How is this for a contradiction? As the world has become more digitally connected, the need for efficient transport and travel has become even more important.
Transportation is a sector that spans connectivity via earth, air and water. The movement of people and goods is vital to any economy and any improvement or detraction in efficiency has a domino effect on the economy and reach.
While iDeCK has vast expertise in the transport sector, what truly sets us apart is the innovative approach to transportation. How else can we lay claim to so many first-of-its-kind ideas that have transformed transportation across India and many other countries across Asia and the Middle East? Case in point – the first ever private-public partnership for urban roads in India? Or the first rail service developed through an SPV (Special Purpose Vehicle).
India has the second largest road network in the world covering 3.3 million km. Public Private Partnership (PPP) has contributed significantly to accelerated sector development increasing from 5% to almost 50% today. However, PPP framework needs to evolve further to address the future challenges facing the sector. The contract structures and risk-reward mechanisms need to be refined to ensure win-win situation for all the stakeholders.
iDeCK advises several government entities, multi-lateral agencies and private sector clients in the roads sector. iDeCK has developed strong legal, financial and technical domain expertise in conducting feasibility studies, undertaking due diligence, carrying out technical and financial assessment, providing bid assistance, preparing entry strategies, structuring transactions, undertaking traffic studies, conducting PPP training programmes, and providing assistance in policy and regulation development for the sector in India. iDeCK has an in-house technical team to prepare DPRs in the sector. In addition to the above, iDeCK has also prepared several model bid documents for development of roads and imparted many capacity building programmes in the sector.
The rail network in India has more to it today than the traditional trains that traverse the length and breadth of the country (on the fourth largest railway network in the world). There has been a significant rise in the number of metro, light and suburban railway systems as well as high-speed train and semi high speed train projects. What’s more, the Railways has been a keen adopter of new technologies as well as new thinking – for example, optimizing real estate available in stations.
iDeCK has extensive experience in advising central and state governments in India in developing railway lines under innovative structures with private sector participation. iDeCK was instrumental in structuring the first joint sector rail project in the country, the Hassan Mangalore Rail Development Company Limited (HMRDC), a joint venture between Government of India, Government of Karnataka and other stakeholders. iDeCK has also carried out sector studies, bankability studies, business plans, and structuring of projects in the sector. iDeCK is now looking forward to re-development of stations, transit oriented development, etc.
The growth in air traffic in India has been hailed as one of the symbols of an economy on the move.
Development of aviation sector works only when the business ecosystem works in tandem with the physical infrastructure. Today, air connectivity is mostly limited to larger urban centres, despite several initiatives by the central and State Governments to promote regional air connectivity and air travel.
iDeCK has had an extensive experience in offering consultancy services in development of major airports (such as BIAL) as well as minor airports. iDeCK has played a significant role in carrying out project development activities under PPP framework, policy formulation/regulation, feasibility studies, market assessment for regional air connectivity, civil aviation perspective plan, and more. iDeCK has successfully carried out transaction advisory for development of minor airports in the country and worked on development of air strips across several locations in the State.
Ports play a vital role in the overall economic development of the country. Since the Government opened the doors to private investment in 1996, major thrust areas have been – mainly on Build, Operate and Transfer (BOT) basis with revenue sharing mechanism – construction of cargo handling berths, container terminals and warehousing facilities, installation of cargo handling equipment, construction of dry-docks and ship repair facilities, etc.
There has been a significant rise in the role of non-major ports, numbering around 176, with the share of cargo handled increasing from 10.9% in 2000-01 to 42% in 2012-13. This can be attributed to better location, higher productivity, faster turnaround time, better connectivity, etc. Most of these ports have been planned with higher draft level keeping latest shipping trends in mind.
The 13 major ports which were planned and commissioned several decades ago are saddled with various issues like limited draft (which restricts the entry of bigger size vessels), bureaucratic issues, delays in awarding PPP projects etc. These ports need to speed up the awarding of PPP projects and implementation to augment capacity and attract the trade in fast growing segments such as coal and containers; to remain relevant in the face of competition from the non-major ports.
With strong domain expertise and profound knowledge in the sector, iDeCK has been advising various port trusts and private clients in several sector projects. iDeCK has made its mark in in offering consultancy services with respect to both major ports and minor ports. iDeCK’s services have included carrying out feasibility studies, demand and traffic assessment, detailed financial analysis, process for TAMP approval, optimal structure for PPP framework, preparation of bid documents, bid advisory services, bid process management, preparation of tariff proposal, preparation of business plan, and so on for major ports,. iDeCK has also provided strategic advice to clients on development of minor ports at several locations.
Apart from providing transaction advisory services for major port trusts across the country, iDeCK, with its strong in-house financial and legal experts, also engage in policy review, structuring and operationalising of the port fund and other initiatives.
The logistics sector straddles the agri/horticultural sector as well as emergence of ecommerce entities that depend on clockwork-smooth networks that integrate with efficient storage solutions. Innovative storage technology and precision logistics are key to reduced losses of food and other crops too.