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Event | March 2013

Infrastructure sector expects radical changes in a year

Top public and private sector firms including power companies bag KPMG-Infrastructure Today Awards 2013

Four power players conferred with KPMG- Infrastructure Today Awards this year. These companies were Tata Power in the category of most admired infrastructure company, Jaiprakash Power Ventures for most admired emerging infrastructure company, NSL Renewable Power Private Ltd for most admired infrastructure company in renewable energy and GMR Infrastructure for overall most admired infrastructure company.

The annual award event organised by Infrastructure Today, India's premier magazine for nation builders, in association with KPMG, recognises excellence in infrastructure sectors. This year, awards were held for fifth year in a row, gracing the occasion was the minister for urban development, 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, Kamal Nath emphasised the need for more partner- ships. Nath presented trophies to PPP projects in transport, urban infrastructure, power, enabling central and state agencies, and financiers.

Nath was speaking as chief guest at the 5th KPMG Infrastructure Today Awards 2013, held on 25 February at The Oberoi hotel in New Delhi, amidst 250 top practitioners and media persons.

The minister 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."

Nath was joined on stage by the awards organisers Pratap Vijay Padode, editor-in-chief, Infrastructure Today, Arvind Mahajan, partner and head of global infrastructure, energy and natural resources for KPMG in India and James Stewart, chairman Global Infrastructure, KPMG. 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." Mahajan mentioned that in a challenging year for the sector as a 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 infra- structure story is facilitated to the next level of growth. He further added "India need to make significant investment in world class infrastructure to achieve its inclusive GDP growth".

THE JURY

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

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