Page 44 - CV June-July 2023 Issue

Besides resource allocation, it is extremely essential to introduce pan- infrastructure projects while slowing down the entire sector's growth.
India policies in the sector for standardization. Inter-departmental Providing relief on procurement of raw materials can result in expediting
disparities tend to hinder the progress of the projects significantly. This the delivery of the projects, thereby, accelerating the growth of the
has been obvious in the telecom sector that possesses differentiated sector. Any sector that needs a strong push needs to identify the
pricing by municipal corporations, for instance in Delhi. This becomes a roadblocks and come up with a solution for its progress. In the
huge detriment for the industry as a whole especially at the time when infrastructure industry, one of the biggest hurdles is incomplete projects.
telecommunication is not a luxury, but a necessity. Thus, the sector These are usually left for too long in the last stage of development and
needs a universal policy for the smoother execution of projects and the completion of them would make way for new projects as well as
tenders. Another big challenge faced by large infrastructure companies provide support for them. This case is evident especially with physical
is the sourcing of raw materials such as steel. Earlier, the infrastructure infra projects such as roadways and railways. Focus on physical
companies were required to procure steel from primary producers who infrastructure projects will make the movement of resources easier and
charged a premium, therefore driving up costs for the industry as a also provide aid to logistics. In the past three years, there has been a
whole. Recently, the ministry of steel released a clarification stating that buzz around the development of smart cities in India. Expediting the
the raw material can be procured from any producer. However, the process of project approvals can help the government fulfil the mission
implementation of such guidelines needs a great push in order to boost of smart cities, and alleviate infrastructural gridlock in tier 1 and tier 2
the industry's growth by reducing the cost of raw materials. Furthermore, cities, where most of the population is concentrated.
the price fluctuations on raw materials tend to delay the completion of

CONSTRUCTION VISION 42 JUNE-JULY 2023