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

Premium Transmission Expanding Operational Ambit

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Starworth Infrastructure and Construction Taking the Precast Way to Growth

Raj Pillai, Managing Director, Starworth Infrastructure and Construction, speaks on precast construction methods, challenges and advantages, and why selection of the right equipment, quality control, and following national building codes Read More ...

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M. V. Satish, Whole Time Director & Senior Executive Vice President (Buildings, Minerals & Metals) of L&T Construction discusses the challenges and scope of infra development in both greenfield and brownfield airports and the company's Read More ...

Jindal Aluminium Limited: Preferred Supplier

Aluminium is becoming an integral part of infra construction projects like Metros, Smart Cities, etc. purely due to the material’s sustainable nature, avers Pragun Jindal Khaitan, MD, Jindal Aluminium Limited, and envisages demand Read More ...

CMRL: Unfazed by Challenges

With the inauguration of the final 10-km stretch between AG-DMS and Washermanpet, the entire 45-km first phase of the Chennai Metro rail network is now up and running. Thiru Pankaj Kumar Bansal, I.A.S, Managing Director, Chennai Metro Rail Limited Read More ...

Growth Ahead - Gurvinder Singh, Director, Amrik Singh & Sons Crane Service

We foresee a huge demand for cranes and other heavy vehicles in the Indian Infrastructure and logistic industry. In addition to the ongoing projects, multiple projects are expected to start within the next few months. These include major Read More ...

Globe Ecologistics Making Inroads

Major changes in the last decade include upgradation of technology of Vehicles & GPRS Technology with IT software, which have given better output/intime to logistical services. Even road infrastructure has improved a lot. At present Read More ...

Jungheinrich: Customizing Solutions for India

The Indian market is becoming more competitive and more players are coming in; it’s a challenge and also an opportunity for the industry to grow and upgrade, avers Manojit Acharya, MD, Jungheinrich India, during an interview with Maria R. Read More ...

ACE: Growing Capacity to become leading MHE Supplier

ACE offers a diverse range of material handling equipment to cater to the diverse needs of the warehousing industry. Under the MHE segment, we offer Diesel Forklift (1.5T-3.5T), Electric Forklift (1.5T-8.0T), LPG Forklift (35T), and an Read More ...

Putzmeister - Mechanization is Key

Ambitious development targets and increasing pressure to complete projects on time require an increased adoption of mechanization. As a result, although there are indications of an economic slowdown, we are seeing a steady demand Read More ...

Manitou India: Meeting Challenges Head-On

Manitou is bullish of driving its business of telehandlers, skid steer loaders and backhoe loaders in India as the demand potential of our solutions is quite promising. This is due to multiple factors, many of which are fundamental Read More ...

Escorts: Making Inroads into Global Markets

If you see global trends, we can say that our machines are at par with global features and technology integration. People are moving to safer equipment, autonomous operations, operator comfort, and are looking at highly efficient Read More ...

Terex: Indian at Heart

We are currently working on various new product development projects for the Indian and regional markets. There are multiple new models planned to be launched for our modular range and also some very exciting new additions for the Read More ...

Sachin Bhandari, CEO, VTP Realty

The Infrastructure sector is the backbone of the Indian economy as it is responsible for propelling the country’s overall development. The sector, therefore, requires dedicated focus from the government, which must formulate Read More ...

Jatin Goel, Executive Director, Omaxe Ltd

Infrastructure construction is expected to intensify in the next few years. The sector has seen dips and stagnancy, and now, with a stable government at the Centre, the sector should see a steady growth with the huge spend on Read More ...

Arun. G. Rao, Head of Engineering, - Assetz Property Group

Over the last few years, the growth graph of the Indian Infrastructure construction sector has been at a constant rise owing to the increase in housing demand. The development of highways, roads, metros, etc. has created a feasible Read More ...
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