India's infrastructure sector is building at a scale few markets can match. New highways, expressways, metros, bridges and complex engineering projects are transforming the country's landscape. Yet, behind this rapid expansion is a growing concern within the contracting community: Can infrastructure be delivered sustainably when competition pushes prices below commercially viable levels?
For Praveen Sethia, Founder & Director, Infra Advisors, who moderated the discussion, the question goes beyond the contractor's commercial interests. Contractors may be one of the two parties to a contract, but they operate in what is often a far more challenging execution environment while carrying the responsibility of converting plans, approvals and investments into physical infrastructure. And when bidding becomes excessively aggressive, the risk does not remain confined to the contractor – it ultimately extends to the infrastructure asset itself...
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