India is one of the fastest growing markets for tunnel construction due to various infrastructure development projects underway across the country. Tunnels are required for hydroelectric power projects, for improving road and railway connectivity, expanding mass rapid transit systems, and improving urban water supply and sewerage.
Big investments in infrastructure across segments will give a push to tunnel construction. The railways’ capex target for 2018-19 is at an all-time high of ₹1.48 trillion; hydropower capacity is expected to increase by 13 GW in the next five to six years; and around 10% of the upcoming length of metro rail projects is planned as underground. Apart from these, the Bharatmala, Chardham Connectivity, AMRUT, and the Smart Cities Mission will offer ample opportunities to tunnel contractors, consultants, equipment and technology providers.