Rising India
Construction
The current size of the construction industry in India is estimated at $70.8bn, of which the 87 key players account for nearly one third, while the rest is distributed amongst the 25,000-plus smaller players, which eventually makes the sector highly fragmented. By 2020, the country’s construction market will move from the ninth-largest construction market in the world to the third slot -only below construction giants China and the US.
Construction activity in the industry is categorized into three major groups, i.e., infrastructure, non-residential and residential. The construction industry in India is the second largest contributor to the national economy and the second largest employment generation avenue in the country.
A key factor which is responsible for the stupendous success of the Indian construction industry is the sustained political will of successive governments since 1991. India, with its abundant land mass area coupled with a billion-strong population, is a major market for infrastructure and property (non-residential and residential) development. Thus, the Indian construction industry is set to achieve its true potential of being a world beater, which clearly suggests the huge opportunity for various industry players.
We see a huge opportunity for foreign players in specialised areas such as formwork, construction equipment, pre-fabricated concrete structures, but also for companies who can deliver on time and budget. Please contact us for more information and details on specific business opportunities.
