The Road to Wankhede, Mumbai: How Cricket Fans Can Maximize Semi Final 1, ICC Men`s World Cup 2023
The Road to Wankhede, Mumbai: How Cricket Fans Can Maximize Semi Final 1, ICC Men`s World Cup 2023
On November 15, 2023, Wankhede Stadium, Mumbai will host the first semi-final of the ICC Men’s World Cup 2023. Wankhede Stadium has a capacity of 33,000 and has seen some historic performances, including India’s legendary victory in the ICC Cricket World Cup 2011 final against Sri Lanka.
Keep reading to discover how you can travel to Wankhede Stadium, Mumbai to witness what could be another legendary victory.
Reaching Mumbai
It’s ICC Men’s World Cup 2023 Semi-Final 1, so expect high travel-ticket prices, but you still have options to choose from:
Air
Chhatrapati Shivaji International Airport, one of the top airports in India, has an average footfall of 140,000 passengers across more than 880 flights. It is also the second busiest; pre-book your cabs to avoid rushing.
Train
The Mumbai metro railway network in India carries about 7 million commuters daily, making it the world’s busiest railway system. For easy commuting, the National High-Speed Rail Corporation Limited is working on its bullet train project, connecting Mumbai and Ahmedabad.
Road
You can use the National Highway (NH) 48, part of the Golden Quadrilateral, to reach Mumbai by road. While the highway connects Mumbai to Delhi and Chennai, it passes through cities like Ahmedabad, Pune, Jaipur, and Bhubaneswar.
The traffic congestion on the highway could ease up, as in 2022, Nitin Gadkari—Transport Minister—laid the foundation for 19 projects worth ₹1,000 crore to prevent traffic and accidents on the NH 48.
Navigating the City to Reach Wankhede Stadium
Once you’ve reached Mumbai, it won’t be long before you experience its infamous traffic. Here are some tips to avoid getting stuck:
Metro
Mumbai Metro operates a line between Ghatkopar and Versova from 5:30 am to 11:20 pm. It stops on the following major points:
- Ghatkopar
- Jagrutinagar
- Asalpha
- Saki Naka
- Marol Naka
Bus/Cab
Flag a cab or auto or board a bus for travelling to and from Wankhede Stadium. Some key transit points that you can follow when travelling by road are:
- Vashi bus and metro station
- Apna Bazar Vashi Sector 17
- Vashi Highway
You could also take the Mumbai Trans Harbor Link, India’s longest sea link bridge, as it connects the stadium to Navi Mumbai.
Local Train
Take any train to Churchgate Railway Station, just 600 m from the stadium.
Places You Cannot Miss in Mumbai
Just because you’re here to see India win the Semi-Final 1 doesn’t mean you cannot explore Mumbai. Mumbai has something for everyone:
For Foodies
Some iconic spots you should try are:
- Muhammad Ali Road (kebabs)
- Cafe Madras Matunga (South Indian)
- Gaylord Marine Drive (fine dining)
- Sahibaan Worli (North Indian)
- Martin’s Colaba (Goan food)
- Sarvi Nagpada (Mughlai food)
For History Buffs
Visit the following historic tourist spots:
- Elephanta Caves
- Gateway of India
- Kanheri Caves
- Ajanta Caves
For Shoppers
Mumbai is known for its colorful markets; some you could try are:
- Zaveri Bazaar (jewelry)
- Lokhandwala Market (branded clothes and accessories)
- Crawford Market (dry fruits and spices)
- Mangaldas Market (textiles)
- Linking Road (Fashion)
- Hill Road (street shopping)
- Chor Bazaar (antiques)
Sporting events such as the ICC World Cup increase consumer spending across industries such as hospitality. For example, in the IPL 2023 (Q2), customers spent 1.5% more than other quarters.
Besides sports tourism, the procurement of construction raw materials also contributes to the local economy. For example, the bullet train project has created over 90,000 jobs.
At Moglix, we streamline the infrastructure for first mile and mid-mile logistics, contributing to India’s urban transport infrastructure. To understand how we can facilitate your infrastructure projects, email us at info@moglixbusiness.com.
5 Ways CEOs of Infrastructure Construction Project Developers in India Can Improve EBITDA
5 Ways CEOs of Infrastructure Construction Project Developers in India Can Improve EBITDA
CEOs of infrastructure construction project developers in India face many hurdles in running their businesses, including cost escalation, quality issues, project delays, and regulatory hurdles. This can severely impact the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization), a key profitability and efficiency indicator.
This article will discuss five ways CEOs can optimize their procurement processes to improve their EBITDA margins further.
5 Strategies to Boost EBITDA for Construction Project Developers in India
A higher EBITDA signals a better capacity to generate operational profits and cash flows and can be improved through the following methods:
Vendor Consolidation
Reducing and consolidating the supplier base available for procurement of construction raw materials, such as TMT bars, structural steel, fabrication, and ductile iron pipes, can help achieve economies of scale. This translates into lower logistics expenses without compromising the supply’s quality, leading to better profitability margins and a simplified contract management system.
Digital Project Management
Implementing digital project management tools like a RACI (Responsible, Accountable, Consulted, and Informed) matrix can facilitate better construction schedule mapping and reduce task redundancy, stemming cost overruns. Using the matrix; the project developers can distinctly define the roles and responsibilities of their suppliers, establishing clear communication, transparency, and accountability among all the stakeholders.
Supplier Capability Mapping
Thoroughly assessing India’s top construction raw material suppliers and their capacities before awarding the project is another way to improve EBITDA margins. Supplier mapping involves a comprehensive evaluation of the vendor’s competence, delivery timelines, quality standards, and compliance records, which enables improved decision-making and risk management. By further defining the credit terms and payment cycles, developers can minimize supplier disputes and cash flow problems.
Inventory Optimization
Another way to enhance profitability is to optimize the inventory levels of the construction raw materials and semi-finished goods and reduce their holding costs by fully utilizing the limited storage space. Inventory management techniques like just-in-time (JIT) for pipes, electricals, and cables can reduce wastage and product obsolescence by closely matching the inventory levels to the production schedule, supplier capacity, and product demand, eliminating the risk of stock-outs that can delay the project’s completion.
Pre-Engineered Buildings (PEBs)
Unlike conventional buildings, PEBs are factory-made, standardized structures assembled on-site, sometimes shortening the project schedule by almost 10-15 weeks. Using them can result in significant cost savings, better quality control, and higher energy efficiencies, crucial in raising construction EBITDA by a colossal 10-15%.
Achieve Operational Excellence with Moglix
Adopting the outlined strategies, including supplier mapping, inventory optimization, and digital management, can aid infrastructure construction companies in improving their business performance.
However, an easier way to gain a competitive edge is to implement Moglix’s EPC solution, which end-to-end automates and streamlines your supply chains, enables vendor consolidation and catalog-based buying, and centralizes all procure-to-pay processes on a unified platform.
Write to us at info@moglixbusiness.com to learn how we can take your business to new heights.
Ideas for Building India`s National Infrastructure Pipeline for Healthcare and Education
Ideas for Building India`s National Infrastructure Pipeline for Healthcare and Education
What Has Been the Progress in Building India’s Healthcare and Education Infrastructure till Now in 2023?
Healthcare, education, and human capital formation form a triangle. Two achievements speak volumes about the progress in building India’s healthcare and education sectors. First, is India’s major success in its vaccination against COVID19. Second, is the unraveling of the National Education Policy in 2020.
India has made significant strides in healthcare and education. In healthcare, the country has improved access to medical services and witnessed a decline in certain communicable diseases through widespread vaccination campaigns and disease control programs.
Additionally, the government’s efforts to strengthen healthcare infrastructure and expand insurance coverage have positively impacted millions of people.
In education, there has been an increased emphasis on primary education, with a notable rise in enrollment rates and improvements in learning outcomes. The adoption of technology in education has also played a pivotal role in enhancing access to quality education for many, especially in remote areas.
These success stories in healthcare and education have been and will continue to be shaped by the supply chain powering India’s National Infrastructure Pipeline.
What Are the Major Opportunities for EPC Infrastructure Companies in Healthcare and Education Infrastructure Construction?
Opportunities for EPC Infrastructure Companies in Healthcare Infrastructure
There are 57 projects worth INR 31964 crores under conceptualization in India’s healthcare infrastructure sector. Further, there are 33 projects worth INR 17550 crores which are under development and another 326 projects worth INR 131000 crores which are under implementation.
Opportunities for EPC Infrastructure Companies in Education Infrastructure
In the education sector, there are 72 projects worth INR 43157 crores under conceptualization. Another 75 projects worth INR 52119 crores are under development. Moreover, 252 projects worth INR 112000 crores are under implementation.
What Supply Chain Solutions Do EPC Infrastructure Companies Need to Leverage Opportunities in the Healthcare and Education Sectors?
Pre-Engineered Building (PEB) Construction Technology Using Steel and RCC
PEB construction technology can be the answer to India’s requirements of fast healthcare and education infrastructure construction and project completion.
Pre-engineered buildings are structures designed and fabricated off-site, using computer-aided tools and advanced materials. They are highly versatile, cost-effective, and time-efficient solutions for various construction needs.
Components are manufactured to precise specifications, enabling easy assembly on-site, reducing construction time significantly. These buildings offer excellent strength, durability, and can be customized to meet specific requirements.
They find applications in warehouses, factories, commercial spaces, and more. With their sustainable approach, rapid construction, and flexibility, pre-engineered buildings have become a preferred choice for modern construction projects, offering a practical and efficient solution for various industries and applications.
Prefabricated buildings or pre-engineered buildings are custom manufactured as per the engineering drawing. These can be built either with structural steel or reinforced concrete cement (RCC). Once built these can be carried to the project site and deployed quickly.
Exactly how quick? There is a recorded instance wherein a 33-storey apartment with 8 flats of 1000 sq.ft built area each, has been deployed in 12 days sharp.
Imagine the speed of execution of medical healthcare and education infrastructure during crises when we say we need a hospital in no time.
Vendor Consolidation Across Fabrication, Construction Raw Materials, and Indirect Procurement
A significant speed breaker in the construction schedule of medical and educational infrastructure is the fragmented supplier base. A project developer may have to rely on diverse suppliers for construction raw materials, fabrication, electricals & cables, drainage systems, pipeline networks and plumbing.
There are strategic interdependencies among these tasks that call for resource mapping and task mapping. When project developers and sub-contractors work with multiple suppliers, there is a high probability of failures including:
- Product failure
- Process failure
- Systems failure
- Design failure
In the absence of a centralized data governance model, it is difficult for the CTO to map business intelligence. It is difficult for the CPO to track spend analytics. The opacity also impedes the ability of the COO to harmonize these activities as per the critical path method.
This is where vendor consolidation can help EPC project developers act with agility at scale and complete medical and educational infrastructure projects on time.
Vendor consolidation works when a project developer relies on a procurement outsourcing model to manage all its suppliers. There are multiple layers in the full-stack vendor consolidation model for infrastructure projects.
First is systems integration across data sets, devices, and departments. Second, is process integration and collaborative planning. A great example of such collaborative planning is the PM Gati Shakti policy. Third is the creation of a single procurement supply chain analytics dashboard as a single source of truth for the CPO, CTO, COO, and the CFO.
An example of a vendor consolidation success story in healthcare and education infrastructure is that of the Phulbani Medical College in Odisha.
Solar Rooftop Installations for Self Sufficiency in Renewable Energy Production
We have all had our share of lessons in public healthcare from the COVID19 pandemic. One of the lessons learned is the importance of hospitals, nursing homes, and diagnostics centers being self-sufficient for energy.
There are several ways for medical infrastructure projects to tap into renewable energy production. One of the easiest and most affordable ways is to have solar roof top installations.
The Ministry of Renewable Energy, Government of India under its new solar energy policy has rolled out a substantial subsidy to partly finance solar roof top installations. Further, OEMs and component manufacturers are responding to the clarion calls of “Vocal for Local” and “Make in India” with CAPEX investments for the manufacturing of solar PV cells, wafers, and module mounting structures.
Solar rooftop installations can enable medical and educational institutions to become self-reliant in energy production. Schools, colleges, medical colleges, hospitals and universities will be better equipped to provide uninterrupted services, if they are able to solve the problem of intermittent power cuts.
ARC Led Model for Preventive and Breakdown Maintenance
A pain point that continues to plague India’s education and public healthcare sectors is the lack of preventive and breakdown maintenance of infrastructure assets.
Such infrastructure assets include drainage systems, sewage systems, drinking water pipelines, electrical wiring, medical beds, and signages that users may need to navigate from one point to another within the college or hospital premises.
It is in this context that public-private partnership (PPP) models of infrastructure construction can help. PPP models like build-own-operate (BOO) and build-own-operate-transfer (BOOT) can help resolve the challenges of student-dropout in schools and help improve medical outcomes in hospitals.
An annual rate contract led model for indirect procurement can solve the pain points of infrastructure maintenance. An ARC model can bring much needed transparency to line item wise spend analytics and enable on-time replenishment of MRO items as per pre-defined buffer stocks and reordering inventory levels.
The Catalog for EPC Project Developers and Sub-Contractors That Are Building India’s Utilities Infrastructure
Moglix offers a comprehensive catalog of construction raw materials procurement, indirect procurement, and custom manufacturing solutions to EPC project developers and sub-contractors.
To know more about opportunities in the education and healthcare sub-sectors in India’s National Infrastructure Pipeline, download our e-book “Building India: The Infrastructure We Aspire for and the Supply Chain We Need, Second Edition.”