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- I met a road contractor. He bided for the NHAI project on e-tender basis and got the LOA (letter of approval) in three hours on email. In previous era, it used to take six months. The government is planning to spend four times more than last year for building roads. It will be fair to say that ‘acche din’ (good days) are coming for the road sector.
- I met an iron ore miner. As you are aware, many iron ore mines are closed due to court orders. India had to import iron ore in last few years to run its steel plants. Iron Ore mining is likely to begin in Odisha in near future boosting domestic production by more than 20%. Many coal mines will also become operational post auctions to sustain mining boom.
- I met a Railway contractor. He mentioned that railway orders have started flowing with transparency in tendering. As the rules of games are changing there is a little bit of turmoil as old business models are giving way for new and better business models.
- I met a power equipment supplier who mentioned that there is a hope for future as PSUs have started giving orders.-wrote Nilesh Shah, MD Kotak Asset Management
One reply on “Nilesh Shah: Things have started moving…”
These kind of anecdotal references are good talking point. What people are worried is whether Govt is doing big enough things to turn around the economy and whether the efforts and of course the results are visible or not.