More than 200 leading construction companies from 10 countries, including Germany, USA, China, and Canada, will come together to discuss the US$ 170 billion Engineering Process Outsourcing opportunity at India Construction Festival on October 24-25 at Taj Palace, New Delhi.
The mega Festival is supported by Ministry of Commerce, Engineering Export Promotion Council, US India Business Council, Builder’s Association of India, and National Highway Builder Federation.
Chiefs of global engineering companies like Bechtel, Jacobs, AECOM, Mott, McDonald, Hochtief, Black & Veatch shall be participating in the event with Suresh Prabhu, the Union Minister of Commerce, India, addressing the audience as a chief guest.
The Festival is being organized by FIRST Construction Council (FCC), in association with Construction World and Engineering News-Record (ENR)–the New York-based world’s oldest and largest circulated construction and engineering magazine.
“The presence of these companies could offer us the opportunity to convince these companies to set up base in India and grab a good share of the Engineering Process Outsourcing (EPO) market which is likely to move business worth $ 170 billion to Asia,” Pratap Padode, Founder & President FIRST Construction Council told the reporters at a press meet in New Delhi.
“Further, the Rs 5.7 trillion India’s infrastructure annual budget and the mega infrastructure opportunities looming in the horizon, offer the scope for these companies to scale up business from India’s domestic market too,” he added.
Global players have identified this opportunity and are keenly looking for opportunities to connect and network with the Indian business leaders, learn more about the unique business environment and explore partnership opportunities.
Echoing the sentiment, US India Business Council, Director, Infrastructure & Energy, Frank Hollowell said, “There is tremendous scope for American infrastructure firms from all verticals to pursue project opportunities in all the major sectors in India. Recent reforms have improved conditions for project delivery, when combined with the introduction of new financial instruments, have made India a steadily improving market destination for American firms to seek opportunities and make investments.”
Identifying the need for an international event to serve as a platform for interested professionals, the India Construction Festival will bring stakeholders from around the world together, to create a vision for India’s infrastructure future.
Pointing out to the project export opportunity, Suranjan Gupta, Executive Director, Engineering Export Promotion Council, told reporters, “The Indian Construction Equipment Industry is reviving after a gap of four years and is expected to grow to US$5 billion by FY2019-2020 from the current size of US$ 2.8 billion. By 2025, Construction market in India is expected to emerge as the third largest globally. This is the right time and opportunity for Indian manufacturing industries to rise and shine in the global market.”
According to Graham Robinson, eminent UK based economist, “India will become the world’s third largest construction market at over US$1 trillion by 2030, and with Delhi expected to become the second largest city globally, the construction market in India will be almost 40% larger than Japan, the world’s fourth-largest construction market.”
Adds Padode, “For the last 15 years, the organization’s predecessor, FIRST (Foundation of Infrastructure Research Studies Training) has been involved in research on infrastructure, and has published white papers on policy, reports, newsletters, and financial models to evaluate competitiveness in the industry. Now it is set to bring best practices to the construction industry.”
The festival, which spans over two days comprises:
The India Roads Conference, to discuss and evaluate the massive Indian industry and developmental options in the Roads and Infrastructure sectors.
The Construction World Global Awards, known as the ‘Oscars of the Construction Industry’, will award India’s top builders, and recognize global contractors and design firms for their large successes.
The Construction World Leadership Summit, an international platform that captures the spirit of dynamic learning and implementation through innovation in India’s construction industry.
The Equipment India Awards is the only award ceremony that has been ranking and awarding best performers, in different equipment categories for the past five years.
Confirmed speakers include: Union Minister of Commerce & Industry, Suresh Prabhu, Graham Robinson, UK-based economist; Vinayak Deshpande, MD, Tata Projects, Dr. Anup Wadhawan, Secretary, Ministry of Commerce, Govt of India, Sanjay Bhatia, Chairman, Mumbai Port Trust, D.K. Sen, Director, L&T, Sandeep Singh, MD, Tata Hitachi, Elias George, Chairman, Infrastructure & Government, KPMG, Liz King, Director – Middle East & South Asia, Mott MacDonald, Subodh Dixit, President ( Construction), Shapoorji Pallonji Group, Vinayak Pai, MD, Jacobs Engineering, Dilip Suryavanshi, CMD, Dilip Buildcon, Rohit Modi, CEO, Essel Infraprojects Ltd, Sunil Takyar, MD, Bechtel India, Dr Ajay Mathur, Director, General, TERI, among others.
About FIRST Construction Council
The FIRST Construction Council is a non-profit infrastructure think-tank, focused on providing the latest updates on the construction industry in India, and dedicated to promoting its causes and needs. FCC is associated with numerous leading business publications in India, and with a combined reach of over 10,00,000, is strongly placed to disseminate knowledge and ideas to relevant stakeholders across the country. For the last 15 years, FIRST (Foundation of Infrastructure Research Studies Training) has been involved in research on infrastructure and has published white papers on policy, reports, newsletters, and financial models to evaluate competitiveness in the industry. The FCC aims to carry on this work and provide a platform to promote the adoption of best practices and be the torchbearer for all policy initiatives that are needed to enhance the importance and welfare of the construction industry and its industry’s unified voice.
Retail Outlets Make Life Sweeter at Rustomjee Urbania
CleverTap Names Miten Mehta as Chief Alliance Officer to Head its Global Partnership Ecosystem
Icertis Cements Undisputed CLM Market Leadership with $115 Million Round
Adonia Vertical Garden Bags ‘Green Wall’ Award
Differences Between Serviced Office And Coworking Space
The Top 10 Prominent Builders In The City Of Kolkata
The Implications Of Union Budget On Indian Real Estate
Top 5 Technologies To Integrate Into Real Estate CRM
A Look At The Luxurious Cave House: The Gumpha House
5 Ways To Reduce Your Home Loan Interest Rate
The PropTech Stories: BuildSupply Offers Customised ERP Solutions
League Makers | Featuring Aditya Kedia of Transcon
‘Momentum’ Offers A Platform To Discuss Real Estate Trends
Raunak Group’s Initiative Makes Women The Ultimate Boss At Home
10 Most Googled Real Estate Developers Of Last Year
Special Reports2 weeks ago
The Implications Of Union Budget On Indian Real Estate
Marketing2 weeks ago
5 Tips To Negotiate Rent Increase With Your Landlord
Marketing1 week ago
Why Should A Real Estate Broker Help You Buy A Home?
Residential5 days ago
The Interesting Concept Of ‘Container Homes’
Commercial2 weeks ago
Debt-Ridden Anil Ambani Puts Up Office Space For Rent
Regulation2 weeks ago
NCLT Fails To Grant Relief To Homebuyers?
Marketing4 days ago
Things To Know About Prefab Homes
Residential1 week ago
Important Terms You Need To Know About A Home Loan