"India is heading towards a noteworthy growth arc of 5 trillion US dollar economy with a number of major infra projects under PM Gati Shakti." adds coal company director Vatsal Agarwal.
August 12: Vatsal Agarwal began the journey of his maiden company, Simplex Coke & Refractory, as soon as he realized the need for adding incentives to the transitional infrastructure industry. Today his company is among the foremost players in providing high-end Met Coke to top steel companies in India. The company is also a significant provider of high-tech piling rigs on a rental basis.
Some of the prestigious clients of Simplex Coke in the infra division include L&T Construction, KEC International, Patel Infrastructure, Tata Project Limited, Sadbhav Engineering, NKC Projects Limited, and Essar.
India is heading towards a large number of major infra projects. Out of these, the bullet train project has been one of the most awaited ones. The Mumbai-Ahmedabad bullet train corridor trial run will be done in 2026. "Ministry of Railways has decided to undertake survey and prepare Detailed Project Reports for high-speed rail corridors - Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Mumbai-Hyderabad, Chennai-Bangaluru-Mysore, Varanasi-Howrah and Delhi-Amritsar."
Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Mr. Nitin Gadkari, has shared that the government is committed to making headway in the infra sector with a target to spend nearly Rs.15 lakh crores on road construction all over the country in the next two years.
Vatsal Agarwaal adds, "We might have had a slow growth during the covid pandemic, but now that things are back to normal, we can expect a lot more surprises from our government in the infrastructure market." With initiatives to boost road construction like the National Infrastructure Pipeline, National Monetisation Pipeline, Bharatmala Pariyojana, variations in the Hybrid Annuity Model (HAM) and the fast pace of asset monetization, our road to success in the infra industry is almost guaranteed.
Vatsal Agarwaal's entrepreneurial efforts received validation when Mr. Ganga Prasad, the Governor of Sikkim in the 41st conclave of NRI's at Constitution club Delhi in April 2022, presented him with the 'Yuva Rattan' award. Yuva Rattan award is rewarded to youth like Vatsal Agarwaal for their service to the nation.
"Today, the infra sector is like a benchmark for our country where major government schemes like the PM Gati Shakti - National Master Plan, National Industrial Corridor Development Programme (NICDP), among several others, are adding to our progress." Adds Vatsal Agarwaal.
Vatsal Agarwaal is also making sure that he plays his part as a responsible citizen of India and adds to the nation's growth by involving himself in the 'Make In India' scheme under the leadership of Prime Minister Narendra Modi. So for this, Simplex Coke has signed an MOU (Memorandum of Understanding) with the Gujarat government, under 'Vibrant Gujarat' to set up new industrial units as India has a shortfall of coke for various infra purposes.
The government of India is encouraging international investment by relaxing some FDI laws to facilitate 100 per cent FDI participation in certain construction development projects. To ensure steady progress, the government has intended to invest nearly $1.4 trillion in infrastructure between 2019 and 2023. www.simplexcoke.com
