India, a Land Of Construction Projects

500 WordsApr 23, 20192 Pages
India, a Land Of Construction Projects India is serving piping hot construction projects all across the country. With India’s economy getting bigger and bigger. A new study by Global construction perspectives and Oxford Economics says, India will become the world's third largest construction market by 2025, adding 11.5 million homes a year to become a $1 trillion a year market. Infrastructure industry led by some of the established as well emerging companies have constituted a strong domestic market and has displayed a sturdy performance with continuous growth. The renowned top players in the infrastructure industry of India are: Larsen and Toubro: A multinational headquartered in India, it remains the undisputed top infrastructure…show more content…
Apart from the various successful projects they are majorly into the road projects from Maharashtra-Goa border to Panaji-Goa-Karnataka. The project includes a six-lane cable-stay bridge over the Zuari river. Hindustan Construction Company (HCC): HCC Groups delivers world class engineering and construction services. They are pioneers in the Indian Infrastructure industry. HCC has a rich history of work ranging from tunnels, bridges, expressway, treatment plants, nuclear plants, dams etc. One of the recent popular project is city of Lavasa, India’s first and largest planned city. Gammon India: Gammon is one of the best construction companies in India comprising of transmission lines, infrastructure management and power sector. While the above mentioned companies are forerunners, many new players are keen to join the game. The liberalization of government regulations makes India a tempting destination for more investment in the infrastructure market. There are few restrictions on foreign direct investment (FDI) and tax holidays are granted for developers of most types of infrastructure projects. Despite the global downturn, the growths of infrastructure companies continue at 7-7.5%. Looking ahead, it is imperative that infrastructure development occurs in a sustainable manner, in India and around the globe. The impact of climate change is to be slowed down
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