At the moment, we estimate the market to be around 130 million square metres. And we expect this to potentially double within the next five to six years. So maybe we are talking about 200 million square metres. This is also the reason why we have moved into India as we see good potential in this market segment. We are aware that there are some challenges involved.
Tag: Construction
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Hidden Benefits
Notwithstanding the tremendous potential to expand revenues, general lack of awareness about the benefits of using geosynthetics might delay projections set by firms in the sector. However, despite challenges, growth is eventually inevitable.
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Swachh Survekshan of 500 cities launched
Minister of Urban Development M Venkaiah Naidu has launched ‘Swachh Suvekshan-2017’ to assess and rank 500 cities and towns based on levels of sanitation and efforts made by respective urban local bodies and also to capture the progress towards achieving ‘Open Defecation Free’ status.
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Rs.16,641 cr investment in affordable housing
The Central government has approved an additional investment of Rs.16,641 crore for affordable housing for construction of 2,44,267 houses for urban poor under the Pradhan Mantri Awas Yojana (Urban) during the first four months of this financial year.
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DMIC gives nod for Phase II
The Delhi Mumbai Industrial Corridor (DMIC) Trust has given its approval to start the phased procurement of Engineering, Procurement and Construction (EPC) contracts worth Rs.6,414 crore for the Bidkin Industrial Area in Maharashtra.
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LTI & GE Digital announce global strategic partnership
L&T Infotech (LTI), a global information technology services and solutions company, has announced a strategic partnership with GE Digital, combining LTI´s diverse industrial capabilities with GE´s Predix cloud-based operating system for the Industrial Internet.
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Govt identifies 26 port-rail connectivity projects
The government has identified 26 port-rail connectivity projects under its ambitious Sagarmala programme worth Rs.29,500 crore.
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Steel and style
Pre-engineered buildings (PEBs), a popular concept in North America and Europe, have been gaining momentum in India also, since their entry 15 years ago.
The major reasons behind the growth of PEBs are reduced construction time, faster occupancy, earlier returns on investment, reduced labour at site, architectural/design flexibility, eco-friendliness and easy installation and maintenance
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MP seeks allocation for Azhikkal port development
PK Sreemathi, MP, has urged Kerala´s Finance Minister TM Thomas Isaac to earmark adequate funds in the state budget for the development of the Azhikkal port here as envisaged in the master plan.
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Urban Infrastructure | Business or Welfare?
Urban infrastructure is complex business. Rarely have we built any major world class infrastructure in our cities, which have had a good sustainable business case for private investment.