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Construction : Event | November 2018 | Source : CW-India

CONSTRUCTION WORLD Leadership Summit 2018

  • India is at the cusp of both v adopting newer technologies and the challenge of availability of skilled manpower.
  • Nowadays, due to the advent of virtual project sites, implementation of projects are getting faster.
  • India's labour productivity is 1/10th of what the western world has.
  • That said, we have a long way to go!
  • Since operating machines remain an ongoing challenge for operators, manufacturers and construction companies need to address this impediment.

  • India stands at a crucial juncture in the development narrative, where the country would need $4.5 trillion to upgrade the urban setup and its choked infrastructure.
  • India has advanced with PPP-like model offlate, but requires alternative funding and financing options for successful implementation.
  • About 80 per cent of India's infrastructure developers at present are bankrupt. = Financial markets are not showing much interest in Artificial Intelligence and machine learning.

"India's housing market will probably overtake China by 2030."

- Graham Robinson, Economist and Executive Director, Global Construction Perspectives

  • In 2015, 32 per cent of India's population was urbanised; this is going to go close to 40 per cent. There is a huge movement from the rural parts of the country into urban centres, which will drive huge challenges in engineering and construction in urban centres.
  • China, Brazil and the US, as compared to India, are highly urbanised. But India is the sleeping giant, which is a big driver of growth.
  • India will have over a 100 million families earning more than $35,000, which will drive a huge urban boom for high-end retail goods, logistics, healthcare, education, etc.
  • Countries like Germany that already have world-class infrastructure do not necessarily need to build more capacity.
  • The US is pretty much an outlier in the 10 countries that we have picked out. But India can spend a few more hundred billions on infrastructure.
  • Coming to the top 10 construction markets globally, India ranks fourth. If we forward to 2030, it moves on to the third position and overtakes Japan.
  • We will probably see the housing market in India overtake China by 2030.
  • India is the fastest growing major construction market in the world. The growth rates are near 7-8 per cent annually.
  • With a lot of smart cities growing, if we take the top 20 states and the top 30 cities, we will hear of a lot more new cities in India by 2030.

= State Partner: Andhra Pradesh Economic Development Board = Platinum Partner: Dilip Buildcon = Official Cement Partner: Wonder Cement = Gold Partners: Tata Projects; and Shapoorji & Pallonji Engineering and Construction = Associate Partners: Welspun Enterprises; Hyundai Construction Equipment; Godavari Paints and Patel Infrastructure.

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