The growth and the current scenario of construction in India.
The Construction industry is a vast industry that includes construction related services, products, materials, other sectors like interior designing and the related products. The wood products are in great demand for furniture and structure building. The other is the machinery and equipments needed for different purposes. Construction sector includes a large spectrum of industries and employ thousands of skilled and unskilled labor. The scope of construction is vast as India is a developing country and is still looking forward to having a great infrastructure and buildings. Besides, there are industries like the heating, ventilation, air conditioning, refrigeration equipment and home appliances that are running profitably. Investment from foreign countries too can be easily seen here.
The growth and scope in construction
Around USD 1 trillion investments in infrastructure sector has been planned out for the period of 2012 to 2017. Investments of around USD 650 billion is also planned for urban infrastructure and most importantly around 100 smart cities and 500 Amrut city projects have been planned for investment of around INR 62,009 crore. The construction sector contributes to 8% of Indian GDP and the growth rate of GDP in construction is 8.1%. Today, there is a lot of scope for construction in the country. The residential, commercial, retail and hospitality sectors are great sectors for investments. With the use of advanced technology in the construction field, smart cities are going to be planned and employment, investments and profits are going to be seen in the near future. The building industry is carried out all over the country on a large scale.
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- Building industry India (1387)
- Civil and marine engineering contractors India (427)
- Civil engineering and building machinery and equipment India (2126)
- Furniture and linen India (5400)
- Hardware, ironmongery, cutlery and tools India (9470)
- Heating, ventilation, air conditioning (HVAC) and refrigeration equipment India (4420)
- Metal constructions for the building industry India (2243)
- Metal pipework, valves and containers India (6249)
- Security equipment India (2051)
- Timber, wooden products, machinery and equipment for the woodworking industry India (3260)