Construction in India 2017

  • ID: 4432146
  • Report
  • Region: India
  • 334 pages
  • India Infrastructure
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After a steep pickup in growth rate of gross value addition (GVA) at 2011-12 prices in 2013-14, the construction sector has showcased a sustained, though subdued growth, till 2016-17 (as official estimates by Department of Industrial Policy and Promotion). Improvement is also mirrored in the order book position of construction players. Though moderate, there has been some increase in unexecuted order backlog of most of the companies.

The sector is slated to be benefited from a slew of policy measures announced by the government. Arbitration, for instance, one of the biggest concern areas of the sector, received action from the policy makers. Steps such as setting up of councils to ensure speedy disposal of pending arbitration cases, as well as release of 75% of the project cost to contractors by the government agencies have been welcome.

Introduction of new formats such as hybrid annuity model (HAM) for roads sector, and emphasis on addressing challenges related to PPP model (through Kelkar Committee’s recommendations) are some of the noteworthy efforts Also, introduction of Draft National Steel Policy 2017 and National Capital Goods Policy 2016 are also expected to supplement the growth in the construction space. Besides, mega-programmes such as Make in India, Pradhan Mantri Awas Yojana, and Smart Cities also cast optimism on the sector’s outlook.

The project line-up in infrastructure and housing/real estate sectors is a major positive for the construction companies. Sectors such as irrigation, railways, roads, tunnels are expected to offer significant construction opportunities in the coming years. Owing to the pipeline, order inflows are expected to gain momentum. However, the pace of execution will determine the actual activity on ground.

The government has reiterated its focus on infrastructure development time and again. This bodes well for the construction players, as it open up fresh business opportunities. Overall, according to the research, there exists construction opportunity of about Rs 25 trillion, taking into account different construction intensities of each sector.

While the demand side of construction activities is replete with a strong pipeline of projects, the actual progress on ground will crucially hinge on factors such as effective and timely execution of projects, better financing arrangements, credit metrics of the construction player, as well as the viability of the project.

Report Methodology

The data sources in this report is both primary and secondary. The primary data is obtained from sources such as related ministries, industry experts, private companies, Conferences organized by us for the related sector etc. The secondary sources include annual reports of companies, industry associations, paid databases, web sites, etc. The analysts and researchers combine the information from these primary and secondary sources with their industry expertise to synthesize the data presented in the report. Surveys and interviews are also conducted for this research. For the surveys, Interviews with key players and relevant people in the sector are mainly conducted. They are mostly via telephonic as well as personal interviews.
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The report is divided into five sections with twenty four chapters (including the executive summary)

Section I: Construction Market Overview
  • Sector Overview
  • Sector Outlook and Market Opportunities (till 2022-23)
  • New Policy Initiatives and Impact
  • Impact of GST
  • Financing Needs and Challenges
Section II: Construction Demand - Infrastructure and Housing
  • Roads and Bridges
  • Ports
  • Power
  • Airports
  • Water and Irrigation
  • Urban Transport
  • Railways
  • Housing
  • Tunnel
Section III: Contracting Capacity and Performance
  • Market Size and Key Players
  • Inter-Contractor Performance
Section IV: Equipment Market
  • Equipment Size and Growth
  • Outlook and Projections (till 2022-23)
Section V: Key Materials
  • Material Market Outlook and
  • Projections (till 2022-23)
  • Cement
  • Steel
  • Bitumen
  • Other Materials
  • geosynthetics
  • aggregates
  • bricks
  • tiles
*Each segment covers information on sector size and growth, key trends, planned capacity addition, expected investments, project pipeline, construction opportunity, key issue and challenges, outlook and projections, etc
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