Industrial construction sector in India has shown tremendous growth due to infrastructure development, industrialization and government policies. The recent drive towards ‘Make in India’ and growth of industrial corridors has led to progress of industrial construction companies who are acting as a catalyst in setting up manufacturing plants, warehousing facilities etc across the length and breadth of the country. The demand for specialized construction services has increased significantly over the years mainly in the automotive, electronics, chemical and pharmaceutical industries. These industries need better infrastructure to accommodate complex manufacturing techniques and conform to the international standards. The upswing of industrial parks, Special Economic Zones (SEZs), and logistics centers has emerged as other drivers to large-scaled industrial construction.
Government measures including the National Infrastructure Pipeline (NIP) and Production Linked Incentive (PLI) schemes have come as a shot in the arm for the sector. The NIP which focuses on the creation of industrial infrastructure is benefitting construction companies and the PLI scheme has brought in a lot of foreign investment in manufacturing and thus creating demand for industrial structures. Further, the increased use of smart construction technologies such as BIM and prefabrication has improved efficiency and project delivery time thus enabling companies to meet the emerging market demands. The call for sustainable and green buildings has also seen the practice of sustainable construction in industrial buildings.
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 in this sector 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.
