AAV Ranga Raju, MD, NCC Ltd, is Construction World Person of the Year 2023
India Construction Festival (2023) - comprising 13th India Roads Conference, 11th Equipment India Awards and 21st Construction World Global Awards - received a big thumbs up from more than 200 industry leaders from the leading construction and infrastructure companies who celebrated the success of the industry and recognised its contribution to the nation building.
Held recently at Shangri La Hotel in New Delhi and hosted by infrastructure think-tank FIRST Construction Council, India Construction Festival 2023 honoured over 70 companies in the infrastructure and construction equipment sectors with awards under various categories. While AAV Ranga Raju, Managing Director, NCC Ltd, was honoured with the prestigious Construction World Person of the Year (Private Sector) award, Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India, was recognised as the “Equipment India Person of the Year 2023" for their remarkable achievements during 2022-23.
Setting context for ICF 2023, Pratap Padode, Founder and President, FIRST Construction Council, said, "Government infrastructure investments as measured by central government capex have gone up 8 times over FY14 to FY24.
In FY24 it is expected to be 4.9 per cent of GDP compared with 1.7 per cent of GDP in FY14. Over the same time period, road capex has gone up 7.5 times and railways capex is up by 4.5 times.
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