Construction Industry - Riding the Technology Wave

Construction Industry Riding The Technology Wave

Contractors and real estate developers engaged in infrastructure development discuss the emerging opportunities in the India's construction sector with the government's renewed focus towards fast-tracking projects for timely completion. However, a majority of the companies heads interviewed by the NBM&CW stated that they often have to contend with several challenges during project execution. Challenges include funding issues, clearances and approvals by the authorities, lack of project managerial skills, dearth of skilled workers, lack of access to innovative software and technologies, and, sometimes, lack of project-specific equipment.

They suggest various measures to clear roadblocks for smoother and faster implementation of projects, and digitization of processes to bring greater efficiency and accountability at every stage of a project's construction. Measures include upskilling the workforce with regular training, better coordination between the government agencies, mechanism for dispute resolution, and so on.

They are also unanimous in their opinion that wider adoption of advanced technologies such as Artificial intelligence (AI) and Internet of Things (IoT) can help bring down construction time and operational costs. According to them, these futuristic technologies have immense scope in India and their implementation in construction will bring huge benefits to infra development, especially with projects becoming bigger and more complex.

In fact, the construction industry is undergoing a new phase of modernisation with AI, machine control and IoT making inroads (quicker than expected) around the globe, including India. It is heartening that many companies in India are already accessing a host of technologies, which is bringing about a visible change in their businesses with higher productivity and better performance.

Both the contractors and real estate developers speak optimistically of better managed projects, greater ability to meet challenges that hold up work, better product quality, scheduled completions, and overall satisfaction, with the use of advanced technologies in construction equipment and project management.

Click on the below links to read the viewpoints of the major infrastructure and real estate companies.

NBM&CW July 2019

Parijatha Machinery

Parijatha has always focused on developing environment-friendly products. Our flyash based brick and block making machines are the most successful in the market due to their proven utilization of the maximum percentage of fly ash Read More ...

Neptune Industries

We have technical collaborations with European companies through which we can adopt their technology to find indigenous solutions. This way, we are actually selling European quality in India, and at a much affordable cost Read More ...

Nova Formworks: Staying Ahead

We introduced plastic formworks in the Indian market in 2011-12 and we will continue to make innovations in this product line. The nature of plastic makes this formwork automatically safe as there are no sharp edges Read More ...

Cochin Airport Runway Upgradation - A Runaway Success for Tarmat Ltd.

Jerry Varghese, Chairman, Tarmat Limited, discusses the challenges during the construction and up-gradation of the Cochin Airport Runway, and attributes the project’s completion on time to Ammann India plants and machines Read More ...

AJAX: Resilient & Resourceful

Debasis Bhattacharya, Head – Marketing, Sales & Product Support at AJAX Engineering, discusses what is making AJAX even more resilient and adaptive, as it finds ways to remain competitively strong despite the current slowdown Read More ...

Vermeer India: In the Forefront of Trenchless Technology

T. Ramesh, Country Head, Vermeer India, speaks on the widening scope of trenchless technology and solutions offered by Veermer for India’s infra development sector. Trenchless solution is used in constructing infrastructure Read More ...

INNOMAC: On a Roll

In 2019, Bangalore-based INNOMAC Engineering Industries launched a range of construction equipment such as Bar Cutting Machines, Bar Bending Machines, Suspended platforms, Hydraulic Home lifts and Building Maintenance Systems Read More ...

Louis Berger Tunnelling Through Challenges

Kshitish Nadgauda, Senior VP & MD – Asia, Louis Berger, shares information on the challenges encountered during tunnelling in the mountainous terrains of J&K and in the busy streets of Mumbai. Louis Berger has completed Read More ...

Wacker Neuson: Zero emission is the future

The Wacker Neuson Group continues to make targeted investments in research and development to expand its portfolio and position as a leader in technology in its core markets. The Group is actively working on new technologies Read More ...

Volvo Trucks: Adapting to Evolving Markets

Volvo Trucks International is enhancing its hauling capabilities, creating digitized interface in its products, and meeting the new emission regulations. Roger Alm, Executive Vice President, Volvo Group & President, Volvo Trucks Read More ...

Epiroc: Strong in India

Jerry Andersson, Managing Director, Epiroc Mining India, shares the reasons behind the company’s sustained growth in India over 60 years. Epiroc has completed 60 years in India, during which time, our machines have helped Read More ...

Ashitech to launch higher capacity asphalt batch mix plants

In a bid to target big contractors working on long stretches of the National and State highway and road projects, Gujarat-based asphalt batch mix plant manufacturer Ashitech will be launching 180-200 tph asphalt batch mix plants Read More ...

KYB Conmat - Developing tech-rich competitive products

Japanese Concrete Equipment manufacturing conglomerate, KYB Conmat has launched a new range of compact batching plants of 30-45-60 cum/hr capacities; wheel loaders of 1.2 cum and 1.6 cum; a new range of tower batch Read More ...

Tata Hitachi to scale up business with more products

Based on an evaluation of customer requirements, Tata Hitachi is introducing new, more sturdy machines; It has re-entered the backhoe loader market with its Shinraj model and plants to increase its product portfolio going forward Read More ...

PMP offers complete package of solutions to OEMs

PMP industries will continue to provide higher levels of equipments performance optimization through its integrated solutions for India and global markets. The company is offering a range of solutions for varied verticals of construction Read More ...

CASE India enters new product segment; launches its well tested 20-ton Made in India Excavator

The CNH Group is doubling its investments in India and consolidating its market presence by offering a value proposition to its customers. Neil Woodfin, VP AMEA and CE Global Alliances, CNHI International SA, and Raunak Varma Read More ...
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