Construction Industry all over the world shows a rise in its rate of growth. As far as India is concerned the government polices and expenditure in infrastructure, training and regeneration projects has boosted unprecedented growth levels across all market sectors and it is expected to increase by almost 20% by 2014. This figure is forecasted to continue to rise aided by the highly skilled and educated labours, fast expansion of leisure oriented class and the huge influx of visitors to the country promoted by tourism.
In order to give a boost to the economic development of the country, the Government has embarked upon a massive National Highways Development Project (NHDP) in the country. Under the first two phases of the project, about 14,279 km lengths of National Highways are proposed to be upgraded to 4 or 6 lanes. Indian road network of 33 lakh km is second largest in the world.
With such multifold developments India surely is the hottest market for construction industry and estimated to grow bigger in near future.
With such multifold developments India surely is the hottest market for construction industry and estimated to grow bigger in near future.