(Sustained Modern Agile Resilient Tech-enabled Infrastructure)
India’s CE industry will remain a critical enabler in enabling the achievement of the Government’s plan of making the country a USD 5 trillion economy given that this ambitious target will be largely driven by infrastructure development. Towards this end it is critical to ensure that India’s CE industry is robust and capable of holding strong during different waves of the business cycle. It is also critical for the industry to achieve 3x growth by 2030.
With a view to galvanizing such growth and stability, ICEMA’s S.M.A.R.T Infra panel engages with various stakeholders amongst the end-user industry as well as the Government for mapping the demand and creating an environment for delivery.
The Panel coordinates with stakeholders in the National Infrastructure Plan and the Central and key State Governments to gain long-term visibility of projects pipeline, monitoring of ongoing projects and addressing issues and challenges facing the CE industry.
Enhancement of equipment intensity, use of advanced/high-tech equipment amongst others make a positive impact on infrastructure project turnaround times and help optimize project costs. Using the industry knowledge, the Panel makes recommendations to various Government departments/agencies to help them adopt global best practices in infrastructure projects.
The panel proactively explores potential International Markets and makes recommendations to the government for drawing FTAs, mechanisms/schemes and policies to help boost exports to 15-20% of India’s CE production. An expanded global market is also expected to give a thrust to the country’s supply chain.
To achieve the vision of 3x growth the CE industry is exploring new avenues beyond unit sales of CE equipment. Some of these include life cycle value creation for aftermarket, secondary market, use of attachments. The other areas being explored are emerging sectors for application of CE such as forestry, waste/water management, power installations, demolition and scrap management amongst others. The panel is exploring their potential based on the details in the Vision Plan 2030.