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Significant opportunities exist for vendors of port construction and operations equipment. Cargo traffic at Indian ports stood at 934 mt last year. That the capacity at these ports is required to grow to 2,000 mt
Reports suggest that India´s construction sector will grow at 7-8 per cent each year over the next decade following the election of a new government. According to Wilfried Theissen, Managing Director, Putzmeister Concrete Machines Pvt Ltd,
Concrete is a basic building block. But so far, Indian concrete consumers prefer to make the concrete they use. Ready-mix concrete (RMC) accounts for only 4-7 per cent of the country´s cement consumption whereas 70 per cent of the cement produced in Japan gets consumed by its RMC business.
Reports suggest that India´s construction sector will grow at 7-8 per cent each year over the next decade following the election of a new government. According to Wilfried Theissen, Managing Director, Putzmeister Concrete Machines Pvt Ltd, ´The market, which is currently +/-30 per cent below 2011, is set to grow by 10-15 per cent in 2015 and hopefully by a further 20 per cent in 2016-17.
RMC continues to trace a growth curve as players carve out new markets. India manufactures around 35-40 million cu m of concrete annually from around 1,000 ready-mix concrete (RMC)
According to the Council on Tall Buildings and Urban Habitat (CTBUH), global stats for tall buildings set a new record: 106 skyscrapers rising 200 m or above completed in 2015. In fact, from 2010 to 2015, the number of ´supertalls´ has doubled. With increasing population, especially in developing countries, skyscrapers may well become the new normal. With Indian cities witnessing a surge of high-rise developments, CW features technologies and systems that are essential to build tall.
After the boom in 2010-2011, the CE suffered a downturn for over three years. Only in the second half of 2015, the market showed signs of recovery. The year 2016 has been good with a growth of more than 30 per cent as compared to 2015.
