CIDC Summit: Construction Business Awaits Astounding Boom

Every cloud has a silver lining and the adage appears to be true in the case of Indian construction industry. In my five decades of experience in the industry I witnessed countless business cycles when things suddenly went slow and then bounced back with a bang. In the current scenario, the major concern is not the lack of funds or work force but the lack of faith. Are we really willing to come out of the depression or are we working to achieve that goal? The erratic fund flow is a secondary issue for construction vendors but then it should not disturb the ability to take risks or the ability to deliver project on time? In India, most of the equipment are not technologically oriented and perhaps this is the right time to come up with our own indigenous mechanism to help resolve slowing fund flow, summarizes Chairman and Managing Director, Simplex Infrastructures, B D Mundhra during his address at the CIDC summit.