Policymakers, leaders mull over Asia' s Infrastructure challenges
September 19, 2017, Delhi: The 5th edition of The Economic Times Infra Focus Summit organized by ET Edge brought the luminaries and policymakers of the Infrastructure sector together to discuss and formulate holistic solutions for key infrastructural challenges across Asia. The event was held at the Taj Mahal hotel in Delhi. Centred on the theme, 'Building Business Beyond Boundaries' the event garnered interesting viewpoints that could contribute to the growth story for infrastructural projects across Asia. Suresh Prabhu, Commerce and Industry minister, congratulated The Economic Times for its role as a change agent and said, "With the rise in infrastructure investments in the country, this should be at least 10 percent of the GDP. Every year we should invest US $ 250 billion, but for promoting that we need different ideas and policies that we can implement. I appeal to all of you participating in the summit to give ideas so that we can work on the ground." Remarking on the pioneering effort made by the group, Deepak Lamba, President - Times Strategic Solutions, said: "It was exciting to see the leaders reach a positive direction with discussions on enhancing and exploring opportunities for the growth of technology, energy and transport sectors- the overarching beneficiaries of the infrastructure sector. I am sure that this summit will give a fillip for the development of this sector with special emphasis on execution of projects." The event commenced with a keynote address by Salah Sharaf, Director General, Sharaf Group, UAE, who said: "Several Asian nations still need better quality bridges, railways, ports, harbours, power plants, gas pipelines etc. Governments need to rethink how to establish new infrastructure in their countries.His sentiments were echoed by Atul Punj, Chairman & MD, Punj Lloyd, who stated that while infrastructure is an exciting space to be in and Indian companies have left a mark on the global level, the contractors are still in nomadic space. "The Fairness of how contractors are dealt with is a major bottleneck in the country," he remarked. Later, the leading thinkers from Asia's infrastructure sectors assembled for a thought-provoking panel discussion on 'Integrating International Corridors for Quantifying Economic Development.' There was also an interesting international case study on modelling the approach to economic corridors, presented by Loay Ghazaleh, who is an advisor at Ministry of Works in Bahrain. The summit led to interesting and encouraging numbers shared by Jayant Sinha, Minister of State for Civil Aviation, who apprised the audience of the growth journey of the aviation sector in the last three years. "In FY17, the passenger trips have increased from 10 crores to an astounding 16 crores. Also, the order book for airplanes has shown remarkable growth, as there are 650 planes on order right now. No country has more planes on order compared to India right now. This is indeed extraordinary achievement,' he said. He also remarked that there has been a dramatic growth in the number of airports as well as the government has started 30 new airports, in lieu of just Rs. 200 crores subsidy. Under Ude Desh ka Aam Nagrik (UDAN) scheme, policy packages have been designed intelligently for tier 2 and tier 3 cities to make flying easier and affordable for the common man. He also touched upon the medical tourism industry and said that building world-class medical complexes around airports boosts this sector as well. "We can achieve the full potential of our aero properties by integrated regional planning and collaborated development with all stakeholders affected by it," he concluded. The Infra Focus Summit proved to be a successful platform for change-makers to come together and exchange ideas on how to turn India from a developing nation to a developed one. The summit evaluated various threats, challenges and opportunities in the sector and also the potential gains from the opening up of international corridors. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through summits and conferences in overarching lectures, hands-on workshops, panels, roundtables and case studies.
Sep 22, 2017 - ET Edge
Haptik Promises the Cheapest Flight Tickets or Your Money Back
Now, there is no need to scour through 10 different websites or apps, to find the cheapest deal for airfares; just ask Haptik, your personal assistant. To make summer trips a bit easier for its customers, India's leading Personal Assistant App promises the most economical ticket, or else, 100 % cashback. Haptik - the AI driven personal assistant app is giving the “Cheapest Airfare Guarantee” with no hidden charges - just the promise of cheapest flight ticket every single time. To avail this service, just send Haptik a message to book flight tickets for you, and its assistants will go through the hassles of searching for the best offer and making the booking in a matter of minutes. And if you find a cheaper ticket anywhere else—on any other travel website including the official airline website—Haptik will reimburse the difference into your Haptik wallet* within 48 hours. Speaking of this offer, Aakrit Vaish, CEO, Haptik said "Buying a plane ticket for travel and holidays have had always been a stressful task for travelers. We wanted to remove this unnecessary stress and make travel planning as pleasurable an experience as the holiday itself. Our Cheapest Airfare Guarantee offer stands guarantee of our commitment to get our customers the best deals for their flights – allowing them to enjoy their trips from booking till boarding.” Like a true-blue assistant, Haptik service doesn’t end at just guaranteeing the best flight booking deal. Post flight booking, Haptik sends an alert as soon as the web check-in for the flight opens; users can send a message to Haptik for their preferred seat and they receive the boarding pass within minutes. Additionally, users can set up fare alerts to get regular updates on cheapest flight deals from Haptik. This allows them to track airline prices and book their tickets as soon as fares are the cheapest. The Cheapest Airfare Guarantee and all these services can be availed o both the Haptik app and website. Currently, Haptik, the highest rated Indian app and the recent winner of Amazon Web Services Awards, is delivering these services for domestic economy travel in India. And the guaranteed amount is applicable on base fare & convenience fee, and the maximum cashback is Rs 500/-.
Jun 9, 2017 - Haptik
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