New Delhi’s metro, which is clean, modern, air-conditioned and quiet, is a stark contrast to the congested, smoggy roads of India’s capital.
Its first line opened in 2002 and in the years since then it has expanded its network across the city, with more than 200 kilometres of track. In its third phase of construction, work is under way to weave another 150km of lines to more areas.
The Delhi metro runs more than 2,800 train trips every day, carrying 2.8 million passengers daily.
“We are one of the few metro systems in the world making an operating profit from day one,” says Anuj Dayal, the executive director for corporate communications, at Delhi Metro Rail Corporation, a joint venture between India’s government and the government of Delhi. “The reason why we are able to make an operating profit is we are getting 20 per cent of our revenue through non-ticket resources.
“We are able to generate money through advertisements, shop rentals. We have built a hotel which we have given on lease. We have built an IT park on our land, which we have given on lease. If you rely only on ticket revenues you will definitely be in loss because of the high investment involved,” he says.
“These projects world over are justified, government spending is there, because of the high economic rate of return. The financial rate of return is always low.”
Ticket fares on the Delhi metro are among the lowest in the world, ranging between just 8 rupees and 30 rupees.
Sixty per cent of the funding for the project came from the Japanese government in the form of loans and the remainder was provided by the federal and local governments.
A major challenge is that the trains are often “chock full” and “since the metro is new to the country, we had to spend a lot of time educating the public on how to use the system”, according to Mr Dayal.
He says the corporation organised “street plays in which we had to tell people how to use escalators, to ensure that they stand in line, to ensure that they don’t get stuck in train doors, so the initial one or two years was a challenge”.
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
THE%C2%A0SPECS
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APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh