As key growth drivers, Gautam Suri, Founder, Interarch Building Products identifies the booming industrial segment and the e-commerce industry, which has boosted the growth of warehouse spaces and distribution centres. Going forward, he expects government investment in urban infrastructure such as hospitals, institutions, malls, metro station sheds, airports, recreational buildings, social infrastructure and retail to spur growth.
In future, S Krishnakumar, CEO, Building Solutions, Everest Industries expects most of the demand for steel structures to come from the warehouse and industrial sectors, typically automotive and food processing factories, airports, power plants, power distribution, metro stations and depots. The implementation of big-ticket projects will improve the scope for the organised sector, which places equal emphasis on processes and outcomes.
“Robust expansion plans within the logistics and e-commerce sectors in the next five years will trigger greater demand for warehousing sheds,” says Nahar.
“We see huge scope for providers in airport construction,” says Nikhil Bothra, Director, Epack Polymers. Under the UDAN scheme, the Government proposes to build 486 new airport terminals within five years. He believes most of these airports will be constructed with pre-engineered building technology.
Nahar identifies a prospective segment that will trigger demand for state-of-the-art pre-engineered buildings—the creation of large warehouses by developers such as GMR, Indospace, ESR, JKS, etc, with the idea of leasing out space to multinational corporation customers looking to create warehousing corridors closer to their markets.