India Business Guide
- Term: UrduLanguage derived from Persian spoken in Northern India and in Hyderabad; spoke Urdu and spoken Hindi merge into HindustaniAll Dictionary Terms
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Construction Companies in India
Construction Companies in India: The industry began as a government-regulated industry, and even after the establishment of private consultancy firms, the government continued to play a key role in encouraging and promoting the development of India’s construction industry. Following agriculture, the construction industry in India is the leading contributor to the country’s GDP, contributing over 10% annually.
As an industry, the growth of the construction sector exceeds that of India’s national projected GDP growth, creating a myriad of possibilities for development in the near future. The industry employs approximately 31 million people throughout India, and is segmented into three areas: real estate construction, which encompasses residential and commercial construction needs; infrastructure building, which includes the construction of ground transportation lines (roads and railways), power plants, etc.; and industrial construction, into which category fall projects related to oil and gas refineries, pipelines, and textiles, among others.
Involvement from foreign investors has helped to cultivate the industry to what it is today, and the construction industry is only expected to grow. In fact, the industry is estimated to be worth $120 billion U.S. dollars by the year 2010. The key factors behind this growth are continuing government investment in infrastructure creation, as well as real estate construction to meet the demands for residential and commercial real estate.
The Construction industry Development Council, established by the Planning Commission, Indian government, and the Indian construction industry, seeks to further the professional, environmental, and technological goals of the Indian construction industry by improving quality levels and providing the impetus for positive change through self-reform, thereby securing the future of the construction industry in India.
- Aprotech Engineers
- Artson Engineering Ltd
- Bhagheeratha Engineering Ltd.
- Gammon India Ltd.
- Larsen & Toubro Ltd.
- Leighton Contractors India Pvt. Ltd.
- Mesuka Engineering Co. Pvt. Ltd.
- MRK Industries
- National Academy of Construction (NAC)
- National Higways Authority of India (NHAI)
- Patel Engineering Ltd.
- Schwing Stetter India Pvt. Ltd.
- SVEC Constructions Ltd.
- The Hindustan Construction Co. Ltd.