Construction activity forms around 10 per cent of India’s GDP and gives employment to more than 30 million people in the country. It also accounts for more than 60 per cent in total infrastructure investment.
A new report by dmg events India, prepared for The Big 5 Construct India 2015 says Indian construction sector will grow up to 8 per cent every year for the next decade.
The Planning Commission of India has pledged to invest around $1 trillion in the five-year plan (2012-2017). Indian Ministry of Roads and Transport outlined plans for $120 billion worth of road-widening projects. There are also plans for $60 billion to be invested in India’s ports by 2020.
Unit sale of construction equipment in India is expected to grow to 82,000 by 2016. The construction equipment industry's revenues are estimated to reach $22.7 billion by 2020 from $5.1 billion in 2012. In addition to reduced building costs, Indian government now has more money to spend, that it had allocated to oil.
The Big 5 Construct India will provide the stakeholders a platform for business, networking and education from September 10-12, 2015 at Bombay Exhibition Centre, Goregaon East in Mumbai.
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