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India's growing construction market receiving global attention

The construction industry is a major contributor to the country’s GDP (8% in FY12) and one of the largest employment generators currently employing around 33 million people.  While the Indian economy grew by 5% in FY13 as compared to 6.2% in FY12, the construction industry grew by 5.9% in FY13 against 5.6% in FY12.  According to a PwC report prepared for the organizers of The Big 5 Construct India, India is expected to emerge as the world’s 3rd largest construction market by 2020.

 

In the last decade, “the country has witnessed a tremendous housing boom and over the span of five years, from 2012 to 2016, the real estate sector is expected to account for 43% of the construction spend in India.  This segment is forecast to achieve a CAGR of 13.6% during this period.  The PwC report estimates that the market for real estate construction segment in India is likely to aggregate to approximately US$ 380 billion over the five year period, 2012 to 2016”, stated Dushyant Singh, Associate Director - Strategy from PwC.

 

Leveraging this unprecedented growth and opportunities for suppliers of construction products offered by the Indian market, Federation of Indian Chambers of Commerce and Industry (FICCI), Ministry of Urban Development, Government of India and dmg events are jointly organizing The Big 5 Construct India 2013, an international building and construction show to be held at the Bombay Exhibition Centre in Mumbai from 2nd to 4th September 2013. 

 

“Construction in India offers huge potential to those looking to develop their business and the Big 5 Construct India would be the perfect place to cultivate new opportunities in the region”, said Muhammed Kazi, Project Manager, The Big 5 Construct India. He added, “Thanks to the wonderful support from FICCI and the Ministry of Urban Development, Government of India, the event has received overwhelming global response and promises to be a huge success.”

 

The Big 5 is the largest event in the building and construction industry in the Middle East, South East and Central Asia which last year attracted over 60,000 audited buyers of construction products and is now launching in India.

 

The exhibition will showcase the latest construction technologies from around the world as well as a staggering range of local and international construction products from heavy machinery to fit-out products giving exhibitors an opportunity to promote their products and meet face to face with buyers from the largest projects in India. The show has evoked overwhelming response and has received confirmations from 10 international country pavilions including Germany, Italy, Spain, Turkey, UK, Iran, Greece, Taiwan, Korea & China. In addition, leading companies from countries like India, Thailand, Japan, UAE, Oman, Vietnam, Singapore, France, Australia, etc have confirmed their participation.

 

Emerging technology trends are redefining the Indian construction industry and taking it to the next level globally.  Technology is emerging as a catalyst of change as the industry grapples with challenges like escalating project costs and prolonged construction periods.  Technology holds the key to address these issues and enables the sector to react to changing market conditions effectively and efficiently. 

 

Aptly, the show focuses on “building products and construction technologies”.  As in other industries, widespread deployment of advanced technology products is helping the construction industry to improve quality, timeliness of project delivery and performance as well as to address long term sustainability and environment related concerns.

 

Several companies would be exhibiting their products for the first time in India.  These products include innovative technologically advanced polyurethane products for water proofing, flooring and roofing; the super stretch and wrap ultimate multipurpose rescue tape that could be used to fix virtually anything; seamless sculptural wall surface designs, seamless contemporary resin floorings and decorative resin wall panels;  Crystal Marbels, Stawped & coloured concrete and Gypsum plaster; coloured SS infra items; Physical Vapour Deposition Coated Stainless Steel and the world’s first cementitious sealant which can be used in wet conditions and also on water immersed conditions.

 

Mr. Priyank Mistry, Manager, ARC – A Jindal Stainless Company, said “We are launching PVD SS and The Big 5 Construct India is the perfect platform to launch this new innovative product.”

 

According to Srikanth Srinivasan, Associate President – Procurement, Puravankara Projects Ltd, “The Big 5 is a “must visit” event for any professional from the Construction industry and gives valuable insight into the new developments and trends in the Construction industry. It is also a great platform for Sellers and Buyers to meet and explore opportunities for doing Business. I have attended the Big 5 in Dubai last year and would definitely attend the Big 5 in Mumbai in September this year and would strongly recommend my colleagues and peers from the industry to do the same”.

 

The winning combination of The Big 5 brand’s reputation, industry-wide database opportunities and FICCI’s commercial know-how expertise will come together for three days of business and networking as The Big 5 Construct India reaches out to the market by opening a highly organised and professional gateway through which global suppliers will be able to showcase their range of products to buyers from across the country.

 

Mr. Mohammed Al Afari, AVP, Emirates Steel, the Platinum Partner for the event said “This is the first time we are sponsoring The Big 5 in India, which will be – I believe – an excellent exhibition and an important event for us.  He further added, “We have participated in other editions of The Big 5 in other parts of the world and they all offered us many opportunities to showcase our products and promote our business. This time too we plan to exhibit our range, including rebar, wire rod and heavy sections. We believe that this event will be good for our business, knowing that it is taking place in a market that is growing every year and poised for exceptional growth. Other benefits of being at the show include making direct contact with our end customers and networking with new ones.”

 

A series of free seminars, panel discussions and live interactive demonstrations will complement the show floor activity providing participants with up-to-the-minute information, trends analysis and best practice case studies to improve the decision making process and encourage investment.

 

Mr. Vinay Mathur, Deputy Secretary General, Federation of Indian Chambers of Commerce and Industry (FICCI), said, “The Big 5 Construct India would provide genuine business opportunities by placing exhibitors in front of product buyers from some of the largest construction projects in India.  Looking at the tremendous response received from leading international and domestic players, I have no doubt that The Big 5 Construct India will be a runaway success.”

 

The leading names supporting the event are as follows:

Platinum Partner: Emirates Steel;

Associate Partner: arc;

Seminar Partner: Tekla and

Knowledge Partner: PwC.