Saturday, July 11th, 2020

India’s growing construction market receiving global attention

downloadINVC, Mumba,

Unprecedented international & local response for mega building & construction show organized by FICCI, Ministry of Urban Development and dmg events

Spurred on by the boom in the real estate segment which accounts for nearly 43% of the construction spend, India’s growing construction industry is attracting a large number of global players. According to a PwC report prepared for by the organizers of The Big 5 Construct India, the real estate sector is forecast to grow at a CAGR of 3.6% during 2012 to 2016, with a total market for this segment during this period estimated to be US$ 380 billion (approx. Rs.22,800 crore)  To provide a platform to the large number of international manufacturers keen on entering the Indian construction market, FICCI (Federation of Indian Chambers of Commerce and Industry), the Ministry of Urban Development, Government of India (MUD), and dmg events are organizing a mega building & construction show in Mumbai from 2nd to 4th September this year at the Bombay Exhibition Centre  The show has evoked overwhelming response and has received confirmations from 10 international country pavilions including Germany, Italy, Spain, Turkey, UK, Iran, Greece, Taiwan, Korea & China. In addition, leading companies from countries like India, Thailand, Japan, UAE, Oman, Vietnam, Singapore, France, Australia, etc have confirmed their participation.  Emerging technology trends are redefining the Indian construction industry and taking it to the next level globally.  Technology is emerging as a catalyst of change as the industry grapples with challenges like escalating project costs and prolonged construction periods.  Technology holds the key to address these issues and enables the sector to react to changing market conditions effectively and efficiently.  Aptly, the show focuses on “building products and construction technologies”.  As in other industries, widespread deployment of advanced technology products is helping the construction industry to improve quality, timeliness of project delivery and performance as well as to address long term sustainability and environment related concerns. The Big 5 Construct India show will feature a staggering range of the latest local and international building material and construction products with several companies exhibiting their products for the first time in India.  These products include innovative technologically advanced polyurethane products for water proofing, flooring and roofing; the super stretch and wrap ultimate multipurpose rescue tape that could be used to fix virtually anything; and seamless sculptural wall surface designs, seamless contemporary resin floorings and decorative resin wall panels. “We have participated in other editions of The Big 5 in other parts of the world and they all offered us many opportunities to showcase our products and promote our business. This time too we plan to exhibit our range, including rebar, wire rod and heavy sections. We believe that this event will be good for our business, knowing that it is taking place in a market that is growing every year and poised for exceptional growth. Other benefits of being at the show include making direct contact with our end customers and networking with new ones,” said Mr. Mohammed Al Afari, AVP Emirates Steel.



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