50% OF CORPORATES IN INDIA IDENTIFY MEETING SAFETY AND QUALITY STANDARDS
Pune :- Confederation of Indian Industry (CII) organized it’s 10th edition of the Regional Conference on Infrastructure Project Management today at New Delhi. CBRE was the Knowledge Partner for the Conference.
Findings of a survey conducted on “Changing Dynamics of Construction Industry” were released at this Conference. The survey which included over 500 respondents from top 250+ corporates was conducted by Project Management group of CBRE to understand project management competencies, return of investment and insights into key challenges faced today by project managers.
Mr Abhimanyu Munjal, Chairman, CII Delhi State said “Whilst the construction industry in India is actively pursuing contemporary developments, re-developments and sustainable growth paradigms for elevating real estate to a business, people & planet friendly level; cities across the country are facing unprecedented economic, demographic, fiscal and environmental challenges that have caused industries to rethink the way cities are built”
Commenting on the findings of the survey, Anshuman Magazine, Chairman & CEO – India, Southeast Asia, Middle East & Africa, CBRE said, “The real estate sector is expected to contribute 13% to the Indian GDP by 2025 and touch USD 1 trillion by 2030, becoming the third largest globally. In the wake of positive policy reforms, emergence of a strong workforce and introduction of new technologies the momentum of India’s construction sector is growing substantially. The CBRE Survey highlights innovation and upskilling as key aspiration for construction industry in India to become modern, technology enabled and sophisticated.”
Sustainable growth of construction industry policies related to land use and planning also emerged as a key measure. The survey also highlights that more and more organizations are becoming concerned for wellbeing of their employees as well as environment.
