Tweet: India now major market for aircraft manufacturers of all ranges. Market expected to grow by 10% annually for next decade, double global rate.
Good news—aviation market up and away: India is one of the fastest growing aviation markets and is poised to become one of top three globally in the next 20 years.
Tweet: Wake-up call for Mumbai Airport ATC & DGCA: ToI reports 5 near-miss collisions involving 10 passenger jets between Jan & April this year.
Bad news—flight safety out of control?: A recent report suggests that in four months the Mumbai ATC registered 21 “reportable incidents” as against 19 in 2013. These incidents ranged from aircraft forced to do a second attempt at landing to five events where a collision between planes was averted by a hair-raising 30 seconds.
Tweet: India may now develop Payra Port in Bangladesh. + with involvement in Power, and possibly inland waterway access, India BIG in Bangla infra.
Port partnership: In the wake of the Prime Minister’s recent visit to Bangladesh, the Indian government is planning to participate in building a deep-sea port in the neighbouring country. The new port at Payra is expected to come up between two existing ones in Chittagong and Mongla.
Tweet: Collaterals confusing: 1.2% growth in Rly freight tonnage across April-May does not gel with growth statistics. (Bank credit growth too?)
GDP growth—mismatched numbers game?: Many experts have expressed misgivings about the new series of GDP figures vis-a-vis other related economic data, including railway freight tonnages, bank credit growth, manufacturing output growth and corporate earnings.
Tweet: Prabhu right in suggesting integrated transport systems for cities. But Ind Rlys should stay out as (it) has enough challenges at national level.
Integrated transport systems—the way forward: Along with modernising the Indian Railways, minister Suresh Prabhu has proposed integrated transport systems as a solution towards decongesting cities. Plans are already afoot in Mumbai, Bengaluru and Chennai.
Tweet: GDP growth mismatchNew NHAI Chairman should be chosen astutely. Needs to combine visionary prowess along with administrative acumen. And hold his/her own.
Hunt for NHAI chief picks up pace: To keep pace with transport minister Nitin Gadkari’s plan of building roads at the rate of 30 km a day, the government is expected to announce the appointment of a new NHAI Chairman soon.
Tweet: Good to see NHAI on problem-solving mode ~ asks developers with financially stuck projects to approach NHAI for top-up funds infusion.
NHAI to the rescue: The NHAI will provide funds to stressed projects that are in the final stages of completion. The decision is expected to benefit stuck BOT projects that are at least 50% completed.
Tweet: Urban transformation getting highest political attention. PM to address 500 city chiefs on June 25, and launch clutch of Central programs.
Urban development to get a fillip: Kicking off three big-ticket projects including Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation and Pradhan Mantri Awas Yojana, the government will bring together 500 civic body chiefs to brainstorm a vision for emerging urban India.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—with a brief backgrounder—in the infra space, by Adite Banerjie