Good infrastructure would be the key driver behind any great economy and this applies to India as well. India has been propelled into the international arena thanks to the growth of the Infrastructure industry. Infrastructure sector includes power, bridges, dams, roads and urban infrastructure development. India needs Rs 31 trillion (US$ 454.83 billion) to be spent on infrastructure development over the next five years, with 70 per cent of funds needed for power, roads and urban infrastructure segments.
The Indian power sector itself has an investment potential of US$ 250 billion in the next 4-5 years, providing immense opportunities in power generation, distribution, transmission and equipment.
The Indian construction equipment industry is reviving after a gap of four years and is expected to grow to US$ 5 billion by FY2019-20 from current size of US$ 2.8 billion, according to a report released by the Indian Construction Equipment Manufacturers’ Association.
Foreign Direct Investment (FDI) received in construction development sector from April 2000 to December 2015 stood at US$ 24.18 billion, according to the Department of Industrial Policy and Promotion (DIPP).
The Government of India has earmarked Rs 50,000 crore (US$ 7.34 billion) to develop 100 smart cities across the country. This would further boost the infrastructure market.
The Government of India has unveiled plans to invest US$ 137 billion in its rail network over the next five years to unlock faster economic growth.
The Government of India has announced highway projects worth US$ 93 billion, which include government flagship National Highways Building Project (NHDP) with total investment of US$ 45 billion over next three years.