Page 23 - Construction_Opportunities_February_2026
P. 23
11 th
COVER STORY
ANNIVERSARY
ITION
ED ED ED ITION
ITION
being exported to countries like France, Singapore, and the and strengthening domestic supply chains, the PLI Scheme is
UAE. contributing to deeper localisation, improved integration with
global value chains and the long-term strengthening of India’s
Indian at Core: Inclusive & Resilient Growth manufacturing base. GUEST ARTICLE
• Digital Public Goods: The “India Stack” (Aadhaar, UPI, Improving business sentiment and conducive policy measures
DigiLocker) fosters inclusive, low-cost digital, inclusion. have boosted domestic and global investor interest in
• Sustainable Development: A focus on, green, technology, construction, India’s second largest employer after farming.
and local, social, and economic, empowerment to, support, The Indian construction industry is projected to reach a market
700 million, people, in, moving, upwardly. valuation of $1.4 trillion by 2030. Experiencing rapid growth, driven
• Knowledge-Driven Economy: Leveraging, a, young, by affordable housing, smart cities and extensive road projects,
workforce, and, top-tier, talent, to, pivot, from, service- India is projected to be the third-largest market before 2030.The
provider, to, value-creator. Construction sector could add up to 30 million jobs by March 2030
to the current 70 million.
Strategic Economic Ambitions India’s housing and building materials industry is standing at a
• GDP Projection: India is on track to, potentially, reach, $20.7, defining moment, propelled by the twin forces of technology and
trillion, (PPP) by 2030, propelled by digital-first, strategies. sustainability.
• Investment Surge: Significant, global, investments are, India’s construction design and equipment export sector is
expected, in, data, centers, and, AI, (e.g., Microsoft, Amazon, transitioning into a global hub, driven by “Make in India,” digital
Google). adoption (BIM, AI), and manufacturing capabilities. Construction
• Resilient Supply Chains: Redesigning, global, supply, chains, equipment exports are growing, focusing on international
by, offering, trusted, manufacturing, hubs,. markets like the USA, UAE, Saudi Arabia, Germany, and Italy.
The adoption of AI-driven design, Building Information Modeling
This, vision, combines, economic, expansion, with, social, (BIM), and digitalization is strengthening India’s position in global
development, strengthening, India’s, position, in, the, global, construction consulting and engineering design services. The India
arena construction and design software market is expected to reach
Propelled by Production-Linked Incentive (PLI) schemes, National USD 1,259.9 million by 2030, a CAGR of 14.3% from 2025 to 2030.
Green Hydrogen Mission and supportive policies, Tech and Startup Bid Management and Project Management and Scheduling
Boom, Industrial Expansion and growing young Population, India continue to remain the most lucrative function. Safety & Reporting,
is expected to become the World’s third largest economy in 2030 Project Design, Field Service Management, Cost Accounting and
behind China and the USA. Construction Estimation too have contributed in global share.
As of December 31, 2025, the Indian government has disbursed The positive note on the Indian front is that now its redesigning its
`28,748 crore under its 14 key Production-Linked Incentive (PLI) policy on designing digital inclusion and an ethical framework.
schemes. With an total outlay of `1.97 lakh crore, the initiative has With real resources, if supported, this could tilt the playing field.
attracted over `2.16 lakh crore in investments, generated over With abundance of ingredients like young energy, large market
14.39 lakh direct & indirect jobs. The government is exploring size, enhancing infrastructure and an intense exposure abroad,
the expansion of the PLI scheme to include more sectors with Indians will have to scale up the efforts as tried in existing stories
high employment potential, such as toys, bicycles, and leather/ viz., UPI, CRED, Zomato, Swiggy, Co-Win etc., so that Design
footwear. becomes a rule rather than an exception in India.
Global companies like Google, Amazon, Microsoft, JP Morgan
Electronics Manufacturing & IT Hardware Chase, Uber etc. have built large scale AI, Data & Advanced
The PLI Scheme has strengthened India’s electronics manufacturing Engineering hubs in India where teams own core production
ecosystem, positioning the country as a major hub for mobile systems. Across the US, UK & EU, senior AI talent is scarce, hiring
phones and IT hardware products such as laptops, tablets, servers takes longer, costs keep rising & competition continues to intensify.
and all-in-one personal computers. Manufacturing has expanded Waiting for the market to ease only delays delivery. India has thus
beyond assembly to include printed circuit board assemblies, emerged as one of the few places where execution can scale
batteries, camera and display modules, enclosures and other reliably, rapidly and efficiently. Thus several factors change how
critical sub-assemblies, enabling deeper integration with global India fits into global strategy viz., (a) Indian teams are spread
value chains. across time zones, (b) India has around 24% of the global software
engineers and nearly 27% of world’s STEM graduates enabling
Telecom and Networking Products flexibility to grow, (c) India’s ever increasing Data Centre Capacity
Sales of telecom and networking products have increased that are handling data engineering, model deployment & AI
more than six-fold over the base year (FY 2019–20), while exports governance etc., (d) Apart from Bengaluru, Pune, Hyderabad,
have risen to `21,033 crore. A significant milestone has been the Tier 2 and Tier 3 cities have emerged as viable options, (e) For
deployment of India’s indigenous end-to-end 4G technology global firms adopting multi-hub global strategies, India often
stack by BSNL, positioning India among a select group of countries serves as the central coordination point between mature and
with such capability. emerging markets. (f) India’s resilience reinforced confidence is a
By supporting strategic sectors, encouraging technology adoption dependable base for long terms operations.
FEBRUARY 2026|CONSTRUCTION OPPORTUNITIES 23

