| | OCTOBER 202119business model has been as such that we could be able keep the impact minimal to the extent of being in control. Large infrastructure and construction projects were delayed or majorly slowed down for nearly two quarters. At many places the government had to withhold the new project roll-out. There have been unavoidable incidences of delay in receiving the proceeds of our consultancy fees. But that had to be there and we sailed through that period. Our timely investment in the technology enabled us to serve our clients seamlessly on the on-going projects. We were rather quick in implementing our pre-planned business continuity process to avoid any major operational disruption. However, the sporadic lockdown and uncertainty in cash-flow due to Covidis putting lot of pressure on banking sector, which in result is effecting business sentiments Despite the intermediary set-back due to coronavirus pandemic, India's growth story stands intact. As the country's economic growth resumes its upward curve, the need of supporting infrastructure will be even higher. REPL's future plan is to remain aligned with that growing demand in infrastructure consultancy space by delivering end-to-end solutions. We are already associated with the GOI's flagship programs such as Smart City Mission, PMAY (PradhanMantriAwasYojna), Skill India, AMRUT and JJM (JalJeevan Mission) etc. We are now gearing up to enter or scale up our business in new domains like Tourism, Ports, Metros, Roads & Highways etc. We are also expanding in the IT & Software enabled services in infrastructure sector. In recent years, we have also been making presence in new geographical territories. Change in Infrastructure Development in India in the Last Three DecadesInfrastructure landscape has been swiftlychanging in different phases as per the emerging requirements, and also as a result of continuous learning process. There has been a phase where the government focus was largely on the rural infrastructure to give boost to the local and decentralized economic environment. Of late, we have been seeing the rapid urbanization. Owing to different factors, this trend is likely to continue in coming decades. Subsequently, the government's policies and programs also started to focus on strengthening and development of urban centers. Smart City Mission is one such program that aims to create an ecosystem of economic vibrancy around the major cities. Another major shift in the infrastructure sector has been public participation. It was realized that pulling off large scale infrastructure growth on rapid speed was not possible by utilizing only the government system and resources. Therefore the routes for private participation were opened through various modes. One of the noticeable development has been increase in PPP (Public Private Partnership) programs. We are also witnessing massive FDI flow in the infrastructure sector. Role of Technology in Service OfferingsThe complexity of infrastructure projects are increasing multi-fold. Increasing urbanization itself calls for new technology driven innovative solutions. One such obvious example is requirement of metro rails. To increase the mobility within the city and reduce traffic clutter, you need automated multi-level car parking facilities; ICT enabled traffic management system and other similar facilities. Even on the traditional infrastructure projects like roads and highways, one major problem is time and cost overrun. It can largely be addressed by the application of adequate technology in designing, monitoring and implementation. REPL's approach has always been to include latest technological solutions during the entire project life cycle. We have been investing in technology and making alliance with the global software giants to introduce new technologies not only on our projects, but also to disseminate in industry within the country. We have made tie-up with Hungarian MNC, Graphisoft for Archicad based BIM (Building Information Modeling) in design and construction. Similarly, with Italian firm TeamSystems, we are working on implantation of project management software, STR Vision.For many years, we have been implementing GIS (Geographical Information System) in urban planning projects. Now, we are working towards its application in other domains such as land-record digitization and property tax. Leadership PhilosophyI firmly believe that companies need to build leadership at multiple levels. REPL is into knowledge-driven business. Our service divisions and teams are led by the experienced technocrats of proven
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