Construction Projects in

India & South Asia

India stands as a global powerhouse in construction, slated to claim the third-largest market by 2025, with Maharashtra and Gujarat emerging as pivotal contributors. Anchored by the National Infrastructure Pipeline (NIP), India has set aside a substantial budget of USD 1.4 trillion for infrastructure investments spanning a spectrum of sectors, including road and rail transport, renewable energy, and urban infrastructure.

The country’s visionary blueprint boasts a robust portfolio of concept, design, and tender projects, encompassing 11 industrial corridors and 35 multimodal logistics parks, ushering in an era of unparalleled connectivity. Noteworthy multi-billion-dollar projects that are poised to redefine the landscape of "New India" include:

• Mumbai-Ahmedabad high-speed rail
• India International Convention
• Expo Centre
• Worli Lodha Park
• India-Middle East-Europe economic corridor

The Smart Cities Mission, launched in 2015, is set to create a demand for 25 million new mid-range and affordable housing units and the country is planning to add 54 GW of electricity generation capacity within the next 2-3 years with a substantial investment of over USD 300 billion in renewable energy projects earmarked to achieve net-zero emissions by 2040.

South Asia, a thriving hub of construction opportunities, echoes India's vibrancy. Bangladesh makes strides in solar energy with projects like the Chittagong solar power plant, amplifying investments in education and healthcare. Sri Lanka targets urban housing expansion with an annual growth rate exceeding 5%. Nepal concentrates on infrastructure enhancement, aligning with a net-zero emissions vision by 2045, relying on renewable energy sources.

Bhutan, renowned for hydropower initiatives, diversifies its economy with groundbreaking utility projects like the 2,640MW Kuri-Gongri hydroelectric scheme. Meanwhile, the Maldives, a tourist magnet, directs substantial investments into resort accommodations and urban construction, underscoring the importance of a robust construction database to navigate these burgeoning markets.

This unified tapestry of innovation, sustainability, and developmental prowess underscores the promising landscape of construction across India and South Asia.