| Topic : 2010 Construction Outlook: Looking a lot like 2009 |
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Construction Planning & Management
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Activity:
80 views;
last activity : 07 06 2010 20:18:09 +0000
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A booming opportunity in the 2010 Commonwealth Games
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flexibility given in budget-09 for infrastructure development
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More to urban infrastructure
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The 2010 Commonwealth Games in New Delhi throws a mega opportunities for building material companies, construction equipments & technologies companies for this year. The Commonwealth Games Village project worth is US$ 40 mn which includes elevated ring road, widening and redesigning of roads in and around Delhi with more subways and 15 - 20 flyovers. There will be also sports specialty hospital and also five star hotels with cultural centres. |
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As it is it is accepted that there is great oppurtunity for infrastructure in 2010. In many a places non availability of labour (for construction), nonexecution of work and lapse of funds, Delay in payment of bills eventhough funds are available are making the progress slowdown. These kind of administrative and coordination problems should be taken care and reviewed so that available resources can yeild results.
It is prestige issue for the host country to conduct commonwealth games. We can show our strength through smooth conduct of the event and for this we need the best of the best infrastructure in record time. Looking at the gigantic project, the construction activities and progress should be monitored hourly basis. It’s now the turn of the construction companies to show their capabilities in targeted time. Therefore, the construction industry is passing through a booming time.
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As we all know, India has a large and growing middle class population of 300 mn people, out of which a large section is need on new houses. Retailing is becoming the boom industry with organized retail market. The ITES sector in India will require office space. So, this means there is a promising opportunity for the construction industry to bring more township, malls, office buildings etc. |
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- Create a confidential Career Profile and Resume/C.V. online
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The Indian construction industry, an integral part of the economy and a conduit for a substantial part of its development investment, is poised for growth on account of industrialization, urbanization, economic development and people's rising... |