Over the past few years, infrastructure development and construction have been at the forefront of public and economic policy. This is being recognised as a key driver for achieving the Government’s goal of a $5 trillion economy by FY 2024-25.
Recognising the economic benefits of infrastructure and housing development as well as its employment generation potential (the construction sector is the second-largest employment generator in India, after agriculture), the Government of India is making a policy push with various programmes, such as the National Infrastructure Pipeline (NIP), Gati Shakti, the National Monetisation Plan (NMP) and housing schemes to create an enabling environment for such development…