Opportunities in Engineering Consultancy and Infrastructure Sector in India

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Opportunities in Engineering Consultancy and Infrastructure Sector in India

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As we all know that India is currently one of the fastest growing economies in the world. Experts believe that the country is all set to become the global hub of the future for manufacturing, engineering, tourism and services. The government has realized that the existing infrastructure can come in the way of achieving the country’s ambition of becoming a major global economic superpower. To address this challenge, the government has promised to invest about one trillion dollars for the development of strong infrastructure. While the intention and funds are indeed laudable, we will also need, a genuine pool of experts with rich experience and expertise who can provide sustainable solutions that will meet the infrastructure needs of the country.

For example, from the administration point of view, the government has allocated Rs 111 crore under NIP for the financial year 2019 – 25. energy road, urban and railway India accounts for 71 per cent of the estimated infrastructure investment. The online “holistic governance” system – PM Gati Shakti – aims to reduce logistics costs and boost the economy with a planned national infrastructure pipeline. This digital platform connects 16 ministries, including Roads & Highways, Railways, Shipping, Petroleum & Gas, Power, Telecom, Shipping and Aviation, to ensure holistic planning and execution of infrastructure projects. This initiative will go a long way in enabling various government departments to synchronize their efforts in a multi-modal network. In addition, other government initiatives such as the asset monetization scheme and new guidelines on procurement, are currently moving the Indian infrastructure space in the right direction.

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Over the past two years, the COVID-19 pandemic has posed unprecedented challenges and in many cases, business continuity plans are being put to the test for the first time. Though the project implementation cost may not be affected in the long run, the projects under development are facing undue delay due to adverse geography, non-availability of manpower and impact of pandemic in and around the project sites.

There is no doubt that strong infrastructure is the need of the hour to give the much needed push to the economy. The introduction of coastal road projects and inland waterways testify to the fact that the government is planning to build alternative modes of transport to reduce the dependence on roads and rail alone for logistics.

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Engineering Consultancy Services is one of the many consultancy domains that have seen its importance increasing, especially with the emphasis on infrastructure services in developing countries like India. The strong and consistent emphasis on self-reliance or AatmanBharat in India’s economic development programs over the years by the Government of India has enabled the country to create a vast and multifaceted cadre of professionals with expertise and skills across a vast and broad spectrum. Dicipline. A major part of this workforce is the growing consulting sector of the country which has been offering its accumulated experience and expertise at home and abroad.

As these consultants come with prior experience and exposure in projects, they bring viable solutions that are already in place. This experience saves a lot of time and also helps in optimizing the available resources by minimizing wastage. Additionally, since these consultants have knowledge of global projects and industry best practices, the solutions they offer are at global standards.

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For example, when the intention was announced by the government to develop smart cities, there was a lot of confusion about what exactly are smart cities and what parameters should be considered for a city to be called smart . The government constituted a panel called Smart PIT (Project Initiative Team) to determine these factors. Aegis, a consultancy firm with vast experience in developing multiple smart cities across the globe, was selected as one of the team members to develop the infrastructure for smart cities in the country. Aegis has worked extensively in setting up smart cities of Jaipur, Ajmer, Bhubaneshwar, Chandigarh and Faridabad.

Infrastructure is a complex entity and problems often need to be addressed at multiple levels and with permanent solutions. For example, a metro that is meant for smooth transport is incomplete unless last mile connectivity is offered. Therefore, consultants with experience in similar projects can offer solutions that are all-encompassing. Being an independent third party expert, they can provide unbiased opinion which is best suited for a particular project. In many cases, the reputation of the consultant also adds value to the project.

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Infrastructure is a dynamic and rapidly evolving domain. As such, there are always better innovations available that can offer sustainable solutions at the lowest cost. It is not possible for customers or their teams to be on top of this kind of development. The global consultants who are working on these projects regularly can help bridge the gap and ensure that clients get the best value for the capital invested, by minimizing risk, and providing new technology, engineering And take advantage of the processes.

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