What are the Opportunities for Infra Companies Emanating from the Union Budget of India in 2023?
What are the Opportunities for Infra Companies Emanating from the Union Budget of India in 2023?
The Union Budget of India for 2023 is here. The honorable FM has announced several measures which are aimed at boosting infrastructure development in the country. We walk you through some of the opportunities for infrastructure EPC companies, which are as follows:
1. Increased Capex Allocation for Building India’s Infrastructure
The highlight of this year’s union budget is the mega capex push worth INR 5.54 lakh crores. The capex allocation represents an 11% hike over last year.
The capital expenditure will provide opportunities to EPC companies to participate in new infra projects and secure contracts under the auspices of the National Infrastructure Pipeline.
2. Focus on Infrastructure Development in Tier 3 Cities and Rural Areas
The government has announced several measures to enhance rural infrastructure, including the creation of a rural infrastructure development fund and the development of rural industrial clusters. This presents opportunities for EPC companies to participate in projects aimed at improving rural infrastructure.
3. Outlay of INR 2.5 Lakh Crore for the Development of Roads and Highways
The union budget has emphasized the importance of road and highway development, with a target to construct 40 km of roads per day. The outlay of INR 2.5 lakh crores for roads and highways is expected to create opportunities worth INR 1.8 lakh crores for project developers and those worth INR 0.7 lakh crores for MRO solutions providers.
4. Expansion of Port & Terminal Infrastructure Under the Union Budget
India already has an active and operational policy framework for the development of ports and terminals called the “Bharatmala Scheme”. This year’s union budget makes a capex outlay of INR 1608 crores for the development of ports & terminals. This presents opportunities for infrastructure companies to participate in port development projects.
5. Climate Action and Shift Towards Green Manufacturing and Renewable Energy
The union budget for 2023 marks the beginning of India’s pivot towards green manufacturing and renewable energy. The outlay on green hydrogen alone is INR 35,000 crores. This presents opportunities for infrastructure companies to participate in renewable energy projects.
Overall, the Union Budget of India for 2023 presents a range of opportunities for infrastructure companies looking to participate in the development of physical infrastructure in the country.
Explore the detailed analysis of opportunities in the National Infrastructure Pipeline and procurement and supply chain recommendations for CEOs, CFOs, CTOs, and CPOs of EPC project developers and sub-contractors in the e-book: “Union Budget 2023; The Decision Maker’s Vantage Point”.
What are the Opportunities for Equipment and Heavy Fabrication Emanating from the Union Budget of India in 2023?
What are the Opportunities for Equipment and Heavy Fabrication Emanating from the Union Budget of India in 2023?
The Union Budget of India for 2023 is likely to offer several opportunities for equipment and heavy fabrication solution providers. Here are a few key areas where growth and investment could be expected:
1. Opportunities for Equipment & Heavy Fabrication in the National Infrastructure Pipeline
Since 2021, India is on an infrastructure-building spree. The National Infrastructure Pipeline is the Government of India’s marquee policy scheme with EPC projects worth a staggering outlay of INR 1,08,17,449 crore.
This could create opportunities for equipment and heavy fabrication solution providers in the construction and engineering industries.
2. Opportunities for Fabrication Solutions in the Defense Sector
India has a large defence sector. The union budget in the succeeding years could potentially allocate more funds towards defence equipment and modernisation, which could create opportunities for heavy fabrication companies to supply equipment to the defence sector.
3. Opportunities for Fabrication Solutions Under the “Make in India” Campaign
The government’s focus on boosting the manufacturing sector and making India a hub for global manufacturing could lead to increased demand for heavy fabrication solutions, as new factories and industrial units will require various equipment and machinery.
4. Opportunities in Renewable Energy Sector and Green Manufacturing
The union budget in 2023 has dedicated a fiscal outlay of INR 37,000 crores on renewable energy. The budgetary allocations are in line with the honourable Prime Minister’s calibrated approach to transition Indian manufacturing towards net zero carbon emissions by 2070.
Green manufacturing and uptick in demand for renewable energy can unlock new opportunities for India’s renewable energy sector. For instance, India has a competitive cost advantage in solar energy which has got a budgetary outlay of INR 10,000 crores in the union budget 2023.
The Green Hydrogen sub-sector is yet another avenue that holds promise. It has got an outlay of INR 19,000 crores under the National Green Hydrogen Mission and another INR 16,000 crores under the union budget for 2023.
Overall, the Union Budget of India for 2023 could offer significant growth opportunities for equipment and heavy fabrication solution providers, particularly in the areas of infrastructure development, defense, manufacturing, and renewable energy.
Access the detailed analysis of the opportunities to make in India and procurement and supply chain recommendations for CEOs, CFOs, CTOs, and CPOs of equipment manufacturing and heavy fabrication solution providers in the e-book: “Union Budget 2023; The Decision Maker’s Vantage Point”.
The Future of Industrial Safety Shoes: Materials and Design
The Future of Industrial Safety Shoes: Materials and Design
A safe working environment is a must for every organization. The well-being of employees should always be top priority and companies must take the necessary steps to ensure their safety. This involves recognizing potential health hazards and implementing robust safety management strategies. It is crucial for companies to prioritize safety and invest in adequate protective gear and equipment to mitigate risks.
One of the key steps in maintaining workplace safety is identifying potential hazards. This includes analyzing the nature of work, the equipment being used, and the working environment to determine the potential risks. Based on this analysis, the company must provide its employees with the appropriate protective gear and equipment to reduce the chances of accidents.
Foot injuries are a common example of workplace hazards that can escalate quickly if not addressed in time. To prevent such incidents, companies should ensure that employees wear proper footwear that is designed to provide protection and prevent foot injuries. According to the Bureau of Labor Statistics (BLS), slips, trips, and falls are among the leading causes of occupational injuries and account for a significant portion of foot injuries. In the US, foot injuries result in thousands of lost workdays each year and cost employers millions of dollars in workers’ compensation claims
Evolution of Safety Shoes
The evolution of safety footwear has been a response to the increasing concern for workplace safety and the implementation of compensation laws for industrial injuries. Historically, workers in various industries relied on wooden blocks, known as “sabots,” to protect their feet. However, as the awareness of the need for improved worker welfare grew, and compensation laws became stricter, companies began to prioritize worker safety.
It was during this time that the Red Wing Shoes Company pioneered the development of steel-toed safety shoes in the 1930s. Since then, safety footwear has continued to adapt and advance to meet the ever-changing demands of various industries, from manufacturing to healthcare. The result has been the creation of safety shoes that are not only lightweight and durable but also effectively protect workers from potential hazards.
Let’s look at some of the popular safety shoes available:
| Shoe Type | Industry | Benefit |
| Electric Hazard Safety Shoes | High voltage machinery,writing, and electricity | Reduces the chances of receiving shock |
| Slip Resistant Safety Shoes | Hotels, Restaurants, Food,Oil & Gas | Better grip on wet and greasy floors due to rubber soles and tread patterns. |
| Steel Toed Safety Shoes | Healthcare, Hospitals, Packers & Movers, Construction | Made of steel or alloy toe caps covering toe area |
| Lightweight Safety Shoes | Sports,strength Straining | They support your natural movement without compromising on protection |
| Ergonomic safety shoes | All industries | Keeps your feet in the proper position so that it remains pain-free |
Industrial Safety Shoes: The Story Ahead
Advent of synthetic materials has enabled the creation of industry-specific safety shoes that do not sacrifice comfort or mobility. Despite the integration of new materials, leather remains the primary outer material utilized in safety footwear, though technical fabrics like Gore-Tex© are gaining widespread adoption. The soles of most safety shoes are constructed from rubber, polyurethane (PU), thermoplastic polyurethane (TPU), or a combination thereof, but premium brands may utilize high-performance rubber such as Vibram©. Experts in the field are currently exploring the potential for “safety-smart” footwear, incorporating not only improved comfort, but also incorporating personal data feedback and avant-garde design aesthetics.
Safety Partner
To ensure optimal foot safety, having the right pair matters the most. With Moglix as your trusted partner, you have access to wide variety of safety products & services across industries, addressing all types of applications with strong focus on quality and cost efficiency. TRUST MOGLIX for certified & complaint industrial safety products delivered, anywhere in India.
An insiders guide-Knowing difference between safety shoes and work boots
An insiders guide-Knowing difference between safety shoes and work boots
Put your best foot forward in safety!
Your footwear can make or break your workplace safety game. Ensuring your workforce has a reliable pair of safety shoes can mean the difference between a safe workday and a potential injury. An increasing number of firms are taking steps to safeguard their employees by choosing to invest in high quality protective footwear. Global Market Insights Inc. predicts the worldwide Industrial Safety Footwear Market to soar beyond the USD 11 billion mark by 2030.
Protection against Workplace Hazards: Safety Shoes vs Regular Work Boots To further understand the differences between safety shoes and regular work boots, let’s take a closer look at key features and how they protect workers in hazardous environments:
Design intent – Basic and most rudimentary difference between a safety shoe and a work boot is the design intent. A work boot is designed for comfort and style, while a safety shoe is designed to safeguard user against unseen but common workplace hazards
Features – Regular work boots may be comfortable and stylish, but they lack crucial protection against workplace hazards. This is where safety shoes play an important role in ensuring workers’ safety. They come equipped with features like steel-reinforced toes to prevent injury from falling objects and puncture-resistant soles to protect against sharp objects on the job site. These shoes serve as a crucial line of defense in the workplace.
Certified – Certified safety shoes are designed to adhere to the stringent regulations set by OSHA and ASTM International. These standards encompass various safety measures, such as protection against electrical hazards, impact resistance, slip resistance, and others, ensuring that workers are effectively safeguarded from work related dangers.
All weather – Safety shoes are essential in adverse conditions as they protect workers from a range of hazards that are specific to the environment. For instance, workers in cold and wet environments need insulation to keep their feet warm and dry, while workers in hot environments may need breathable and cooling features to avoid heat-related stress.By using safety shoes in adverse conditions, workers can better protect themselves and perform their jobs more effectively.
Extra support – Protection and security are crucial for both immediate safety and long-term wellbeing. Safety shoes are engineered with features that provide optimal support, comfort, and protection for individuals who stand for extended periods. The extra heel and arch support in these shoes helps to lower the risk of injury, reduce discomfort, and maintain good posture over time. Designed to withstand the wear and tear of tough work environments, safety shoes are ideal for workers who are constantly on their feet.
Putting the best foot forward
To guarantee worker safety and efficiency, it’s crucial to differentiate between safety shoes and normal work boots. For a comprehensive range of premium quality, certified products from leading brands, Moglix is your ultimate destination. Trust Moglix to provide sturdy, safe footwear that complies with safety regulations, easily accessible throughout India
Stepping Up Safety: A Comprehensive Guide to Choosing the Right Workplace Shoes
Stepping Up Safety: A Comprehensive Guide to Choosing the Right Workplace Shoes
Wearing safety shoes in the workplace is necessary to prevent injuries and protect workers from hazards such as falling debris, sharp objects, electrical hazards, and more. According to the Occupational Safety and Health Administration (OSHA), employers are responsible for providing employees with protective OSHA-compliant safety shoes when necessary. With various industries having different safety requirements, choosing the right type of safety shoe for the job is crucial.
Types of safety shoes
Steel Toe Shoes: These shoes are ideal for heavy-duty work environments where workers are exposed to heavy impacts and falling objects. The steel plate in the toe cap protects the feet from injuries caused by such impacts.
Composite Toe Shoes: Composite-toe shoes offer the same level of protection as steel-toe shoes but with a lighter weight and increased comfort. The composite material in the toe cap is lightweight and flexible, making it ideal for workers who need to be on their feet for long hours.
Slip-Resistant Shoes: Slip-resistant shoes are designed for workers who work on slippery surfaces or in wet conditions. These shoes are ideal for workers in the food and hospitality industry, construction workers, and those who work in wet environments.
Puncture-Resistant Shoes: These are engineered for workers often exposed to sharp objects, such as nails and broken glass. These shoes are ideal for construction workers, roofers, and those who work in environments with sharp objects.
Electrical Hazard Shoes: Electrical hazard safety shoes are designed for electrical workers and those who work near live wires. These shoes are made with non-conductive materials and are designed to keep the electrical current from flowing through the wearer’s body by providing necessary insulation.
Finding the perfect fit
Essential safety features: The most crucial aspect to consider when buying safety shoes is their ability to provide adequate protection against hazards. Shoes should be constructed with reliable and durable materials, including metatarsal guards, safety toe caps, and steel plate soles.
Comfort as a priority: Since safety shoes are primarily designed for use in adverse conditions, comfort is crucial. Shoes should have ample room for the toes, support the arch and heel, and be suitable for use in warm and cool climates.
Proper fit for optimal performance: Proper fit and ergonomics are crucial for the effectiveness of safety shoes in the long haul. The instep should fit snugly, and the ball of the boot should hold the ball of the foot for adequate grip.
Durable outsole offerings: In addition to insole safety measures, it is also important to consider the outsole features of safety shoes. Shoes should have a robust build that provides resistance against heat, chemicals, etc.
Balancing cost and quality: While purchasing from a trustworthy brand is recommended, it is also important to ensure that their features and capabilities justify the price of the shoes.
A stepping stone to a safer workplace
To ensure optimal foot safety, having the right pair matters the most. With Moglix as your trusted partner, you have access to wide variety of safety products & services across industries, addressing all types of applications with strong focus on quality and cost efficiency. TRUST MOGLIX for certified & complaint industrial safety products delivered, anywhere in India.
The Evolution of Industrial Piping Systems: Advancements and Innovations
The Evolution of Industrial Piping Systems: Advancements and Innovations
From a limited choice of materials centuries ago to futuristic technology today, our piping systems have evolved tremendously. When the first known pipes were laid, metals were the most preferred industrial pipe materials for various applications. Let us take a trip down memory lane and discover how piping technology has evolved since then.
What the past tells us: A history of industrial piping solutions
A quick history review reveals interesting insights about different types of pipes. The ancient Egyptians had extensive copper piping in place as early as 3000 BCE, connecting and transporting water between their pyramids and temples. Historians and archeologists have discovered that despite the deteriorating conditions of the ancient structures, the copper piping remains nearly intact.
The Romans were another ancient civilization with impressive industrial piping solutions, like the use of aqueducts to source fresh water from mountain springs. However, with the collapse of the Roman civilization, the knowledge of industrial piping applications was lost briefly until modern piping solutions became necessary.
The rise of modern pipes as we know it
With the advent of The Industrial Revolution in the 18th century, the industrial piping sector witnessed various necessary advancements to keep pace with modern needs. Industrial piping solutions then evolved to transport gas and oil commercially.
Today, innovations in piping technology have given us various advantages over the vulnerabilities of ancient and mid-modern piping. Anti-corrosion technology and rustproofing techniques have extended the lives of industrial pipes tremendously. Sensors along industrial piping pathways make it easier to identify damages or leaks promptly.
And the use of different industrial pipe materials for specific applications has dramatically improved overall efficiency. For instance, copper remains in use to transport potable water, while steel may be a better fit for transporting natural gas and sewerage. On the other hand, high-density polyethylene (HDPE) is ideal for gas and oil undersea pipes.
What will the future of industrial piping be like?
The future of industrial pipes looks promising, with new technologies and materials being developed to improve the efficiency of industrial piping systems. Industries are also prioritizing more energy-efficient solutions with a smaller carbon footprint.
One area of focus is using advanced materials like composites to improve strength, durability, and corrosion resistance. 3D printing technology is also being explored to create custom pipes on demand and reduce lead times and costs.
Get a headstart on the journey to the future with innovative piping solutions.
Choosing the right industrial pipe materials is imperative to remain ahead of the curve and future-proof your business. Moglix can help you here with our comprehensive piping solutions that include various types of pipes and pipe fittings sourced from a plethora of top brands in the business. Get in touch with us to know more.
Common Errors in Industrial Pipe Handling and How to Avoid Them
Common Errors in Industrial Pipe Handling and How to Avoid Them
As we take giant leaps into the future today, industrial pipes remain the arteries fueling progress across different sectors of the global economy. They are crucial for transporting water, chemicals and gases over long distances, across borders and even undersea along the ocean floor. The rising importance of industrial piping solutions is reflected in the growth predicted for the global pipe market, which could increase at a CAGR of 4.6% by 2032 (according to Future Market Insights).
That said, it is also vital to pay close attention to the common mistakes when laying, surveying and maintaining industrial pipes for different applications. Data from the U.S. Department of Transportation (DOT) lists several potential causes for leaks and accidents, including corrosion, welding defects, operator error and pipe defects.
If you are working with industrial pipes, it pays to be aware of the common pitfalls to avoid.
3 errors to avoid in industrial pipe handling
Several common mistakes can occur during industrial piping system design, installation, and maintenance. Here is a preview of the top vulnerable areas and how to avoid them.
Mistake #1: Improper cleaning and fitting
Installation of industrial piping requires tremendous precision and adherence to safety practices. To optimize their usable lives, the pipes need to be cleaned and prepared correctly before they are installed in the infrastructural framework. Furthermore, it’s also imperative that the piping is fitted in the right manner, so it remains free from potential damages and vulnerabilities.
The silver lining is that such mistakes can be avoided simply through proper and thorough planning before laying the pipes. You can seek expert assistance in this regard to ensure the pipes are fitted faultlessly.
Mistake #2: Choosing the wrong kind of pipe fittings
There are different kinds of pipe fittings, such as elbows, reducers, unions, couplings, crosses, plugs, adapters and caps. Each type of fitting has its own unique function, and using the wrong type of fittings, such as a reducer unit in place of bushings, can lead to the failure of the piping system sooner or later.
The solution to avoid this error is to seek the relevant expertise and use the right fittings for the right purpose.
Mistake #3: Ignoring manufacturer recommendations
Manufacturer recommendations for industrial pipe fittings may include information on proper installation and maintenance, suggested operating conditions and pressure ratings, and compatibility with specific types of pipes and fluids.
Additionally, manufacturers may also provide guidelines for the handling and storage of the pipe fittings. It is important to follow these recommendations diligently to ensure the safe and efficient operation of the pipe fittings.
A reliable sourcing partner can make your industrial piping solutions fail-safe.
You can avoid the costly errors discussed above by choosing a comprehensive piping solutions partner like Moglix. We provide various types of industrial pipes and pipe fittings from a variety of brands. In addition to being a one-stop solution for all your piping requirements, we also offer safety audit solutions.
Pipe Dreams: How Industrial Piping can aid a circular economy
Pipe Dreams: How Industrial Piping can aid a circular economy
With sustainability and environmental awareness becoming hot topics in various industries today, the term ‘circular economy’ is becoming increasingly common. At its core, a circular economy is an economic system that aims to keep resources in use for as long as possible, extracting the maximum value from them while minimizing waste and pollution. Interestingly, there’s an unlikely but essential area to focus for commercial enterprises, while making the journey from a linear to a circular system — Industrial pipes.
Industrial pipes: A crucial piece of the puzzle in achieving circularity
Industrial piping is an indispensable part of modern infrastructure. Poor choice of industrial pipe materials could not only cost your business lakhs of rupees in extensive maintenance and repair but could also have severe and far-reaching environmental consequences.
Copper pipes, for instance, are particularly vulnerable to pinhole leaks arising from pitting corrosion. Debris can also be incredibly harmful in copper piping, resulting in uneven corrosion and causing some parts to decompose faster. Galvanized steel is a bit more rust-resistant, but piping in this category with threaded ends can be prone to leaks.
Water leakage from such industrial piping can cause the wastage of precious resources. And if the materials that leak into the surrounding environment are harmful industrial chemicals and gases, they could affect the immediate ecosystem severely.
Sustainability in different types of industrial pipes
Your business can avoid these grim prospects by choosing the right type of industrial pipes. Industrial pipes can also contribute to a circular economy in many ways. For example, pipes made from recycled plastic or metal can save on the use of virgin resources and reduce wastage.
Pipes made from durable and long-lasting materials can also be used longer, further extending the use of resources. They can also be efficiently processed at the end of their usable life, avoiding additional environmental harm. The bottom line is that the right kind of industrial pipes could pave the way for a circular economy by conserving resources, decreasing waste, and curbing pollution, all while efficiently facilitating the recycling and reuse of materials.
Choose sustainable industrial piping solutions today
Sustainability is the mantra driving the journey into the future, and industries today need to focus on choosing industrial pipe materials that check this box. Partnering with a comprehensive piping solutions partner like Moglix can make this much easier for your business. We help businesses in various industries find the right type of industrial pipes and pipe fittings for multiple applications from various brands without compromising the overall profitability of your venture. Know more
10th Task Force Meeting & Brand Connect, Bhubaneswar
10th Task Force Meeting & Brand Connect, Bhubaneswar
Date : December 15, 2022
Organizer: Construction Industry Development Council (CIDC)
About the Event: Mr. Adhyan Anand, Associate Director, Infra & PSU, Moglix Business recently addressed the community of EPC companies and OEMs that are building India’s infrastructure, at the Bhubaneswar Chapter of the 10th Task Force Meeting & Brand Connect of the Construction Industry Development Council (CIDC).
Common types of Safety Audits: What are they?
Common types of Safety Audits: What are they?
Every organization has several processes to ensure workplace safety, such as fire safety protocols and emergency exit routes. Adherence to workplace safety norms is one of the most significant indicators of an organization’s operational efficiency and commitment to the safety and health of its workforce. Since workplace safety is affected by many factors, it is pivotal to conduct safety audits periodically.
What is A Safety Audit?
A safety audit is an inspection to ascertain the efficacy of an organization’s workplace safety and health management systems. During a safety audit, data about an organization’s existing workplace safety and health protocols are recorded, analyzed, and compared to the regulatory compliance norms. In the previous blog on safety audit 101 we delt with broader types of audits, in this blog we go a little granular.
Types of Safety Audits
There are five major types of audits, namely, Electrical Safety Audit, Fire Safety Audit, Environment Safety Audit, Occupational Health & Safety Audit (OSHA), and Wash Audit. Each of these safety audits has a different scope and purpose; you must have clarity on your audit requirements to choose the right type of safety audit.
Electrical Safety Audits
Electrical Safety audits evaluate the safety and security of electrical installations prone to fire hazards. This encompasses a thorough inspection, testing, and verification of all kinds of electrical equipment and appliances in a facility. It also aims to identify possible hotspots, review emergency procedures and mitigate future risks to ensure compliance with applicable Safety Standards and Regulations. Reach out to us if you need to conduct a electrical safety audit.
Fire Safety Audits
Fire safety audits encompass various elements, like a review of your organization’s fire safety policy, assessing the level of competence of personnel in fire safety roles, and compliance with national legal regulations. These audits include onsite visits, interviews with different people in the organization, mock drills, document reviews, and more. Businesses of different sizes and sectors can benefit from fire safety audits. Reach out to us if you need to conduct a Fire safety audit.
Environmental Safety Audit
With sustainability increasingly prioritized across all industries globally, environmental safety audits are growing more relevant by the day. This kind of audit is suitable for all businesses — no matter their ecological management stage. It involves assessing the current policies and processes, identifying gaps in compliance, improving environmental responsibility, and implementing best practices. Reach out to us if you need to conduct an environmental safety audits.
Occupational Health and Safety (OSHA) Audit
Occupational Health and Safety audits identify risks and hazards in general workplace safety. This covers various aspects of today’s workplace, such as ventilation, waste management, housekeeping, medical aid, workstation ergonomics, and even management safety. Audit teams review OSHA elements, offer recommendations, and facilitate benchmarking against industry best practices. Reach out to us if you need to conduct a OSHA audit.
WASH Audit
An acronym for Workplace Assessment for Safety and Hygiene, WASH audits ensure that your organization adheres to the safety and hygiene guidelines notified by the Ministry of Home Affairs and other local, state, or national governmental entities. In addition, WASH audits assess how accessible and safe your company’s sanitation and water facilities are, identify areas for improvement and eliminate the risks associated with poor workplace hygiene. Reach out to us if you need to conduct a WASH audit.
Invest In Periodic Safety Audits
Since safety audits are instrumental in identifying gaps in an organization’s workplace safety norms, it is pivotal to ensure that such audits are carried out periodically. Should you require certified professionals to conduct any type of safety audit you can contact our team. At Moglix, we partner with organizations to provide safety solutions that go beyond just procurement of safety supplies. Our understanding of the entire value chain allows us to assist in essential actions like safety audits & end user training, that are often ignored, but important to create a safety culture within any organization. Reach out to us to know more on conducting safety audits for your facility or workplace
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