year - 2017 - has ushered in a mixed bag of hopes and worries for the infrastructure sector. Demonetisation held up cash based operations of toll projects that came to a grinding a halt. PM Modi is pushing capital and bonds markets to provide long term finance for infra projects. The tax rates applicable for these financial markets are likely to be revised upwards to generate infra financing. The recent pulls and pushes on the Indian economy has the potential to be a game-changer for the infra segment. 
ends.

The impact of the proposed uniform Goods and Services Tax (GST) across India will result in the warehousing and logistics industry re-calibrating and literally needing to transform to a mega-warehousing culture. Currently, Indian companies are compelled to maintain warehouses in as many states as they do business in, to avoid paying variable rates of taxes as prevalent in individual states.

The IT issue also takes a look at the imperatives of turning to renewable energy sources so India meets the challenge of 100 per cent electricity for all.

Another segment, showcases industry leaders address the need for major sports infrastructure, if India has to scale the heights of sporting glory at international athletics meets like Olympics.

A slew of policy decisions by the Narendra Modi led government to inject private investment impetus to road, port, airport and railway infrastructure projects is aimed at making infrastructure projects a 'bankable' proposition for EPC contractors and developers, but, ...land acquisition issues, judicial interjection that curtails profits of infrastructure concessionaires using the definition of 'reasonable profits' threatens to hold back infra development..

Cover story: 
GST implications for the Infrastructure sector.

Feature stories 
a)Smart Urban Transportation.
b)Changing regulatory landscape - Mining
c)Power transmission.
d)Infrastructure PPP.

The August edition of Infrastructure Today highlights learning lessons for India's PPP conundrum. Readers can look for statistics on the success and failures of PPP projects along with viewpoint from industry players. What's more, the August edition also have articles on Water Management and Telecom Infrastructure.  

Metronomics - the cover story of the July edition of Infrastructure Today tackles the issue of viability of the mega metro rail projects under construction all over the country. With insights from global experts as well as people close to the actual projects, the edition delivers a wealth of information and analysis on the subject for all its readers. Our Up the Ladder section has come along nicely since we revamped this section a few months ago, plus all the other regular features and special stories. Get your copy now!

Isn't the internet a part of the nation's infrastructure? Isn't it an integral part of our daily lives? Can we imagine a world without the internet? Grab your copy the June issue of Infrastructure Today to find out what ails India's internet connectivity and how the nation is taking steps to build the digital super-highways of the future. Plus, a comprehensive look at the physical infra assets as usual with ports and aero bridges in focus this June.

Cover Story: Railways on Overdrive

Chug-chugging its way to becoming the world’s fourth largest railway network since rail was first introduced to India in 1853, Indian Railways is finally getting a much-needed makeover.

Special Feature: State Focus Maharashtra

The Maharashtra government is pulling all stops to ensure that the state becomes the preferred destination for infrastructure investment. The excellent law and order environment in the state also strengthens its position as a preferred place for large-scale economic activity.

Focus: Solar Energy: The 100 GW Target

IT takes a reality check on the government’s target to achieve 100 GW of solar energy production under the Jawaharlal Nehru National Solar Mission.

The April edition of Infrastructure Today is a power-packed one featuring international experts in our cover story on the all-important issue of road safety in India. Freewheeling with Greg Bentley, CEO, Bentley Systems, a totally revamped Up the Ladder section that offers an engaging platform for industry professionals to showcase themselves and other insightful features make this issue a must-have for any infrastructure professional.

IT's March issue puts the spotlight on the much- neglected aspect of water infrastructure in our country, as well as on airports. A compelling read and a must-have edition!

Our January issue reveals the truth behind the radiation scare from mobile towers, featuring exclusive insights from top scientists. Controversial figure Michael Repacholi, founder chairman of ICNIRP and the former head of the WHO EMF Project is also featured. Features and interviews on public sector companies and the Smart Cities Mission are the other attractions. Get your copy today!

The January issue of Infrastructure Today incorporates the industry's expectations for the New Year and analyses what lies ahead for some of the domains within the infrastructure sectors. 2016 promises to be a watershed year in many ways. With the government's thrust on infrastructure and with a number of positive steps taken early this year, it looks like an exciting year ahead. Go through our January issue to know more!

Cover Story: Finding the right road The moot question is whether good intent has been accompanied by careful planning.

Feature: Fathoming the deeps Grappling with funding, infrastructure and policyrelated impediments, the sector has many nautical miles to cover before it can be at the high port.

Focus: Hi-tech in infra
India has recently begun to focus on its infrastructure. There is still a long way to go in adopting the latest and best technologies for their design, construction and management.

Cover Story: Hitting the road Financing infrastructure projects have fallen out of favour with banks. Who are the other investors who can plug this gap?

Focus: Equipment Equations With the current government’s inclination for boosting infra projects, the construction equipment (CE) industry is hopeful of a quick revival. However, safety issues dominate.

Feature: Race against time Soaring e-commerce has opened up a new dimension for the Indian logistics industry. Speed, accuracy and service quality are assuming key importance as companies gear up for last mile delivery.

Feature: Powering the change Nothing short of drastic measures can shake up India’s beleaguered electricity distribution companies. The good news is the government
seems to be taking the necessary steps.

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Since 2003, our monthly magazine INFRASTRUCTURE TODAY (IT) has grown to a stature of leadership, and it is the most read magazine in India on the infrastructure sectors. IT partners in the nation's building process by offering valuable information, insights and analyses. Our current reader profile includes policymakers and public office bearers, town planners, investors, contractors, developers, consultants, utility providers, engineers, banks and financial institutions, educators and researchers, and decision makers in other organisations that provide products or services to the infrastructure sectors. The magazine covers physical infrastructure and related construction activities in Power, Oil & Gas, Roads, Railways, Ports, Airports, Water, Telecom and Urban Infrastructure. Each issue provides usable value for the reader: from business environment and financing options to models of contracts and industrial land creation. You will always find in IT top people and organisations sectors, through independent contributions, incisive interviews. The top institutional analysts contribute to IT as well. The magazine is present in high-power seminars and conferences, is referred to by business leaders, and displayed on many a corporate boardroom coffee table.

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