Golden Era of Structural Fabrication is about to begin in India

Pre Engineered Buildings and Structural Steel Fabrication will witness exponential growth in India for next 10 years. With recent positive political & economic developments, India is poised to take Lion’s share of Global investment & will clock one of the best GDP growth rates across world. Government has launched a huge initiative “MAKE IN INDIA”

It makes a lot of sense to set up a manufacturing plant in India not only to cater to the Indian market but also to cater to the overseas markets.

Glimpse of potential & demand

    • In developed countries more than 70% single story commercial buildings are developed with Pre Engineered Building (PEB) Concept whereas in India it is below 1%.
    • Per Capita Consumption of Steel in developed countries is more than 200 Kgs whereas in India it is below 60 Kgs
    • Investment required for Infrastructure development in India: USD 3.3 Trillion
    • Power Sector in India: Current Status -140, 976 MW 2. 13th 5 year Plan (2017-22) Target: 90,000 MW
    • 2015-16 Budget 5 Ultra Mega Power Projects announced each of 4,000 MW with Investment of INR 100,000 Cr (USD 14 Billion)
    • 12th 5 year Plan (2012-17) Target: 50,000 MW
    • Commercial building sector excluding housing is expected to reach 20.44 Billion. Sq Ft by 2030 against current 8 Billion ( 7-10 Major Cities)
    • INR 7, 060 Cr allocated for development 100 Smart Cities across India. Detailed Plan for smart Cities will roll out next month
    • India Green Building Council (IGBC) want to cover 10 Billion Sq Ft by 2022 with Green Buildings against current 2 Billion Sq. Ft.

In India, total market is close to USD 1 Billion. Once Economy & Investment picks up from 2016, growth will pick up and would be clocking more than 30% for the next 10 years. Current market penetration is less than 30%. More than 70% of the market is yet to be explored.