I would like to do an international stint in India in the construction Industry. India is a country with more than 1.31 Billion people living in an area of approximately 1,269,346 sq mi compared to the USA where about 304,986,000 people are living in 3,794,066 sq mi . The constantly growing market has huge potential and developers have various opportunities to get a footing in this country.
Economic Trends at the Beginning of 2012 has seen slower growth overall in USA, on the other hand the need for infrastructure and predominantly residential building in India’s largest cities is enormous. The Indian government In a five-year plan from 2012 to 2017 has plans to increase their investments in infrastructure to US$ 1 billion. Therefore the infrastructure sector is one of the key instrument of growth for the construction industry. Transportation networks have to be expanded, the energy and water supply has to be improved. Their airport and port capacities continue to be extended and need to be increased considerably more. On top of that there are several ongoing plans to build and expand motorways in the next decade. It is needless to say that India will need several million square meters of additional office space and structured retail needs as well. The increased need of hundreds …show more content…
India is a multifaceted market due to its regional diversity, sizeable rural-urban divide, overriding unorganized markets and multiple administrative and legal procedures. The greatest challenge that most multinational corporations face is the Indian governance structure, which is tangled between the Central and State entities The companies face numerous compound bureaucratic procedures and are forced to comply with both state and central rules and regulations. More importantly repeated revisions during the Annual Central and State budget
Economic Trends at the Beginning of 2012 has seen slower growth overall in USA, on the other hand the need for infrastructure and predominantly residential building in India’s largest cities is enormous. The Indian government In a five-year plan from 2012 to 2017 has plans to increase their investments in infrastructure to US$ 1 billion. Therefore the infrastructure sector is one of the key instrument of growth for the construction industry. Transportation networks have to be expanded, the energy and water supply has to be improved. Their airport and port capacities continue to be extended and need to be increased considerably more. On top of that there are several ongoing plans to build and expand motorways in the next decade. It is needless to say that India will need several million square meters of additional office space and structured retail needs as well. The increased need of hundreds …show more content…
India is a multifaceted market due to its regional diversity, sizeable rural-urban divide, overriding unorganized markets and multiple administrative and legal procedures. The greatest challenge that most multinational corporations face is the Indian governance structure, which is tangled between the Central and State entities The companies face numerous compound bureaucratic procedures and are forced to comply with both state and central rules and regulations. More importantly repeated revisions during the Annual Central and State budget