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roject Consultancy `400cr in 2012-13 to `1400
Services include pre- crores in 2024-25, is involved
project, project execution in all key areas of the service.
and post-project support, Sanjeev Gupta explained: “We
covering functions such have three verticals, viz., power,
Pas project identification infrastructure and resources. Infra
& evaluation; environmental projects are influenced by a few
impact assessment, development factors that include environment,
or sourcing of technologies; trade, technology, international
preparation of feasibility reports, policies, history, politics,
market studies; designing of population and economics. In the
projects, equipment procurement very initial stages, the project is
& erection; engineering design identified and the government
services, project management entity appoints a reputed, vocal,
services, architectural & program management consultant
construction engineering services to help draft policy decisions.
and project commissioning, Once the policy is framed, pre-
operations & maintenance, as feasibility work is carried out.
published in a report. “This stage determines the
According to research, the advantages and disadvantages,
India engineering services market whether the project is socially
generated a revenue of USD viable and the investment
149,403.6 million in 2023 and is recoverable. The government will
expected to reach USD 254,015.8 have some broad estimation of
million by 2030, growing at a time, cost and quality.
CAGR of 7.9% from 2024 to Pre-feasibility study includes
2030. In terms of revenue, India understanding how many houses
accounted for 4.6% of the global will get impacted, whether approval
engineering services market in will be given if close to a forest
2023 and is touted the fastest area, if there are feeding or nesting
growing regional market in Asia grounds by the riverside etc.
Pacific.
Based on the study, the viability
One of the giants in the of the project is established. Once
area of infra consulting, Tata done, it goes into the feasibility
Consulting Engineers Limited, stage where a detailed project
whose turnover increased from report (DPR) is prepared. After
Smart cities are not meant
to make profits, they are
a social welfare project
made to improve the life
of the people. TCE has
the maximum smart city
projects in India.
– Sanjeev Gupta
www.trafficinfratech.com / Jan. - Feb. 2025 / TRAFFICINFRATECH 15
