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“The tie-up marks SPML’s entry into trenchless technology. The Indian water and wastewater market is worth more than a billion dollars and is experiencing 15-20% annual growth,” Sethi says.
“The alignment of the domain expertise with technology and innovation is a clear differentiator while developing water management solutions in myriad complex environments and situations,” says Sethi. SPML has been an early adopter of technology and innovation in its project delivery and that has certainly given it an edge. India has already entered the era of infrastructural transformation; innovation will indeed be an important factor.
There was a time in India when infrastructure development was confined to government bodies or public sector companies. Today, we see more and more private participation. In fact, as the country moves ahead, it will be essential to have meaningful partnerships between the public and the private sectors. Sethi echoes this thought clearly.
He believes that it is important to encourage public private partnerships for accelerating the infrastructure growth in our country. “Initiating a long term contractual partnership between private and public sector agencies specifically for financing, designing, implementing and operating infrastructure facilities would be an important step,” he says.
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Notwithstanding the effects of the global financial crisis, there’s a great scope in the country’s infrastructure sector. In fact, the sector has seen unprecedented growth in the last two decades or so and is expected to continue to register an upward trend.
Naturally, many companies including overseas players have been actively participating in India’s infrastructure development for some time now. In fact, more new players are entering the field while the existing players are consolidating their positions and/or are expanding into newer verticals. SPML represents the latter.
Despite the growing number of players, Sethi notes that there’s enough for everybody. “In today’s Indian infrastructure scenario, a lot is happening and there is ample scope for all the players,” he says.
As far as the other players in the same space are concerned, Sethi prefers to call them peers, not rivals. “I would name L&T, IVRCL, Nagarjuna Construction Company Ltd, Jamshedpur Utilities and Services Company Ltd (a Tata Enterprise), Simplex Infrastructures and Kalpataru Power Transmission Ltd as peers and not competitors since at many occasions we have worked in successful collaborations,” he remarks.
It is this healthy respect for peers and the ability to innovate while dreaming big that has brought success to SPML. And it is these very attributes that will take it towards its vision of becoming a complete infrastructure solutions provider.
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