Apr 9 2010
McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), today released a new SmartMarket Executive Brief, India's Growing Construction Marketplace: Trends Driving Business Opportunities at its 2010 Global Construction Summit in New York City. Produced in collaboration with CRISIL Ltd. (a Standard & Poor's company), the Confederation of Indian Industry and the India Green Building Council, the report provides new insights on construction opportunities based on key trends, including green building, infrastructure development, and commercial and institutional buildings.
"India is one of the fastest-growing construction markets in the world," said Harvey Bernstein, vice president, global thought leadership and business development, McGraw-Hill Construction. "With a rapidly urbanizing population and growing middle class, we see demand for new projects across nearly all areas of construction. This report reveals the tremendous opportunity that exists in India — for both domestic and foreign firms who can offer the goods, services and expertise to help India successfully meet their construction needs."
In the India SmartMarket Executive Brief, thought-leaders share their perspectives on India's growing construction marketplace and identify opportunities by shedding light on major trends such as master-planned communities, mixed use developments, Special Economic Zones and infrastructure construction projects including roads, railways, airports, ports, power and water. The report identifies several key trend areas of importance, which include:
- Green Building: Spurred by the introduction of the LEED-India rating system as well as investor and occupier demands for more energy- and cost-efficient living and workspaces, green building is emerging as a major trend in Indian construction.
- Infrastructure Development: Rising income levels coupled with rapid urbanization are driving government expenditure on infrastructure development. Despite the global economic downturn, infrastructure investments are expected to more than double by 2012 to USD $514 billion (INR 20.6 trillion) through India's Eleventh Five-Year Plan (2007–2012). The government is also offering 100% income tax exemption for firms building, investing or operating infrastructure projects over the next 10 years.
- Institutional Facilities and Commercial Buildings: A growing and urbanizing middle class is increasing demand for more schools, hospitals and senior housing facilities in India, offering over $100 billion in construction project opportunities.
Source: http://www.construction.com