25 February 2013
INFRASTRUCTURE IS THE GAME CHANGER FOR INDIA IF WE GET OUR ACT RIGHT: KAMAL NATH
Top public and private sector organizations bag KPMG-Infrastructure Today Awards 2013
New Delhi, February 25
The annual award event organized by Infrastructure Today, India's premier magazine for nation builders, in association with KPMG, recognizes excellence in infrastructure sectors. This year, awards were held for fifth year in a row, gracing the occasion was the Minister for Urban Development, Mr. Kamal Nath, an enthusiastic advocate of PPP model, pleased with the central and state governments' increasing adoption of the public-private partnership (PPP) model for infrastructure projects, Mr. Kamal Nath emphasized the need for more partnerships. Mr. Nath presented trophies to PPP projects in Transport, Urban Infrastructure, Power, Enabling Central and State Agencies, and Financiers.
Mr. Nath was speaking as Chief Guest at the 5th KPMG Infrastructure Today Awards 2013, held on Monday, 25 February at The Oberoi hotel in New Delhi, amidst 250 top practitioners and media persons.
Mr. Nath, in his address, congratulated the winners and expressed his content at the recent progress made by the industry. He said, "For India to become an economic superpower, we must get our infrastructure act right. So I'd like to compliment Infrastructure Today and KPMG for instituting these awards in the important area of PPP."
Mr. Nath was joined on stage by the awards organizers Mr. Pratap Vijay Padode, Editor-in-Chief, Infrastructure Today, Mr. Arvind Mahajan, Partner and Head of Global Infrastructure and Energy and Natural Resources for KPMG in India and James Stewart, Chairman Global Infrastructure, KPMG. Mr. Padode in his opening address said, "The 5th KPMG - Infrastructure Today Awards has been a timely emphasis to the government of the need to provide momentum to this sector without which India cannot achieve its targeted GDP growth and having Minister Kamal Nath's affirmation just before the Budget, we are hopeful of seeing radical changes in project execution in the year ahead." Mr. Mahajan mentioned that in a challenging year for the sector as whole the award winners were role models of excellence to be emulated by others in the sector and the government needs to do more to ensure the unfinished India infrastructure story is facilitated to the next level of growth. He further added "India need to make significant investment in the world class infrastructure to achieve it inclusive GDP growth".
12 private and public sector organizations received awards under different categories:
|Most Admired Infrastructure Company - Power
|Most Admired Infrastructure Company - Renewable Energy
||NSL Renewable Power Private Limited
|Most Admired Emerging Infrastructure Company - Power
||Jaiprakash Power Ventures
|Most Admired Infrastructure Company - Transport
||IL&FS Transportation Networks (India) Limited (ITNL)
|Most Admired Emerging Infrastructure Company - Transport
|Most Admired Emerging Infrastructure Company - Water and Urban
|Most Admired Infrastructure Company - Overall
||GMR Infrastructure Limited
|Most Admired State Entity promoting PPP
||City and Industrial Development Corporation (CIDCO)
|Most Admired Central Entity promoting PPP
||Planning Commission, Government of India
|Most Admired Infrastructure Debt Financer
|Most Admired Infrastructure Private Equity Financer
|PPP Project of the year
The awards are independently adjudged by the jury, comprised of the following personalities this year:
- Rajeev Sinha, Wholetime Director, Mundra Ports & SEZ
- Ramesh Chandak, Managing Director & CEO, KEC International Ltd.
- Sunil Kanoria, Vice Chairman, SREI Infrastructure Finance Ltd
- Tilak Raj Sheth, Head Infrastructure, Siemens
About the organizers:
Infrastructure Today, an international award-winning publication from ASAPP Media Information Group, is the most read magazine in India on the infrastructure sectors. It partners in the nation's building process by offering valuable information, insights and analyses. Its readership profile includes policymakers and public office bearers, town planners, investors, contractors, developers, consultants, utility providers, engineers, banks and financial institutions, educators and researchers, and decision makers in other organisations that provide products or services to the infrastructure sectors. The magazine is present in high-power seminars and conferences. It also organizes several sectoral conferences.
KPMG in India is the Indian member firm of KPMG International and was established in September 1993. It strives to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and its experience of the Indian business environment. KPMG in India provides services to over 2,700 international and national clients in India and has offices in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkata, Chandigarh, Ahmedabad, Pune and Kochi.
For further information, kindly contact:
For more information contact:
Amit@ASAPPmedia.com / +91 9819197817
ASAPP Media Information Group
A-303, Navbharat Estates, Zakaria Bunder Road, Sewri (west), Mumbai - 400015. India.
Tel: +91 22 2419 3000 | Website: www.InfrastructureToday.co.in