S Narsimha Reddy from Hyderabad has taken over because the President of the Mumbai-headquartered Builders’ Association of India (BAI) for 2023-24. 

Reddy has introduced to take up a number of points affecting the development trade to the Union Government searching for aid to its members. 

The points embrace the appointment of the Cement Regulatory Authority, and the Unified Standard Contract Document for the hassle-free execution of contracts amongst others.

Reddy is the Chairman & Managing Director of Swapna Projects Pvt. Ltd., which operates in India and offers in main and minor irrigation works with a working portfolio of about $95 million. 

He excelled within the sector in Andhra Pradesh and Telangana states with greater than 35 years of wealthy expertise within the administration and strategic planning, and implementation of the mission life cycle. He can be a Board member of the International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA).

Reddy mentioned that the Union Government could be requested to deliver out a ‘Unified Standard Contract Document’ to be adopted by all Works Authorities to facilitate smoother and hassle-free execution of contracts. As the age-old Contract Act enacted in 1882 created plenty of litigation at numerous courts of legislation. “These reforms will help the industry in witnessing the transparency and natural growth it deserves,” he mentioned.