New Market Research Report: India Infrastructure Report Q4 2014

We remain conservative towards the near-term growth outlook for India's construction and infrastructure sectors despite the improvement in growth in Q1 2014/15. Even though the results of the 2014 Lok Sabha elections have increased the likelihood for policy formation and execution as well as greater coordination between ministries, other factors dampening construction and infrastructure activity are unlikely to be resolved anytime soon.

Key Trends And Developments

* In July 2014, the government of Prime Minister Narendra Modi plans to develop 200 low-cost airports in Tier-II and Tier-III towns across India in the next few years. The government has already identified 50 such cities across the country under the first phase of this development. The Airports Authority of India formulated a cost-effective model to provide air connectivity to these smaller towns. Civil Aviation Minister P Ashok Gajapathi Raju presented plans to develop 50 no-frills airports in several states of the country and greenfield airports, which are in the pipeline for Navi Mumbai, Goa, Pune, Sriperumbudur and Raigarh. About INR15bn (USD250mn) is being allocated to the development of non-metro airports in the 12th plan alone. The development work includes the expansion of Jaipur and Jodhpur airports, connecting 18 Indian tourist destinations with Sri Lanka, providing better air services to Naxal-affected states and expansion of Kargil Airport.
* In August 2014, the government of India stated that it is carrying out 44 port projects worth INR302bn (USD4.96bn) under a public-private-partnership (PPP) mode, according to a statement by Minister of State for Shipping Krishanpal Gurjar. The projects are currently at different stages of completion. Of the 72 projects undertaken under PPP for the ports sector, 28 have been completed at a cost of INR89.45bn (USD1.46bn), Gurjar stated (PTI).
* In August 2014, the government of India announced the new foreign direct investment (FDI)...

Full Report Details at
- http://www.fastmr.com/prod/888091_india_infrastructure_report_q4_2014.aspx?afid=301

The India Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's India Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian infrastructure and construction industry.

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