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India’s Path to Global Leadership in Construction
ECONOMY & POLICY

India’s Path to Global Leadership in Construction

Union Minister of Commerce & Industry, Shri Piyush Goyal, addressed CAPEXIL’s Vibrant Buildcon 2025, urging industry stakeholders to prioritise sustainability, reduce import dependency, and promote clean, green, and earthquake-resistant construction practices. The Minister emphasised India’s growing strength in sectors like housing, infrastructure, and commercial real estate. He acknowledged the government's efforts in driving infrastructure development, citing examples such as Bharat Mandapam and Yashobhoomi convention centers, which were constructed during the pandemic and hosted global events like the G20 Summit.

Shri Goyal underscored the importance of several key initiatives, including the establishment of smart industrial cities, enhanced tourism infrastructure, and plug-and-play industrial hubs. He stressed that these efforts are crucial for India's goal of becoming a $30-35 trillion economy by 2047. The Minister also highlighted the role of farmers in ensuring food security during the pandemic and the significant transformation occurring in India’s construction ecosystem.

Concluding, Shri Goyal called for innovation and fair wages, reaffirming India’s potential to emerge as a global superpower, leading in growth, infrastructure, and inclusive development.

Union Minister of Commerce & Industry, Shri Piyush Goyal, addressed CAPEXIL’s Vibrant Buildcon 2025, urging industry stakeholders to prioritise sustainability, reduce import dependency, and promote clean, green, and earthquake-resistant construction practices. The Minister emphasised India’s growing strength in sectors like housing, infrastructure, and commercial real estate. He acknowledged the government's efforts in driving infrastructure development, citing examples such as Bharat Mandapam and Yashobhoomi convention centers, which were constructed during the pandemic and hosted global events like the G20 Summit. Shri Goyal underscored the importance of several key initiatives, including the establishment of smart industrial cities, enhanced tourism infrastructure, and plug-and-play industrial hubs. He stressed that these efforts are crucial for India's goal of becoming a $30-35 trillion economy by 2047. The Minister also highlighted the role of farmers in ensuring food security during the pandemic and the significant transformation occurring in India’s construction ecosystem. Concluding, Shri Goyal called for innovation and fair wages, reaffirming India’s potential to emerge as a global superpower, leading in growth, infrastructure, and inclusive development.

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Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India’s semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

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Real Estate

Brigade acquires Velachery land for Rs 16-billion project

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Equipment

Liebherr marks 10,000th XPower wheel loader milestone

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