Infrastructure Industry is not just limited to construction of Roads & Highways, but also encompasses Railways, Power, Water Supply, Airways, Telecommunications, Oil & Gas, etc. With India forecast to become the world’s third largest economy by 2050 after China and the US, Infrastructure Industry is all-set to play a critical role, presenting excellent opportunities for investment and growth, employment and growing prosperity.
With the Union Government playing a proactive role, an increasing number of infrastructure projects are being commissioned that target the expansion and improvement of consumer utilities. In addition, the Union Government:
• Is forging relationships with private and foreign investors that have additionally introduced long-term sustainability and global best practices in the Infrastructure industry.
• Has taken several initiatives to ensure policy stability, ease of financing, transparency and various legal and regulatory reforms.
The Union Government has also set a target of Rs 25 trillion (US$ 376.53 billion) investment in Infrastructure sector over a period of three years, which will include Rs 8 trillion (US$ 120.49 billion) for developing 27 industrial clusters and an additional Rs 5 trillion (US$ 75.30 billion) for road, railway and port connectivity projects.
Infrastructure will be one of the key focal areas in India in the years to come, with around Rs 31 trillion expected to be spent on infrastructure development. Technology will be at the forefront and skilled workforce will be the need of the hour which means enormous employment opportunities will beckon qualified and skilled Infrastructure professionals with the commitment to drive infrastructure growth.