New project inflows for construction sector to improve in 2020: Icra
The new order inflows for construction companies will improve in 2020 with a huge pipeline of projects in the infrastructure sector, rating agency Icra said on Tuesday.
Assigning a stable outlook for the construction sector, Icra however said delays in land acquisition, funding issues, and state government priorities pose threat to new order inflows.
“Icra has given a stable outlook for the construction sector. With a huge pipeline of projects to be awarded in the infrastructure sector, Icra expects the new order inflows for construction companies to improve in CY (calender year) 2020,” it said.
