The building and construction sector in India is a key constituent of its economy. Driven by recent growth in the infrastructure and the construction industry, this sector has recorded considerable growth over the last few years. Furthermore, Indian economic performance and rapid increase in per capita income has fuelled the growth of this sector. The construction sector in India has grown at a rate, faster than the 7-9% growth in GDP. The emergence of newer segments in the economy like Hospitality, Retail, Entertainment and Education have largely contributed to this stupendous growth. The phenomenal development of IT industry has given fillip to construction of high rise buildings, industry parks and SEZs, especially in the Top 10 cities of India.
It is estimated that India will become the world’s 3rd largest construction and building market by 2025, adding 11.5 million homes a year to become a $1 trillion-per-year market. From a demand perspective, metro cities of Bangalore, Delhi (particularly NCR) and Mumbai (especially the extended suburbs of Navi Mumbai and Thane) are seeing a high level of residential and commercial real estate development.
The Indian real estate comprises of four sub sectors – housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations.The government focus on infrastructure, housing is also driving the growth in this sector. For instance the government of India plans to build 30 million houses by 2022, mostly for the economically weaker sections and low-income groups.
Cement is one of the most important products in the building & construction market segment. Indian cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, from both Indian and foreign investors, making it the second largest in the world. The industry is currently in a turnaround phase, trying to achieve global standards in production, safety, and energy-efficiency.
India expects lot of development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent major government initiatives such as development of 100 smart cities is expected to provide a major boost to the sector
In India, the housing sector is the biggest demand driver of cement, accounting for about 67 per cent of the total consumption. The other major consumers of cement include infrastructure at 13 per cent, commercial construction at 11 per cent and industrial construction at nine per cent. To meet the rise in demand, cement companies are expected to add 56 million tonnes (MT) capacity over the next three years.
Other important segments in the industry includes – Paints, Tiles & Sanitary ware, Bath fittings, Pipe & Pipe & Fittings,Chimneys etc.
Amrit Consultancy is among leading Building and construction recruitment consultants in India.
Our Building and Construction Recruitment Consultant help clients achieve substantial, positive, and sustainable impact in their performance by helping them in Recruitment of the best available talent. The practice serves clients across the industry vertical, including :
- Cement Plant
- Cement Plant Equipment Suppliers
- Paints Bath Fittings
- Ceramic Tiles & Sanitary ware
- PVC Pipe & Fittings
Recent Searches for Building and Construction Recruitment
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