Overcoming challenges, the country is witnessing economic growth recovery on the back of robust consumer sentiment coupled with a focus on key development initiatives by the government. Despite the lockdown restrictions, sectors like construction and infra are leading this growth story with 13,300 kms of highways constructed in FY’21 with an aim to construct 65,000 kms of highways in FY’22, thereby driving the consumption of aggregates and other raw materials. Cement production is expected to rise by around 16% in FY’22 over FY’20, with 500mt production expected annually by FY’25. Domestic coal production is also on the rise, with the sector gearing up to meet the 1000mt production target set for FY’25. Steel production has seen a YoY rise of 8-9% in FY22 with the yearly demand for finished steel slated to increase to 230 million tonnes in FY’31. New inroads are being made in energy, communication, heavy industries, agri products, consumer goods, e-commerce, petroleum and auto sectors with renewed public and private investment.
Commercial vehicles have always been the lifeline of the Indian economy and the commercial vehicle industry has always ensured that the wheels of the economy not only run smoothly but importantly, pick up pace to accelerate its growth.
Denne historien er fra September 2021-utgaven av Construction Week.
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Denne historien er fra September 2021-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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GAUR NYC RESIDENCES
Group's third ultra-luxury project
HIRANANDANI WOODSPRING
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