On 6 November, 350+ professionals gathered at the inaugural RICS Construction & Infrastructure Summit India 2019, which took place in Mumbai. The Summit provided a platform to discuss recurring and important questions about construction and infrastructure development.
When it comes to construction and infrastructure development, almost all countries face the same challenges of providing enough infrastructure, in the right places, to meet the requirements of its people.
The Summit is RICS' first venture into the construction and infrastructure space in India. It is a step towards its commitment to create an annual event that tackles these kinds of topics and showcases relevant thought leadership.
A future vision
The day started with a power-packed session that set the pace of the day. Session participants — Dip Kishore, Sean Tompkins, Sanjay Dutt FRICS, Neil Bullen, and Nimish Gupta FRICS — focused on the challenges, opportunities, a future vision of the sector, and how India measures-up against other countries.
An economic-growth enabler
Construction and infrastructure as an enabler of future economic growth was the focus of the Summit's second session. These two sectors are a top priority for the government, which has aspirations of pushing India into the global top 50. Participants — John Fletcher, Neil Bullen, Atul Sharma, Amit Kathpalia MRICS, Rohit Singhal, and Rama Murthy — stressed the importance of contract management and dispute resolution. These will help address issues around contract enforcement, which is significant as this will have an impact on India's rank in the Ease of Doing Business Index.