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Share of skilled construction workforce to go up to 10.5% by 2030: report
The construction sector is expected to create 100 million jobs by the end of the decade, and the share of the skilled workforce is expected to rise from 9.The pace of economic growth has further widened the scope of expansion of the construction sector in the country, which includes real estate and infrastructure development to accommodate the growing needs of the economy.According to the report, between 2012-21, the cumulative supply of core skilled employees, i.The growth push in the real estate sector is mostly emerging from residential demand, in addition to commercial, retail, hospitality, and warehousing developments, to cater to demand arising from the growing population.The output generated from India’s real estate sector is estimated to grow to $1 trillion by 2030 from the existing $650 billion.

🔗BL Bengaluru Bureau

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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India's booming construction sector could add 30 million jobs by 2030 - Knight Frank
5 million technicians and a million clerical staff, the report said.1 million engineers, 1.The expansion could employ some of the nearly 100,000 engineering graduates and tens of thousands of rural migrant workers entering the job market every year.Knight Frank expects India’s construction sector, along with real estate services, to account for about one-fifth of the economy by 2030, employing 100 million workers.S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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India's construction sector second largest employment generator: Report
1 crore) of the workforce is estimated to be employed in the construction sector.Of the total workforce of 71 million employed in the construction industry, 4.With the advent of technology, the construction sector has also adapted itself to improve productivity, raising the demand for skilled manpower," the report said.As per the estimates of the National Skill Development Council (NSDC), 87 per cent of the overall employees (skilled and unskilled) are absorbed by the real estate sector, whereas 13 per cent are absorbed by the infrastructure sector.As per the report, India's construction sector is the second largest employment generator and as of 2023, 71 million (7.

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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Retail space leasing on an upward trend in India
Key cities of Ahmedabad, Bengaluru and Delhi-NCR accounted for 65 percent of the total share of leasing.As per a CBRE report, retail leasing witnessed a significant hike of 24 percent year-on-year in the first half of 2023, while the total leasing stood at 2.As brands and retailers navigate their expansion plans which augur well for the leasing activity across Grade-A retail space, strategically located retail spaces attract both domestic and international retailers, which fuel the leasing demand, as per the Brahma Group.Growing consumer base, changing demographics, online and offline convergence, and investments in retail infrastructure factor in for the movement towards growth and development.This is expected to boost primary leasing, which could be seen as a key demand driver for retail space leasing in the current year.

🔗Projects Today

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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Construction and equipment manufacturers seek production linked incentive scheme for industry
The introduction of the PLI scheme will provide a level-playing field for the players of the industry, Dimitrov Krishnan, President of industry body ICEMA, said."The CE industry will play a very important role in the success of these plans," the minister said.Our industry requests the government for a PLI scheme for our industry."The accelerated pace of mining and coal production activity in the country would not have been possible without the support of the CE Industry," Joshi said.Construction and equipment (CE) manufacturers have urged the government for a production linked incentive (PLI) scheme for the sector.

🇮🇳 India · 🗓️ August 08, 2023 · Construction

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