India's key B2B exhibition for the building industry
19 - 21 April 2018 • Bombay Exhibition Center, Mumbai, India

Market Overview

India - New Engine of Global Construction 

India is on the cusp of becoming one of the world's major economic powers. Already enjoying huge GDP, solid growth and a rising population, the conditions are right for the country to forge a path to global success in the 21st century.

There are five key areas of India’s economy that are driving this incredible economic growth. These sources of growth are:
 
  • Infrastructure developments: The government has pledged to invest $1 trillion in this sector between 2012 -2017.
  • Interest Rates: rates are being held at 6.75% to keep growth stable.
  • ‘Make in India’: Modi’s programme encourages FDI in manufacturing.
  • Indirect Tax Reform: aims to improve taxation revenues.
  • Internet: The growing number of mid-high income families will increase the populations’ internet access, providing new methods of consumption and leading to an increase in infrastructure improvements to develop distribution networks

Drivers of growth:


The Indian construction sector will grow up to 8.1% every year for the next decade
  • $650 billion investment in urban infrastructure in the next 20 years
  • Indian Ministry of Roads and Transport outlined plans for $120 billion worth of road-widening projects
  • $60 billion to be invested in India’s ports by 2020
  • 100% Foreign Direct Investment (FDI) permitted through the automatic route for townships, cities
  • $250 billion investment in the power sector (2015-2020)
  • 100 Smart Cities and 500 AMRUT Cities will invite investment of 2 Trillion Rupees in the next five years

A lucrative market:


  • India is the 2nd fastest  growing major economy in the world.
  • The economy of India is the 3rd largest in the world as measured  by purchasing power parity (PPP), with a GDP of US $5.07 trillion (PPP as in 2013).
  • Over the past decade in India, Pre-engineered Buildings has significantly emerged as the best solution in industrial, commercial, institutional and infrastructure sectors. Today, the PEB market is experiencing dynamic growth of 20-25% in India.
  • New Airports & Upcoming Airport Modernization, Greenfield Airports & Ports will attract the need for specialized structures like Pre-engineered Buildings (PEBs), Hangars, Warehouses etc.
  • The construction of Metro Rail networks in Navi Mumbai, Chennai, Bangalore, Kochi, Hyderabad are underway and are also being planned for cities like Lucknow, Kanpur, Patna, Jaipur, Pune, Surat, Indore, Nagpur, Bhopal, Chandigarh, Nashik, Ludhiana.
  • With a booming domestic / international tourist traffic in India, the growing demand for hotel rooms has led to the announcement of many hotel / resort projects not only in metro cities but also II tier and III tier cities.
  • SEZs, Biotech Parks, Industrial Cities / Areas, Agro Parks, Gem & Jewellery Parks, Apparel Parks and other such specialized commercial spaces etc. are also being launched / promoted by big business houses and real estate promoters.
  • A booming economy and the ever-growing middle class has changed the way Indians spend. Malls, Multiplexes and Hypermarkets are mushrooming all over the country to cater to this trend in Indian lifestyle.