India’s Construction Sector Embraces Industry 4.0 for Sustainable Growth

Date:

India’s construction industry is rapidly integrating Industry 4.0 technologies to enhance efficiency, sustainability, and competitiveness. This digital transformation encompasses the adoption of Building Information Modeling (BIM), drone technology, cyber-physical systems, prefabrication, and green construction practices.

A recent report by PwC, titled “Construction Industry Vision 2025: Towards a Digital Future,” highlights that the sector contributed approximately 8% to India’s GDP in FY2019. Projections indicate this could rise to 14% by FY2040, with employment in the sector expected to exceed 66 million. The report emphasizes the need for technological adoption to address challenges such as project delays and cost overruns.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

14 + two =

Share post:

Subscribe

spot_img

Popular

More like this
Related

HG Infra Engineering Receives Provisional Certificate for Odisha Highway Project

HG Infra Engineering’s wholly owned subsidiary, HG Raipur Visakhapatnam...

CCI Group Invests ₹227 Crore in New Grade-A Warehouse Facility in Gurugram

CCI Group, one of India’s leading integrated logistics service...

India’s NaBFID Plans $2 Billion Foray into Offshore Debt

India’s National Bank for Financing Infrastructure and Development (NaBFID)...

Mumbai Leads India’s Real Estate Equity Investment with $6.9 Billion Inflow

Mumbai has emerged as the top destination for real...