The EPC market in India is growing at a healthy pace and it is expected to grow further in the near future due to several factors that are pushing infrastructure growth in the country across the sectors. Given the future development strategies of India wherein the country is committed to modernization and extension of infrastructure, the EPC sector has come to assume significant importance. Over the last decade, the Indian government has focused heavily on infrastructure development, which has spurred significant investments into transportation, energy, urban infrastructure, and industrial projects. This strategic focus has resulted into development of a conducive environment for EPC companies and has led to increased competition as firms compete for opportunities in projects as diverse as highways, airports, power plants and even smart cities. The India EPC market growth trends are also supported by the demographic growth and the urbanization trends. Higher rates of urbanization result in improvements needed to accommodate population density, thus propelling the need for EPC services.
Further, the government has been very supportive of technological solutions through various programs such as Make in India and Digital India, thus creating a favorable atmosphere within the EPC sector for the implementation of technological solutions for improved project delivery. In addition, the sector has witnessed the growth of private players and FDI as India’s market growth and open policy regime has attracted them. This brings in more capital which enhances the capacity of the EPC firms to handle more complex projects, thus driving growth in the market.
In the current issue, we introduce you to the top contractors in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
