India’s Path to Global Leadership in Construction
ECONOMY & POLICY

India’s Path to Global Leadership in Construction

Union Minister of Commerce & Industry, Shri Piyush Goyal, addressed CAPEXIL’s Vibrant Buildcon 2025, urging industry stakeholders to prioritise sustainability, reduce import dependency, and promote clean, green, and earthquake-resistant construction practices. The Minister emphasised India’s growing strength in sectors like housing, infrastructure, and commercial real estate. He acknowledged the government's efforts in driving infrastructure development, citing examples such as Bharat Mandapam and Yashobhoomi convention centers, which were constructed during the pandemic and hosted global events like the G20 Summit.

Shri Goyal underscored the importance of several key initiatives, including the establishment of smart industrial cities, enhanced tourism infrastructure, and plug-and-play industrial hubs. He stressed that these efforts are crucial for India's goal of becoming a $30-35 trillion economy by 2047. The Minister also highlighted the role of farmers in ensuring food security during the pandemic and the significant transformation occurring in India’s construction ecosystem.

Concluding, Shri Goyal called for innovation and fair wages, reaffirming India’s potential to emerge as a global superpower, leading in growth, infrastructure, and inclusive development.

Union Minister of Commerce & Industry, Shri Piyush Goyal, addressed CAPEXIL’s Vibrant Buildcon 2025, urging industry stakeholders to prioritise sustainability, reduce import dependency, and promote clean, green, and earthquake-resistant construction practices. The Minister emphasised India’s growing strength in sectors like housing, infrastructure, and commercial real estate. He acknowledged the government's efforts in driving infrastructure development, citing examples such as Bharat Mandapam and Yashobhoomi convention centers, which were constructed during the pandemic and hosted global events like the G20 Summit. Shri Goyal underscored the importance of several key initiatives, including the establishment of smart industrial cities, enhanced tourism infrastructure, and plug-and-play industrial hubs. He stressed that these efforts are crucial for India's goal of becoming a $30-35 trillion economy by 2047. The Minister also highlighted the role of farmers in ensuring food security during the pandemic and the significant transformation occurring in India’s construction ecosystem. Concluding, Shri Goyal called for innovation and fair wages, reaffirming India’s potential to emerge as a global superpower, leading in growth, infrastructure, and inclusive development.

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Infrastructure Transport

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

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NGT Issues Notice on Bengaluru Twin Tunnel Project

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Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

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