Construction Industry in INDIA

♦ It is estimated in the coming future, India will spend more than a, billion dollars upgrading Building constructions, housing and infrastructure developments, according to a new report.

♦ The Indian construction sector is expected to grow up to 8% annually for the next decade.

♦ Construction activity contributes to around 10% of India’s GDP and generates employment for over 30 million people in the country. It also accounts for more than 60% of the total infrastructure     investment.

♦ The growth of the construction sector in India is heralding wider opportunities for the Mechanical-Electrical-Plumbing (MEP) services market. Increasing investments from Commercial (IT and retail),     industries, residential, hotels, and hospitals, etc. have give the required impetus to the growth of this market.