Strengthening Supply Chains: Unlocking Efficiency for Optimal Performance
Strengthening Supply Chains: Unlocking Efficiency for Optimal Performance
In this era of connectivity, strategic digital shifts are reshaping supply chain dynamics, proving to be a game-changer for global businesses. Prioritizing digital transformations to fortify supply chains is essential for enhancing efficiency, managing risks, and achieving ESG goals. Businesses worldwide are leveraging technology to address long-standing bottlenecks disrupting regular operations.
Read More2024 Procurement Outlook for CEOs of Infrastructure Project Developers in India
2024 Procurement Outlook for CEOs of Infrastructure Project Developers in India
The 2024 procurement outlook presents a mixed bag of challenges and opportunities for CEOs of infrastructure project developers in India. While the current economic downturn has instilled a sense of caution, 2024 holds promise. India is planning to invest nearly Rs 143 lakh crore in infrastructure over seven years through 2030 – a substantial increase from the Rs 67 lakh crore in the preceding period. That said, CEOs should focus on four major key areas to optimize their supply chains and to drive growth and innovation in their projects in 2024.
4 Sectors CEOs of Infrastructure Project Developers in India Should Watch Out in 2024
Roads and Highways
The Union Budget 2023-24 has allocated an enhanced outlay of ₹1.62 lakh crore to the National Highways Authority of India (NHAI) as part of MoRTH’s capital expenditure plan for the current fiscal year. The budget also marked a notable hike in capital expenditure of NHAI projects with an additional allocation of INR 70,000 crores. Looking at this level of commitment, CEOs must expect even greater momentum in 2024 from the Government of India in the upcoming union budget. As the government is planning for faster completion of projects in 2024, you can expect faster approval of procurement to facilitate smoother transportation and logistics across the country.
Power T&D
India’s transmission and distribution (T&D) segment is also trying to achieve notable progress in grid physical structure expansion and technological advancements. Under the Green Energy Corridors (GECs) program initiated in 2015, India is aspiring to lay out 9700 KM of interstate T&D lines with 22,600 MVA of substation capacity by 2024. Nearly INR 500 crores are anticipated to be invested in T&D lines for 22,000 MVA capacity to upgrade the existing power transmission network.
Renewable Energy Generation
Green energy is one of the major areas of focus under the Amrit Kaal scheme for the next 25 years. A whooping ₹35,000 crore has been sanctioned for “priority capital investment” to push green hydrogen promotion through building renewable energy projects of 4,000 MW hours capacity. The budget for solar power has been raised to ₹4,970 crore, up from ₹3,469, to build solar grids worth 10,000 MW capacity. Additionally,₹19500 crores program to boost the National Green Hydrogen Mission is also on the cards. The aim is to increase the total renewable energy capacity by four times by 2030.
Ports
Ports carry 90% of international trade by volume. That’s why the GOI has set an ambitious target of meeting a $1000 billion export target for FY 2025-2026. 225 projects of ₹2.17 lakh of revenue capex are already in the implementation stage, and there will be a greater focus on single window clearance under PM Gati Shakti in 2024. For CEOs of infrastructure project developers, this represents a massive opportunity for bidding and involvement in diverse projects to generate revenue and develop strategic partnerships.
How CEOs of Infrastructure Project Developers Should Gear Up Their Supply Chain in 2024?
In 2024, CEOs of Infrastructure Project Developers should focus on the agile completion of projects in the PM Gati Shakti‘s Harmonized Master List (HML) by establishing a working capital green channel for swift OPEX purchases. Prioritizing the upgrade of legacy IT assets, like ERP, is crucial for digital procurement transformation. Additionally, adopting a site aggregation model based on vendor consolidation for construction material procurement will enhance efficiency. Implementing an end-to-end analytics dashboard for weekly progress reviews of HML projects will further streamline operations and ensure timely project completion. Visit Moglix’s infrastructure management solutions to learn more about procurement of TMT steel bar, crash barriers, bitumen and more.
Empowering India`s Green Energy Independence: Formulating a GigaFactory Roadmap After COP28
Empowering India`s Green Energy Independence: Formulating a GigaFactory Roadmap After COP28
As India stands at the crossroads of environmental stewardship and economic advancement, GigaFactories emerge as catalysts for both. Facilitating collaboration among policymakers, industry leaders, and suppliers holds the key to unlocking the vast potential within these green manufacturing powerhouses. This has the capacity to propel India toward self-reliance in green energy, charting a course for a cleaner and brighter future for generations ahead.
Read MoreUnion Budget 2024: Navigating Connectivity and Digital Transformation for a Resilient Future
Union Budget 2024: Navigating Connectivity and Digital Transformation for a Resilient Future
The focus on physical and digital connectivity remains strong in government budgets, continuing into Union Budget 2024. The next phase entails a comprehensive digital integration across infrastructure project sites, power plants, and substations, necessitating increased SaaS investments. This strategic move aims to redefine infrastructure and manufacturing services.
Read MoreBuilding 2024: Constructing Future Supply Chains with Technology, Localization, and Resilience
Building 2024: Constructing Future Supply Chains with Technology, Localization, and Resilience
In today’s business landscape, achieving supply chain resilience is critical for seamless operations in the face of uncertainties. A lack of resilience can result in an inability to meet demands and maintain quality, leading to significant revenue loss. Gartner reports that only 21% of supply chain businesses feel confident in their highly resilient networks. The ongoing disruptions highlight the urgency of prioritizing resilience, making it a crucial factor that often sets industry leaders apart from the competition.
Moglix to Harness UAE`s B2B E-Procurement Potential
Moglix to Harness UAE`s B2B E-Procurement Potential
Moglix’s strategic establishment in Dubai plays a crucial role in enabling Indian businesses to capitalize on the UAE’s re-export capabilities, effectively broadening their global market reach. According to Mr. Malviya, Dubai’s exceptional infrastructure, strong connectivity, and business-friendly environment position it as the ideal hub for Indian businesses aiming to enhance their global market presence.
Read MoreRapid Integration of the Indian Tyre Industry into Global Supply Chains
Rapid Integration of the Indian Tyre Industry into Global Supply Chains
India is transforming the tyre manufacturing landscape, anticipating a 2.5x revenue surge from $9 billion to $22 billion over the next decade. The Indian Tyre industry, currently reaching customers in 170 countries, attributes its success to a combination of quality, cost-effectiveness, and advanced manufacturing.
Government initiatives, such as countervailing duties and Atmanirbhar Bharat, play a pivotal role in reducing imports and propelling industry growth. Consistent raw material supplies, coupled with innovations like smart sensors and self-healing tires, along with a notable 50% export increase in 2022, underscore the upward trajectory of India’s tyre industry.
Read MoreTop 5 Railway Stations in India Which Are Design Engineering Marvels
Top 5 Railway Stations in India Which Are Design Engineering Marvels
Have you ever wondered how design engineering transforms travel experiences in railways? Indeed, we do not need to look anywhere other than India’s top railway stations to find the answer. But do you know what design innovations have gone into their engineering to make them highly functional for the public? Let’s find out by analyzing the engineering prowess of 5 top railway stations in India.
1. Castle Rock Railway Station
This small railway station serves Castle Rock city in Karnataka. Surprisingly, it was the only railway station where a passport was checked for onward journey. This standard (on-ground) station, because of its close proximity to Dudhsagar Falls, has been majorly designed using corrosion resistant steel. The aim is to protect the infrastructure from moist air known for causing damage through corrosion. The same material has been used for trough floor, pillars, sidewalls, as well as roof of the station. Also, the internal surface of storage water tanks and pipes has been painted with a bituminous anti-corrosive solution.
2. Ghum Railway Station
Ghum railway station is the highest railway station in the world (7,407 ft) from Darjeeling. Serving at such a staggering height has become possible with the use of high-accuracy railway casting. They are made up of carbon steel and low alloy steel to withstand extreme weather conditions and geological challenges. Also, highly praise-worthy engineering goes into striking design accuracy to prevent any potential derailment or structural failures. Here precision of railway casting isn’t just a matter of quality but a cornerstone of safety and functionality.
3. Howrah Railway Station
Howrah railway station (Kolkata) is India’s 2nd oldest and busiest railway station, with 23 platforms facilitating 974 trains and 3 million people daily. All platforms run parallel to each other and are well-organized. Surprisingly, this is the only railway station with a road between 23 platforms to help people reach either end of the platforms with ease. Furthermore, the use of high-precision casting contributes to the longevity of the infrastructure.
4. CST Railway Station
The Chhatrapati Shivaji Maharaj Terminus (CST) in Mumbai, formerly known as Victoria Terminus, is known due to its exemplary design engineering. This historic station is a brilliant example of Victorian Gothic Revival architecture blended with functional ingenuity. An intricate network of platforms, tracks, and signaling systems is engineered to optimize the efficiency and safety of the CST railway station. Additionally, the station’s layout is masterfully planned to accommodate retail spaces, waiting areas, and administrative offices without compromising passenger movement.
5. Charbagh Railway Station
Charbagh Railway Station in Lucknow combines the design engineering of Mughal and Rajput architectural styles. Interestingly, the aerial view of the station appears like a chessboard. All platforms are spacious, with well-planned tracks and advanced signaling systems to facilitate smooth train operations. This also ensures the safety of passengers. Its symmetrical layout of platforms, waiting rooms, and ticket counters optimizes passenger flow and minimizes congestion.
If you’re curious about utilizing trending design engineering solutions for your next project, let Moglix be your ideal guide. Whether it’s about the best use of corrosion resistance steel for your construction or blueprinting fabrication ideas for standardized parts, visit Moglix’s fabrication solutions to get your inspiration.
Recapping 2023: Revealing the Industry-Altering Tech Trends of the Year
Recapping 2023: Revealing the Industry-Altering Tech Trends of the Year
In 2023, various industries experienced substantial changes fueled by the introduction of innovative technologies. The convergence of AI breakthroughs and the incorporation of sustainability into technology marked the year with pivotal advancements. Delve into the notable tech trends across diverse sectors that are paving the way for new possibilities in the future.
Read MoreTop Sea Beaches in India with the Infrastructure for the Best Travel Experience
Top Sea Beaches in India with the Infrastructure for the Best Travel Experience
What makes India’s leading sea beaches not just beautiful but also infrastructurally sound for an exceptional travel experience? Let’s explore India’s premier sea beaches to uncover their unique infrastructural features that attract global travelers for convenience and comfort.
Sea Beaches in Southern India with the Best Infrastructure
Kovalam Beach, Kerala
Kovalam Beach’s seamless connectivity includes efficient roads of the best quality bitumen and public transport like the nearby Trivandrum Airport and railway station. Kovalam is being developed as part of the Coastal Highway project. The highway connects with the existing bypass road to Kumarichantha.
Rushikonda Beach, Visakhapatnam
Rishikonda Beach benefits from the robust Visakhapatnam Airport and railway station. You can reach the beach from Visakhapatnam by well-developed Vizag-Srikakulam and Chennai-Kolkata Highways in under 50 minutes.
Calangute Beach, Goa
Famous Calangute Beach enjoys access through Goa International Airport and Thivim railway station. The fastest route to Calangute Beach from the airport is by NH66, other than NH748 and Hathkhamba-Goa road.
Marina Beach, Chennai
Marina Beach, one of the world’s longest urban beaches, leverages the efficient Chennai airport and railway station. The beach is well accessed by Chennai-Trichy Highway, Grand Southern Trunk Road, and Wallahjah Road.
Mahabalipuram Beach, Chennai
A short, scenic drive from Chennai along the acclaimed East Coast Road takes you to lovely Mahabalipuram Beach. The durable, corrosion-resistant steel used in construction ably resists corrosive air and offers protection.
Sea Beaches in Eastern India with the Best Infrastructure
Digha Beach, West Bengal
Scenic Digha’s accessibility owes much to thoughtful planning. The well-connected Digha Flag Station Railway serves this popular beach town, while NH16 and NH16B exemplify the beach’s connectivity to the urban city.
Shankarpur Beach, West Bengal
Serene Shankarpur benefits greatly from Kolkata’s proximity and roads. Highways NH 116B and NH16 facilitate comfortable and swift travel from the airport.
Gopalpur Beach, Odisha
Gopalpur enjoys a major railway just 16 km away in Brahmapur for ease of access. Lined by lush greenery, the smooth NH16 roads create pleasant journeys to this beach destination from the capital city of Odisha, Bhubaneswar.
Puri Beach, Odisha
Renowned beach and spiritual destination Puri connects seamlessly through Bhubaneswar, one of the top smart cities in India with best urban infrastructure planning. The superbly maintained Bhubaneswar-Puri Highway deploys top quality bitumen as a model of quality infrastructure.
Konark Beach, Odisha
Konark’s accessibility via roads from Bhubaneswar displays the best urban roads with leading infrastructure standards. For instance, the use of premium bitumen in Pipli – Konark Rd ensures smooth drives reflecting the region’s excellent planning.
Conclusion
Interested to know how efficient construction raw material procurement and well-planned infrastructure supply chain solutions can make infrastructures highly sought-after? Explore Moglix’s infrastructure solutions to learn more about the procurement of construction raw materials such as steel TMT bars, crash barriers and bitumen.
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