A quote from
Mr. Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects Ltd. on the Central Government’s
Atmanirbhar Bharat initiative.
“The
Government’s Atmanirbhar Bharat initiative has recognised
“Infrastructure” as one of the five pillars. This is an acknowledgement
of the sector’s key role in India’s development and
large scale employment generation.
The
extension of up to six months to be given by GoI Agencies is a welcome
move since many projects across the nation were affected due to the
sudden disruption caused by the pandemic – much
of this such as lockdown was beyond the control of contractors.
The
move to allow government agencies to partially release bank guarantees
to the extent of completed contract will definitely improve the
industry’s cash flow situation, especially in case
of smaller and mid-sized contractors.
 |
| Himanshu Chaturvedi, CSO - TPL |
The
measures for MSMEs such as revised definition or classification,
collateral free automatic loans, subordinate debt-based scheme and
equity support will provide an impetus. It must be
remembered that many such MSMEs supply various construction material to
the infrastructure sector. A strong MSMEs sector is important to the
infrastructure sector and overall national economy.”
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