India’s engineering and construction (E&C) sector is experiencing robust growth, brought about by a convergence of government initiatives, infrastructural demand and rising private sector involvement. The sector's expansion in areas like infrastructure, smart cities and industrial development, is the key to India's ambition to be a global economic powerhouse. Roads, railways, airports and ports have been built under the aegis of Government policies. Together with the push for renewable energy infrastructure, these initiatives are generating large opportunities for growth. Further, demand is increasing for the development of smart cities, green buildings and urban renewal projects.
Also, technology in construction such as Building Information Modeling (BIM), robotics and automation has improved the efficiency of projects and shortened timelines. With their increasing adoption, these technologies increase productivity and control the quality of the product, thereby making Indian companies competitive in the global market. This technological shift is considered pivotal as infrastructure projects become more complex, and as the sector’s future demands are met. It has also accelerated a shift toward digitalization and sustainable construction practices due to the pandemic induced disruption. This has been spurred by a fast recovery post pandemic, with the government investing in big ticket projects to drive economic growth and employment. It also adds that India's increasing urbanization, coupled with growing disposable income, would also propel residential and commercial real estate demand and widen the market.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
