<h2 id="o7rnkh88" style="display:none !important"></h2>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.
Infrastructure Sector
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 sandeep narwal kabaddi’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.
Multilevel Marketing Businesses
Turnkey Services also play a major role in multi-level marketing businesses. In such cases, if a business has a proven track record then the risk may be lower compared to starting a new business from scratch as it has its own risks. It has the potential to provide more control over business decisions than a franchise model.
These businesses are for profit operations that are ready to use and are purchased by a new owner or proprietor. The turnkey cost of such businesses usually involves rent, franchising fees, insurance, inventory and so on. Here, the provider assumes responsibility for all the required setup and ultimately provides the business to some new operator upon completion of certain formalities. "Generally, it is seen that turnkey services in multi-level marketing businesses have already a proven, successful business model and it merely requires investment capital and labour", says Mark Pickren, former CEO of OutboundEngine.
Commercial Sector
Many big players are focusing on their workspace design to increase employee satisfaction, boost productivity and provide a comfortable working environment. From a long time, there has been a custom of seeking multiple vendors to assure the quality of products, on-time delivery and that too within the prescribed budgets. Today, instead of relying on multiple vendors, clients seek a single trusted partner to deliver fit out solutions for their workplace due to lack of time. Now, its not just startups and new organisations who are looking for an impressive portfolio, old and already established organisations too prefer refurbishing their interiors with the changing trends. Many big players like Wipro, TCS, Infosys and Cognizant have already opted for these solutions in their working spaces.
Turnkey services helped to bring the visible transition in the sandeep narwal kabaddin work culture with the changing workplace design which reflects the latest trends, working styles, company’s culture and values. “Most of the companies in today’s day and age demand a one point contact model from turnkey service providers for all their requirements. Along with that they also expect the quality standards which can break the norms of fixed workstation and cubicles”, says Ashok Kularia, Managing Director, ANJ Turnkey Projects.
How will be the Future of Turnkey Services
Turnkey Services can be seen dominating the B2B sector as they are simple and straightforward solutions that enable businesses to remain competitive in a changing digital landscape. Turnkey Services will simplify business structures and maximize return on investments. A readymade platform will streamline business endeavours and make it easily accessible. It will help minimize the hassle of new clients on-boarding and maximize on profits. It will provide chances to more clients to join or participate in the service than with traditional service providers that would create a personalized system for every individual client.
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