Sustainability Initiatives of India Towards Maintaining the Growth Story of 8% + GDP
Dr. S. K. Manjrekar, Chairman & Managing Director, Sunanda Specialty Coatings Pvt. Ltd., Mumbai
Introduction
India's construction sector is assessed at Rs.4000 billion or $100 billion dollars. As a result of government spending, private investment as well as foreign direct investment, has made India ranks one of the top ten spending nations in construction in the world. We manufacture more than 250 million tons of cement and are second only to China. A recent report "Global Construction 2020", estimates that India will be third largest global construction market after China and USA.
India posted growth of 7.2% in the year 2009–10 despite the global financial crisis. Today, we are eyeing a growth of 8.2% this year.
This is a premium article available exclusively for our subscribers.
If you are already a subscriber, please Login
If not, subscribe now and get access to well researched articles & reports on infrastructure construction, equipment & machinery, innovations & technology, project reports, case studies, and more. All this by simply paying just ₹200/- for a month of complete portal access, or a discounted rate of ₹1000/- for a full year of access.
NBM&CW May 2011
