India Infrastructure Report

Published 16 January 2015

  • 179 pages
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$1,295.00
India Infrastructure Report

BMI View: We remain conservative towards the near-term growth outlook for India's construction and infrastructure sectors despite the improvement in growth in Q1 2014/15. Even though the results of the 2014 Lok Sabha elections have increased the likelihood for policy formation and execution as well as greater coordination between ministries, other factors dampening construction and infrastructure activity are unlikely to be resolved anytime soon . Reforms in energy and transport sector show encouraging signs for the industry, however, and it is possible that BMI will upgrade its outlook in the future.

Key Trends And Developments

  • The new administration has made significant progress in introducing reforms and encouraging growth in the power sector since assuming office in May 2014, and we expect to see results of this progress in 2015. For instance, the administration has relaxed environmental laws for major infrastructure and mining projects and cleared the backlog of projects awaiting environmental approval. This is in line with our view for the administration to reduce red tape for the power sector, and we expect to see growth in 2015 pickup as the turnaround time for projects is reduced. The government has also proposed giving power utilities a 10-year tax holiday and reductions in import duties of generation equipment in the FY2014/15 budget.

  • In July 2014, the government of Prime Minister Narendra Modi plans to develop 200 low-cost airports in Tier-II and Tier-III towns across India in the next few years. The government has already identified 50 such cities across the country under the first phase of this development. The Airports Authority of India formulated a cost-effective model to provide air connectivity to these smaller towns. Civil Aviation Minister P Ashok Gajapathi Raju presented plans to develop 50 no-frills airports in several states of the country and greenfield airports, which are in the pipeline for Navi Mumbai, Goa, Pune,...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (India 2012-2017)
10
Table: Construction And Infrastructure Industry Data (India 2018-2023)
11
Transport Infrastructure - Outlook And Overview
20
Table: Transport Infrastructure Industry Data (India 2012-2017)
20
Table: Transport Infrastructure Industry Data (India 2018-2023)
22
Table: Competitiveness Of India's Infrastructure
23
Table: India - High-Speed Railway PPP Projects Being Planned
32
Table: Phases Of Development For The Navi Mumbai International Airport
38
Major Projects Table - Transport
43
Table: Major Projects Table - Transport
43
Energy And Utilities Infrastructure - Outlook And Overview
74
Table: Energy And Utilities Infrastructure Data (India 2012-2017)
74
Table: Energy And Utilities Infrastructure Data (India 2018-2023)
75
Table: Nuclear Power Reactors
88
Table: Major Projects - Energy & Utilities
96
Residential/Non-Residential Construction - Outlook And Overview
129
Table: Residential and Non-Residential Building Industry Data (India 2012-2017)
129
Table: Residential and Non-Residential Building Industry Data (India 2018-2023)
129
Table: Changes In Foreign Investment Policy
134
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
137
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
137
Industry Risk Reward Ratings
142
India - Infrastructure Risk/Reward Ratings
142
Rewards
142
Risks
143
Asia Pacific - Risk/Reward Ratings
145
Developed Markets: Favoured
146
Giants Of Asia: Rewards Sizeable, Risks Sizeable
149
South East Asia: Environment Deteriorating Slightly
150
Table: Asia Pacific Infrastructure Risk/Reward Ratings
152
Market Overview
153
Competitive Landscape
153
Table: EQS Data
153
Company Profile
157
Gammon India
157
Larsen & Toubro
161
Reliance Infrastructure
167
Global Industry Overview
172
Global Infrastructure Overview
172
Methodology
178
Industry Forecast Methodology
178
Sector-Specific Methodology
179
Risk/Reward Rating Methodology
183
Sector-Specific Methodology
184
Table: Infrastructure Risk/Reward Rating Indicators
184
Table: Weighting Of Indicators
185

The India Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's India Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for India to test other views - a key input for successful budgetary and planning in the Indian infrastructure market.
  • Target business opportunities and risks in the Indian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in India.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc