CONSTRUCTION SECTOR OVERVIEW
Statistics, news & updates: everything you need to know about the Construction Industry in India
updated in May 2017
Due to continuing urbanization, needed infrastructure projects and a growing population base, the construction industry in India faces ongoing project opportunities and is the third largest contributor to economic growth. The industry employs more than 40 million people and has a large pool of workers at a low costs. India’s need for up-gradation of infrastructure and various governmental flagship programs like ‘Smart Cities’, ‘Housing for All’, ‘Make in India’ and ‘Atal Mission for Urban Rejuvenation and Transformation’ (AMRUT) will drive growth and are expected to attract foreign investment. India’s Government wants to increase public private partnerships with foreign companies in this sector. India’s massive investment opportunities are luring global players and almost all major international construction equipment companies are already doing business in India.
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- The estimated infrastructure investment sum adds up to $981 billion in the years from 2012-2017
- Population growth, Urbanization, Industrialization and rise in disposable income are key growth drivers of the industry
- Expected to be world’s 3rd largest market by 2025
- 100% FDI under the automatic route is allowed in the construction development sector
- India’s demand for cement is expected to reach 500-600 million tons per year until 2025
- Government’s efforts to improve residential and transport infrastructure
Key Players in India
- Alstom, Turner Construction, Hines, GIZ, Tishman Speyer
- Prestige Estates, Tata Projects, DLF, Indian Railways Construction Ltd., Hindustan Construction Company, Unitech, Godrej Properties, India Bulls, Larsen&Toubro
- 2nd largest cement producer worldwide
- Indian Real Estate market estimated to grow to $17.5 billion in 2020
- Construction Industry is valued at over $126 billion
- FDI inflow from April 2000 to March 2016 accounted at $24.19 billion
- $650 Billion investments in urban infrastructure estimated over next 20 years.