As a key stakeholder contributing in the on-going phase of infra construction development seen in our country, how do you rate the progress attained so far?
India’s infrastructure sector is evolving with fast track developments in Highways, Airports, Metro Rail Projects and Railway Network. Infrastructure and construction sector has the 2nd largest share in in FDI inflows. IntheUnionBudget2018-19,the Government of India has given a massive push to the infrastructure sector by allocating Rs. 5.97 lakh crore (US$92.22billion)for the sector. The Government of India is giving huge impetus for development of infrastructure and construction services through focused policies such as open FDI norms, larger budget allocation to infrastructure sector, Smart City mission, etc. We are offering support to infrastructure and construction sector by providing a secure environment for the ongoing projects. We are India’s leading provider of Video Surveillance, Access Control, Intruder Alarm, Video Intercom systems and solutions. We are a key stakeholder in Smart City and Safe City Projects. We are also securing the residential, commercial buildings in Tier-I, Tier-II and Tier-III cities with our advanced security systems and solutions across India.
What are the steps that has to be taken to propel the infrastructure sector to attain transition to “Developed Zone”?
The government has shown the firm resolve and intent with new initiatives and public private partnership projects. With government initiatives like ‘HousingforAll’ and ‘SmartCityMission’ the Government of India is working on reducing bottlenecks and impeding growth in the infrastructure sector. Rs. 2.05lakhcrore (US$31.81billion) will be invested in the smart cities mission.The government has permitted 100 percent FDI under the automatic route across various infrastructure sectors. The government has so far ensured a robust policy framework to propel the infrastructure growth.
Which among the key infra-sectors, in your opinion, will emerge as the ‘Game Changers’ pushing India’s economy to the ‘Developed Cadre’?
We foresee that ‘Smart City Mission’ and ‘Bharatmala Pariyojana’ will emerge as the game changers for India’s economy. The government is investing heavily in Smart City Mission, Affordable Housing for All, Highway, Urban Transport, Airports and Renewable Energy projects and Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Bharatmala Pariyojana is a centrally-sponsored and funded road and highways project of the Government of India. The total investment for 83,677 km committed new highways is estimated at Rs. 5.35 lakh crore (US$77 billion), making it the single largest outlay for a government road construction scheme. Bharatmala will connect 550 district headquarters (from current 300) to minimum 4-lane highway by raising the number of corridors to 50 (from current 6) and move 80 percent freight traffic (40 percent currently) to national highways by connecting 24 logistics parks, 66 inter-corridors of total 8,000 km, 116 feeder routes of total 7,500 km and 7 north east multimodal waterway ports.
How are you going to leverage the opportunities upcoming infrastructure projects are going to offer?
We are well poised to serve the advanced surveillance and security solutions to the fast growing infrastructure and construction sector. We are an integral part of the key smart city and safe city projects. In the real estate and construction sector, we have partnered with India’s leading construction companies in their residential and commercial projects. The ‘Make in India’ initiative has given a major boost for Hikvision products in the Indian market. The successful foray into the ‘Make in India’ initiative by Hikvision will further reduce the total cost of ownership of surveillance and security systems in Safe City and Smart City projects.
What is your take on the current technologies for infrastructure sector and what are the technologies required for smooth transition to “Developed Zone”?
Hikvision has introduced many new and advanced technologies like IoT (Internet of Things) to deploy smart applications across verticals in India. These vertical solutions refer to Smart City, Safe City, Retail, Banking, Hospitality, PPOG, Real Estate, Pharma, Healthcare, Heavy Industries, Transportation, Mining, Homeland Security, Critical Infrastructure, etc. The latest products and solutions include advanced video surveillance, access control and intruder alarm solutions. Hikvision’s other innovative offerings include, smart pole, emergency call box, under vehicle surveillance system (UVSS), intelligent traffic management solutions, mobile enforcement and mobility solutions, etc.
How do we create an environment that enables entrepreneurs and markets to make decisions that create value and jobs?
First and foremost government has to create a very conducive ecosystem for entrepreneurs, enterprises, businesses, industries and start -ups. We need to develop and inculcate the spirit of entrepreneurship among the generation next. We have to change the work habits and productivity in the wake of global competition. Apart from upskilling the workforce, we need to follow a collaborative approach to add value. We are happy that our ‘Make in India’ initiative has contributed significantly to the job creation and youth empowerment in the region.
Where do you see your organization placed in this growth run and what measures need to be focused by the coming Government to chip in more participation from investors and private players (national as well international) – to make the process of development economically viable?
We are positive about the new government’s vision and mission for a new empowered and development driven India. It is inspiring to see the government’s specific thrust on fast track infrastructure development. The current state of the physical security market in India is very conducive to growth and expansion. Apart from the eight metro cities, India’s vast network Tier -II and Tier-III cities are developing fast due to various socio-economic factors. It is heartening to see the impact of pro-growth policies announced by the government to focus on speeding development of infrastructure projects, these policies are yielding some positive results. The three pronged strategy of ‘Smart City Mission’, ‘Digital India’ and ‘Make in India’ programs by the government has created a positive impact on the economy.
@EPC World Media
