Industries:

Building & Construction

The Indian real estate sector is one of the most globally recognised sectors. In the country, it is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. It comprises four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. This sector includes power, bridges, dams, roads and urban infrastructure development. The Building & Construction industry faces challenges at national, regional and international levels from increasingly more complex projects, declining project backlogs, and limited new project engagements due to ongoing economic uncertainty. As a result the industry is experiencing increasing competition from existing and new, diversifying competitors. The Construction industry of India is an important indicator of the development as it creates investment opportunities across various related sectors. The construction industry has contributed an estimated INR 6708 billion to the national GDP in 2011-12 (a share of around 9%).The industry is fragmented, with a handful of major companies involved in the construction activities across all segments; medium-sized companies specializing in niche activities; and small and medium contractors who work on the subcontractor basis and carry out the work in the field. In 2011, there were slightly over 500 construction equipment manufacturing companies in all of India. The sector is labor-intensive and, including indirect jobs, provides employment to more than 35 million people.

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