CONSTRUCTION WORLD Leadership Summit 2018
Cement

CONSTRUCTION WORLD Leadership Summit 2018

KEY TAKEAWAYS
  • India is at the cusp of both v adopting newer technologies and the challenge of availability of skilled manpower.
  • Nowadays, due to the advent of virtual project sites, implementation of projects are getting faster.
  • India's labour productivity is 1/10th of what the western world has.
  • That said, we have a long way to go!
  • Since operating machines remain an ongoing challenge for operators, manufacturers and construction companies need to address this impediment.

KEY TAKEAWAYS
  • India stands at a crucial juncture in the development narrative, where the country would need $4.5 trillion to upgrade the urban setup and its choked infrastructure.
  • India has advanced with PPP-like model offlate, but requires alternative funding and financing options for successful implementation.
  • About 80 per cent of India's infrastructure developers at present are bankrupt. = Financial markets are not showing much interest in Artificial Intelligence and machine learning.

"India's housing market will probably overtake China by 2030."
 

- Graham Robinson, Economist and Executive Director, Global Construction Perspectives

  • In 2015, 32 per cent of India's population was urbanised; this is going to go close to 40 per cent. There is a huge movement from the rural parts of the country into urban centres, which will drive huge challenges in engineering and construction in urban centres.
  • China, Brazil and the US, as compared to India, are highly urbanised. But India is the sleeping giant, which is a big driver of growth.
  • India will have over a 100 million families earning more than $35,000, which will drive a huge urban boom for high-end retail goods, logistics, healthcare, education, etc.
  • Countries like Germany that already have world-class infrastructure do not necessarily need to build more capacity.
  • The US is pretty much an outlier in the 10 countries that we have picked out. But India can spend a few more hundred billions on infrastructure.
  • Coming to the top 10 construction markets globally, India ranks fourth. If we forward to 2030, it moves on to the third position and overtakes Japan.
  • We will probably see the housing market in India overtake China by 2030.
  • India is the fastest growing major construction market in the world. The growth rates are near 7-8 per cent annually.
  • With a lot of smart cities growing, if we take the top 20 states and the top 30 cities, we will hear of a lot more new cities in India by 2030.

PARTNERS
= State Partner: Andhra Pradesh Economic Development Board = Platinum Partner: Dilip Buildcon = Official Cement Partner: Wonder Cement = Gold Partners: Tata Projects; and Shapoorji & Pallonji Engineering and Construction = Associate Partners: Welspun Enterprises; Hyundai Construction Equipment; Godavari Paints and Patel Infrastructure.

KEY TAKEAWAYS India is at the cusp of both v adopting newer technologies and the challenge of availability of skilled manpower. Nowadays, due to the advent of virtual project sites, implementation of projects are getting faster. India's labour productivity is 1/10th of what the western world has. That said, we have a long way to go! Since operating machines remain an ongoing challenge for operators, manufacturers and construction companies need to address this impediment. KEY TAKEAWAYS India stands at a crucial juncture in the development narrative, where the country would need $4.5 trillion to upgrade the urban setup and its choked infrastructure. India has advanced with PPP-like model offlate, but requires alternative funding and financing options for successful implementation. About 80 per cent of India's infrastructure developers at present are bankrupt. = Financial markets are not showing much interest in Artificial Intelligence and machine learning. "India's housing market will probably overtake China by 2030."   - Graham Robinson, Economist and Executive Director, Global Construction Perspectives In 2015, 32 per cent of India's population was urbanised; this is going to go close to 40 per cent. There is a huge movement from the rural parts of the country into urban centres, which will drive huge challenges in engineering and construction in urban centres. China, Brazil and the US, as compared to India, are highly urbanised. But India is the sleeping giant, which is a big driver of growth. India will have over a 100 million families earning more than $35,000, which will drive a huge urban boom for high-end retail goods, logistics, healthcare, education, etc. Countries like Germany that already have world-class infrastructure do not necessarily need to build more capacity. The US is pretty much an outlier in the 10 countries that we have picked out. But India can spend a few more hundred billions on infrastructure. Coming to the top 10 construction markets globally, India ranks fourth. If we forward to 2030, it moves on to the third position and overtakes Japan. We will probably see the housing market in India overtake China by 2030. India is the fastest growing major construction market in the world. The growth rates are near 7-8 per cent annually. With a lot of smart cities growing, if we take the top 20 states and the top 30 cities, we will hear of a lot more new cities in India by 2030. PARTNERS = State Partner: Andhra Pradesh Economic Development Board = Platinum Partner: Dilip Buildcon = Official Cement Partner: Wonder Cement = Gold Partners: Tata Projects; and Shapoorji & Pallonji Engineering and Construction = Associate Partners: Welspun Enterprises; Hyundai Construction Equipment; Godavari Paints and Patel Infrastructure.

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