Future of Fabrication in India:Future of Fabrication in India is very bright because India is a Developing Country, everyday number of contractions are going at one or the other places in India. This Real estate field will generate the employment for many educated as well as laymen of country. The Hindu News Article Construction sector is at a turning point will say as “India will contribute about $640 billion to this, aided of course by government initiatives in infrastructure development and affordable housing for all. In addition, the latest move of bailing out inefficient and profiteering private builders with ₹25,000 crore of the taxpayers’ money will also boost the GDP. Next to agriculture, construction has been the biggest job generator, and employs the largest number of workers”.
The construction industry is the second largest industry in India after agriculture. It accounts for about 11% of India as GDP. It makes significant contribution to the national economy and provides employment to large number of people.
There are mainly three segments in the construction industry like real estate construction which includes residential and commercial construction; infrastructure building which includes roads, railways, power etc; and industrial construction that consists of oil and gas refineries, pipelines, textiles etc.
Scope of the Report
The India construction market covers the growing construction projects in different sectors, like commercial construction, residential construction, industrial construction, infrastructure (transportation construction), and energy and utility construction. The construction market further segmented into the type of constructions like additions, demolition & new constructions and new constructions.
In January 2017, the government proposed to lay down cycle tracks on all highways and major roads pan India, to promote the use of electric cars and public transport.
The Indian energy sector is expected to offer investment opportunities worth USD 300 billion over the next 10 years.
The India construction market is highly competitive, despite the major local and international players have created enough competitive environment in the sector. Still, the market opens opportunities for small and medium players due to increasing govt investments in the sector. The India construction market presents opportunities for growth during the forecast period, which is expected to further drive market competition. With large players competing with others for a significant share leaves the India construction market with no observable levels of consolidation.