10 Leaders in Construction & Infrastructure - 2022

The Indian Infrastructure and Construction Sectors have moved out of their nascent stages. For the past few decades, both government as well as private developers were targeting the ‘Low Hanging Fruits’, i.e., projects which were easy to execute and provided the maximum economic benefit. However, now there is substantial opportunity to undertake complex and complicated projects wherein the competing factor for construction majors shall not only be cost efficiency but also technological competence and efficiency.

Increased impetus to develop infrastructure in the country is attracting both domestic and international players. Private sector is emerging as a key player across various infrastructure segments, ranging from roads and communications to power and airports. In order to boost the construction of buildings in the country, the Government of India has decided to come up with a single window clearance facility to accord speedy approval of construction projects. The Government of India has projected very large investment requirements for providing infrastructure to specified norms and also supporting the growth process. They have also identified the need for introducing modern technologies to increase the speed and efficiency of developing this infrastructure. Therefore, the Government of India is actively striving towards stimulating construction activities in the country.

The construction sector may hold the key to reviving the economy ravaged by the fallout from COVID-19. Though it suffered some setbacks, the construction industry on a more significant level has remained resilient amidst the barrage of economic disruptions. With an average of 7.7 percent in GVA in the last five years, the Construction and Infrastructure sector are fundamental in initiating economic recovery measures. Being the livelihood of more than 50 million people, it directly impacts various industries, stimulates demand, creates jobs, and revives the economy back to normalcy. As a result, India is expected to become the world’s third largest construction market by 2022.

Amid COVID pandemic, the progress of the construction works continues with the leadership with affirmative growth in the previous few. The leaders are scrutinizing every construction and infrastructure activity for fast and quality results. In this issue of the CEO Insights magazine, a list of 'Top 10 Leaders in Construction & Infrastructure - 2022', crafted by a team of industry veterans, CEOs and VCs and the CEO Insights editorial team, delivers detailed information about the leadership journey and the inspiring stories.