New Delhi, Nov 4 (Agency) Hyderabad Metropolitan Water Supply & Sewerage Board Managing Director Dana Kishore said in public-private sector projects, most of the investments are made by the private sector and that there is a need to bring in a commonality into this. Speaking at the Infra Summit 2022 organised by Confederation of Indian Industry (CII) Telangana with the theme Physical Infrastructure and Realty – Prospects & Challenges, Kishore said there is a need to bring consent in the public decision-making process. Business models developed in the infrastructure sector or reality there are no proven business models and they keep evolving on a regular basis. Land acquisition and getting consent is a serious issue in infrastructure projects. As per Oxford cities report, By 2030 among 20 top growing cities in the world, 17 might be in India and Hyderabad may have USD 85 Billion GDP, he said.
Convenor CII Telangana Infra & Real Estate Panel & Managing Director & CEO, Re-Sustainability Limited M Goutham Reddy said everything that connects the society is infrastructure. Telangana is one of the role model states in terms of better infrastructure such as a Green field airport in 2009, outer ring road by 2011-12, Water projects, metro rail etc. Perils in the infra sector are about 30 years. 80 per cent commuters used to travel by railways but now about 70 percent of commuters travel by road due to the high quality road network and changing landscape of the infrastructure sector. The gaps in the sector need to be addressed so as to strengthen it in future. Land acquisition is a serious issue in road construction and cost overruns need to be taken into consideration, also disputes need to be resolved in 90 days. CII Telangana Chairman and Managing Director, Alpla India Private Limited Vagish Dixit said with initiatives like ‘Housing for All’ and ‘Smart Cities Mission’ the Government of India is working on reducing bottlenecks and impeding growth in the infrastructure sector, he added.
The introduction of the Real Estate Regulatory Act (RERA), initiation of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (IITs), the formal adoption of affordable housing within the scope of the infrastructure sector and the change in arbitration norms for construction companies have given the much-needed fillip to the realty and construction sector that will draw in more investments, help create demand and drive growth. CII Telangana Vice Chairman and CSR Estates Limited Managing Director C Shekar Reddy said government should encourage citizens to use water saving tools & also requested to revisit the STP Policy as there is a need to make the STPs more efficient. Transparency plays a major role for success in the infrastructure sector. The Walk to Work concept needs to be promoted in a big way while easing the traffic. First infrastructure needs to be developed then the city could be developed through a Master plan, he added.