India s construction market is a huge market

Published:2014-10-25 06:07:34 Source: Views:1205

India's construction market is a huge market

India's construction market is a huge market
India in the past two years to become the world's sixth economic power.Its building materials import duties are also reduced year by year, in 2006 will be further reduced.2010 commonwealth games, games will be held in India, India is now trying to improve the residential and commercial infrastructure.The government of India in the near future after foreign invested enterprises are allowed to enter the real estate development, a large number of foreign investors have begun to flock to the emerging real estate markets.With the vigorous development of the Indian economy and the influx of foreign investment, India's growing demand for imported materials.
In recent years China has long been regarded as the main construction hot spots, so India?India and China is close to population, India's construction market is booming.India is now constantly increase investment in infrastructure construction.It is difficult for us to India scale give an accurate data of construction market, because this is a huge and diverse industry.If can be calculated by the absolute value of the dollar, is about $50 billion to $60 billion a year, generally with the other big emerging markets such as Russia, Mexico and Brazil.
Obviously, India's construction market is a huge market, India's construction investment in recent years there has been a great increase, now is the time to unlimited opportunities.According to the Indian industry alliance (CII), is expected to, only a infrastructure construction, in the next five years, will invest $150 billion in India.Indian industry brothers think that India is the world's twelfth largest construction market.According to the agency estimates, India the scale of the construction market at about $60 billion a year.
On the other hand, at present, India is building to build national large houses in order to solve the problem of shortage of housing, Indian society is increasingly open, gradually rising middle class, annual growth to an average of about 5%.All kinds of residential construction, need quite a number of metal building materials, and the Indian government recently decided to raise about $22.12 million to build popular national housing, more expanded opportunities and building materials industry.
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