Mumbai to host Big 5 Construct India 2013

Indian construction industry is a major contributor to the country's GDP (8% in FY12) and one of the largest employers currently employing around 33 million people. While the Indian economy grew by 5% in FY13 as compared to 6.2% in FY12, the construction industry grew by 5.9% in FY13 as against 5.6% in FY12.

"India is expected to emerge as the world’s 3rd largest construction market by 2020," according to a PwC report prepared for the organizers of The Big 5 Construct India.

In the last decade, "The country has witnessed a tremendous housing boom and over the span of five years, from 2012 to 2016, the real estate sector is expected to account for 43% of the construction spend in India.  This segment is forecast to achieve a CAGR of 13.6% during this period.  The PwC report estimates that the market for real estate construction segment in India is likely to aggregate to approximately USD 380 billion over the five year period, 2012 to 2016," stated Dushyant Singh, associate director - strategy from PwC.

Leveraging this unprecedented growth and opportunities for suppliers of construction products offered by the Indian market, Federation of Indian Chambers of Commerce and Industry (FICCI), Ministry of Urban Development, Government of India and DMG events are jointly organizing The Big 5 Construct India 2013, an international building and construction show to be held at the Bombay Exhibition Centre in Mumbai from 2nd to 4th September 2013.

Andy White, Group Event Director, dmg events said, "Thanks to the wonderful support from FICCI and the Ministry of Urban Development, Government of India, the first Big 5 Construct India show in Mumbai promises to be a huge success."

According to Srikanth Srinivasan, associate president - procurement, Puravankara Projects, "The Big 5 is a “must visit” event for any professional from the Construction industry and gives valuable insight into the new developments and trends in the Construction industry. It is also a great platform for Sellers and Buyers to meet and explore opportunities for doing Business. I have attended the Big 5 in Dubai last year and would definitely attend the Big 5 in Mumbai in September this year and would strongly recommend my colleagues and peers from the industry to do the same."