Infrastructure
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Infrastructure
About Infrastructure Industry
Infrastructure sector is a key driver for the Indian economy and for the others foreign economy. The sector is highly responsible for boosting India’s overall development and enjoys deep focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In 2016, India jumped 19 places in World Bank’s Logistics Performance Index (LPI) 2016, to rank 35th amongst 160 countries. Foreign Direct Investment (FDI) received in Construction Development sector (townships, housing, built up infrastructure and construction development projects) from April 2000 to December 2017 stood at US$ 24.67 billion, according to the Department of Industrial Policy and Promotion (DIPP). The logistics sector in India is expected to increase at a Compound Annual Growth Rate (CAGR) of 10.5 per cent, from US$ 160 billion in 2017 to US$ 215 billion by 2020.
Policy Regime
The Union Government has “radically liberalized” the FDI regime and opened up multiple sectors including Infrastructure for 100% (percent) FDI. Most of the sectors would be under automatic approval route, except a small negative list. With these changes, India is now the most open economy in the world for FDI.
Major players of the Industries
It was in 1978, when Mr. G M Rao started off with a small jute mill, and established, over 28 years later, what is known today as the GMR Group. GMR is today a major player in the infrastructure sector, with world class projects in India and abroad. India has one of the largest road networks in the world, spanning a total of 5.6 million kilometres (kms). Production of commercial vehicles increased to 894,551 in 2017-18 from 567,000 in 2009-10 at a CAGR of 5.87 per cent. The private sector has emerged as a key player in the development of road infrastructure in India. Increased industrial activities, along with increasing number of two and four wheelers have supported the growth in the road transport infrastructure projects. The government’s policy to increase private sector participation has proved to be a boon for the infrastructure industry with a large number of private players entering the business through the public-private partnership (PPP) model. There are some most known companies given below:-
- Thermax Group.
- Jaypee Group
- GMR Group
- Lanco Infratech Ltd.
- NCC Limited
- Punj Lloyd Group
- L&T Ltd.
- Mahindra Construction Equipment
- JCB India Ltd.
Legal services of Preach Law LLP
The firm provides advice on cutting-edge issues that cover multiple legal and business disciplines. Our expertise and understanding of the business is the foundation for providing full range of legal services including:
- Arbitrations & Litigation
- Foreign Investments
- Regulatory
- Structuring
- Offset policy
- Statutory Compliances
- Joint Ventures
- Contracts
- Teaming Agreements
- Auction/Bid Management etc.
- Tax & Regulatory Structuring
- Sourcing/Supply and Service Agreements.
- Regulatory Approvals/Representations
- Advisory Services
- Review/Appeal of Administration Decisions.
