CoreNet Global cites power, transport & internet connectivity as major concerns
Mumbai February 20, 2014 – Corporations in India are facing significant operational challenges because improvements to infrastructure are not keeping up with the rapid pace of business growth, the world’s premier association for corporate real estate executives CoreNet Global revealed in its latest white paper.
Power, transport routes and internet connectivity are forcing companies to reassess their real estate portfolios in order to protect business operations and workplace efficiency. Diversifying where new offices are located is one solution companies have adopted, but it reduces economies of scale and presents obstacles for employees.
While the Indian government is working towards improving infrastructure, more and dramatic changes are needed to alleviate long-term uncertainty. In the meantime, corporations are faced with making costly short-term arrangements to safeguard their enterprises such as the installation of back-up power generators.
Sonali Tare, Director of Knowledge & Research at CoreNet Global and author of the report, said:
“The government has taken positive steps to bolster India’s infrastructure, but improvements are not keeping up with the rapid business growth being driven by India’s large population and investments from multi-national corporations. This has had a significant impact on corporations’ short and long-term strategies for office locations, workplace initiatives and real estate portfolio optimisation. There now needs to be a large structural overhaul of infrastructure to deal with some of the operational issues businesses are facing.”- CCI Newswire
