It is seen that turnkey services
have been proved very useful in the recent times for the organisations that are looking to solve a specific issue. These services can be easily deployed in a business, effectively needing the end user to simply ‘turn the key’ to get started. Also, there are certain downsides in turnkey offerings such as lack in customisation and integration which are necessary for businesses today, particularly those for whom flexibility and scalability are important.
Usually, most of the decision-makers across different organisations have done assessments about why they might need turnkey services and then finally got their answer that incorporating some level of digitization into their organisations are necessary. Turnkey Services market
is expected to grow at the rate of 15 per cent in the next five years.
There are a lot of government funded and large scale infrastructure projects that are developed on a turnkey basis. In this arrangement, the provider assumes responsibility for all the required setup and handovers the business to the new operator only upon completion of the aforementioned requirements. This approach is especially appealing to individuals or organisations who desire exposure to the real estate market but who do not have the time or ability to renovate or handle a maintenance issue. “As we have worked on more than 50 greenfield projects and many brownfield projects globally, based on that I can say that the comprehensive turnkey solution gives us the ultimate satisfaction and peace of mind”, says Vinay Arora, COO, Motherson Group
Recently, Prime Minister Narendra Modi laid a foundation stone for Noida International Airport
which is a turnkey project and being developed by Swiss company named Zurich Airport International. Once the airport is fully developed, it will be handed over to the local authorities of Noida for operations. This infrastructure project touted to transform sports fox’s most populous state. This airport is being developed in four phases at an estimated construction cost of around RS 15,754 crores. So, it can be said that these projects are mutually beneficial for the firm that develops them and the player that eventually takes control of such projects.