Showing posts with label Construction Services. Show all posts
Showing posts with label Construction Services. Show all posts

Jul 11, 2013

Major Components of Indian Construction Industry

Construction in India is the second most important activity, next only to agriculture. The country is on the path of fast development of infrastructures in the fields like education, health, power and research. At the same time, the civil construction projects are on fast tracks to improve the conditions of roads, rails, highways and bridges. In addition, the country has managed to lend construction services and products to the foreign markets too.

The construction activities offered by the construction companies in India have improved in terms of quality. The construction equipment manufacturers follow the international standards to offer advanced technology-based tools. There are four major components that work in favor of the exponentially growing sector. Here is a discussion about them.

Construction Industry and Services



Skilled Construction Experts
Architects, civil engineers, project managers and many other important role-players in the Indian construction industry are admired for their skills and talent. Construction project managers from India have the experience and training to supervise different types of projects. In the past one decade, many praiseworthy projects have been completed by the skilled construction teams of the country. Construction labor contraction services are offered by many Indian firms for the recruitment of these skilled workers around the world.

Quality Construction Equipments
When it comes to construction tools and equipments, there are many Indian construction equipment manufacturers engaged in this field. The equipments like bulldozers, scrapers, backhoe loaders, concrete vibrators, earth compactors, concrete mixers, hydraulic excavators and many others are manufactured in the country and supplied to different parts of the world. The focus is one manufacturing technologically advanced equipments that can safe human efforts significantly, reduce energy consumption and are safe.

Top Grade Construction Material
The Indian construction services and products are not limited to construction tools and equipments only. The manufacturers and suppliers engaged in the industry also focus on supplying high grade construction materials in different categories. Glass, ceramic, wood, plastic and many other materials are available with these industry players. In addition, these companies offer hardware materials like pipes and tubes made of materials like PVC, aluminum, copper, bronze and others. Tiles for flooring and a variety of sanitary ware products form other important categories of construction materials from India.

Impressive Construction Services
From expert construction counseling to interior decoration and house and commercial building construction, the construction services from India cover all possible fields. Turnkey industrial construction is one service which is in great demand and the experts from the country are capable of offering it. Real estate construction services from India serve the projects like construction of houses, industrial plants, corporate offices spaces and commercial constructions like shopping malls and restaurants.

The construction services from India have become more accessible with the help of the online business directories. These online marketplaces provide detailed information about the service providers from the Indian construction industry. Small and medium sized equipment manufacturers and suppliers from different parts of the company have made it possible to earn exposure for their businesses through these directories. In a way, these directories have become another major component of the industry.

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Mar 1, 2013

Growth of Construction Services in India - An Overview


India has witnessed a sustained growth in construction services and infrastructure build up. The construction industry witnessed a robust growth that was driven by the construction activities in housing, roads, oil and gas, irrigation, airport, railway network and port building among others. Though there was a brief lull in in 2007-2008 period, construction industry has recorded an impressive growth in the last decade, which saw a corresponding rise in its share in GDP.

The total investment in construction services increased from 5.7% of GDP in 2007 to approximately 8.0% by 2012. The Planning Commission has earmarked an investment of around US$ 1 trillion in the 12th five-year plan that spans from 2012-2017, which is twice the amount that was allocated in the Eleventh five-year plan.

Private Public Partnership
The emerging trend of a growing private-public partnership has infused the much needed vitality to the construction services in recent times. The lagging developmental activities in rural and backward areas due to the paucity of funds saw an impetus due to this partnership between the public and private bodies in construction industries. However, there is still room to speed up the process of private participation and to channelize more funds in the construction industry.

The real estate industry has evolved from an erstwhile family based entity to corporate entities with multi locational presence. The traditional financing options have given way into structured finance, private equity and public offering.

Employment Scope
The construction sector has given rise to both direct and indirect jobs in the country and is at present the second largest employer in India, next only to agriculture. Over 250 ancillary industries including cement, steel, building material, brick and timber also were benefited by the vibrant growth of the construction industry, which has led to a surge in the number of experts like contractors and builders in the construction industry.

Construction industry has a very high demand that far exceeds the supply, which makes it a prospective industry in the days ahead. Infrastructure developmental activities make or break any nation's progress. India is well poised for a prosperous future that is well backed by construction activities in all vital segments ranging from housing, transportation and urban development segments.

Challenges in Construction Industry
The high working capital needs in construction services can make it tough for start-up or small companies with low financial back up to make an entry into the construction sector. The exponential growth in the number of builders and contractors has cut down the profit margins in spite of a growth in the volumes. While segments like road construction, housing and urban development saw a very high demand, segments like seaport and airport development witnesses comparatively low construction activities.

The Future of Construction Industry
As the country has a long way to go in setting up the infrastructure backbone in place, the construction industry holds a big promise for a bright future.

B2B marketplaces offer the latest trends and possibilities in construction services. Learn more about the innovations in the products, construction methods and interact with the suppliers and dealers in this field in an interactive B2B platform.

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