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.