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Tata Projects CEO calls for stricter quality standards amid infrastructure push

India needs to put a system in place that encourages accountability at every stage of the design, construction and maintenance of infrastructure projects, Vinayak Pai tells Moneycontrol

July 11, 2024 / 14:31 IST
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Tata Projects CEO and MD Vinayak Pai.

The infrastructure sector is vital to India becoming a $5-trillion economy but the recent mishaps, which have caused loss of life and property, have raised alarm over the quality of work, highlighting the need for stringent industry-wide standards.

Tata Projects managing director and chief executive officer (CEO) Vinayak Pai, advocates a two-pronged solution — stricter eligibility criteria for bids and increased accountability — to minimise these reverses.

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“There are a lot of leading indicators which are very important. At Tata Projects, we track and control our leading indicators. The industry should focus on of course the lagging but also the leading indicators, which I think is missing,” Pai told Moneycontrol in an interview on July 10.

Leading and lagging indicators are metrics that inform infrastructure companies if they are on track to meet their safety goals and objectives.