In an interview with Construction Week Online, Srinivash Singh, MD, McNally Bharat Engineering talks about the potential of eastern city Kolkata.
What is the current scenario in Kolkata in regards to construction activities and project developments?
Currently Kolkata is witnessing three new construction projects where huge investments are being made. The new Kolkata airport is coming up at an investment of Rs2,500 crore. The East West Metro Rail is coming up at an investment of Rs5,000 crore and a 9 km flyover is being built connecting Park Circus to Eastern Metropolitan Bypass at a cost of Rs400 crore. Apart from these, thousands of apartments are under construction in Rajarhat, the New Town coming up in the Easter part of Kolkata.
Is the socio-economic and political situation in the city conducive enough to do business there?
The city has a large base of young educated boys and girls and is an ideal destination for new age industries such as IT, BPO and Telecom.
The state has been politically stable for decades. Moreover, the infrastructure in Kolkata has improved considerably over the last few years, which is attracting a number of multinationals and large groups to set up shop here. The retail segment specially has seen a boom with a number of shopping malls springing up all over the city.
What are the potential growth sectors in Kolkata?
The potential growth sectors in Kolkata are IT sectors, services sector like retail, entertainment, hospitality, real estate business and manufacturing industry such as leather, jewellery etc.
What are the major projects that you are implementing in the city?
Since we are an EPC company our activities are spread all over the country and our manufacturing activities are located in Asansol, Kumardhubi, Bangalore and Baroda. In Kolkata we have our design and engineering center and R&D activities, which are being strengthened as required
What are the other major big infra projects that are under implementation in the city?
The major projects going to be implemented in the coming years are Metro Rail extension upto Dakshineswar, Barrackpore and Barasat; the next big project is East-West metro rail; construction of the new airport; completion of Kalyani Expressway and construction of other roads and flyovers in the city.
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