Drivers of growth – Buildings & Construction
The building and construction industry in India is poised to grow steadily as predicted by KPMG in a report where it highlighted that 9 crore houses needed to be built in India at an estimated investment of US$ 2 trillion to accomplish the “Housing for all by 2022” vision. This would also involve the investment of another US$ 1.5 trillion in supporting infrastructure comprising commercial real estate and urban infrastructure. By any yardstick this kind of investment is humongous and if achieved could augur well for the power generator industry, especially the diesel generator industry.
According to a report prepared by Motilal Oswal on capital goods, the three important drivers for the construction industry are the growth envisaged in the construction of roads, changes in railways and building of metro rail systems. Road construction activities are likely to exceed 41 km/day.
