Construction Industry - Progressing Towards A 'Digital' Future
A digital approach can effectively address the peculiar challenges faced by the construction and engineering industry.
Sandeep Desai, Afcons Infrastructure Limited
The Indian construction and engineering industry is poised for significant growth with a projected expansion of 6.6% in real terms. As part of the ambitious Pradhan Mantri Gati Shakti Master Plan, worth $1.3 trillion, India’s infrastructure development will play a crucial role in driving economic growth over the next several decades. This presents both opportunities and challenges for players in the industry, as they strive to win bids and deliver quality projects on time in a highly competitive market.
Given this scenario, there is a growing need for digital technologies to support the exponential growth and manage skill gaps in the industry. The global Covid-19 pandemic accelerated the shift towards digital collaboration and work processes, as stakeholders such as contractors, architects, engineers, subcontractors, and suppliers adopt digital technologies for everything from video-call site meetings to online ordering.
Sandeep Desai, Afcons Infrastructure Limited
The Indian construction and engineering industry is poised for significant growth with a projected expansion of 6.6% in real terms. As part of the ambitious Pradhan Mantri Gati Shakti Master Plan, worth $1.3 trillion, India’s infrastructure development will play a crucial role in driving economic growth over the next several decades. This presents both opportunities and challenges for players in the industry, as they strive to win bids and deliver quality projects on time in a highly competitive market.
Given this scenario, there is a growing need for digital technologies to support the exponential growth and manage skill gaps in the industry. The global Covid-19 pandemic accelerated the shift towards digital collaboration and work processes, as stakeholders such as contractors, architects, engineers, subcontractors, and suppliers adopt digital technologies for everything from video-call site meetings to online ordering.
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NBM&CW May 2023
