A strong infrastructure is crucial for a country’s economic growth. India’s concrete, construction, and infrastructure industry plays a crucial role in the country’s overall development, and the government places a high priority on implementing policies that will enhance infrastructure quality. These industries are a key driving force behind India’s progress.
By investing in infrastructure, such as electricity, transportation, and water systems, a country can increase its aggregate demand by improving living standards. Some key components of the infrastructure sector include roads, telecommunications, railroads, ports, airports, and pipelines for oil and gas.
Developing sustainable infrastructure using innovative technology solutions by 2030
Every facet of our life has been transformed by technology. Everything is backed by technological improvements, from communications to education to commerce to now even our daily employment.
The infrastructure sector, which supports our economy, has not been left unaffected by this change. With the use of cutting-edge technology, India’s NHAI has achieved a Guinness World Record for highway building by building 75 kilometres of road in Maharashtra in just 105 hours, and 33 minutes.
Seems like the change has begun, and the waves of development are striking the shores of infrastructure and construction.
The Indian construction and real estate sector is projected to grow significantly in the coming years, with the adoption of advanced technology playing a key role. Niti Aayog estimates that by 2030, the market size of this sector will reach $1 trillion, representing 13% of India’s GDP 2025.
The bigger power in construction & infrastructure- Here’s what we will achieve by 2030
The GatiShakti Master Plan by 2030, aims to connect major industrial clusters with smaller economic towns and facilitate the movement of labour between manufacturing regions, leading to rapid urbanization. This comprehensive infrastructure planning and development strategy will benefit the Indian industry by improving business sentiments, increasing efficiency, reducing costs, and generating savings. GatiShakti will unite infrastructure projects from 16 different ministries and state governments, including Bharatmala, Sagarmala, inland waterways, dry/land ports, and UDAN, under a single umbrella.
- The National Infrastructure Pipeline (NIP) of India will finance infrastructure projects with more than $1.4 trillion by 2024–2025.
- The National Rail Plan 2030 aims to construct seven high-speed rail networks and transform 90 railway stations into major transit hubs by 2030, with rail freight accounting for 45% of all freight.
- The construction of multi-lane national highways that will connect all states by 2025 is expected to mainstream and improve connectivity among Northeast Indian states, which have historically been one of the least linked areas due to a lack of suitable all-weather roads.
2030 is greener for the construction sector
When we discuss an environmentally sustainable future, most people do not immediately think of the construction industry. The rationale begins to become clearer as we dig further. A major consumer of the commodities mentioned previously, such as steel, energy (including temperature control), and cement, is the construction industry, whether it is for infrastructure or urban dwellings.
According to a McKinsey Global Institute report, India’s urban population is expected to grow by more than 250 million people by 2030, necessitating the construction of 700–900 million square metres of new residential and commercial space.
The potential for developing a more sustainable construction industry is enormous, and using environmentally friendly building materials is a key component of that. A building may be made more sustainable in many different ways, from the materials used to the actual construction process.
For instance, today’s steel and cement producers have fully embraced the concept of a circular economy and are providing a vast selection of building materials with significantly lower carbon footprints.
You would be pleased to know that Hindustan Infrastructure has also joined the squad by providing a greener alternative to your construction needs with green Litewt. Concrete.
Let’s sum up
The necessity of the hour is for infrastructure to be more sustainable in the future. Not only are technological advancements helping construction companies lower their carbon footprint, but they are also introducing eco-friendly best practices and recycled raw materials.
The Government of India is working hard to maintain the strength of our nation’s infrastructure and construction in order to support its ongoing growth.
We at Hindustan are constantly proud and honoured to have been able to contribute to the advancement of our enormously powerful country.
Finally, all we want to say is, Let’s Build Great Things Together.
