India Infrastructure Report

Published 15 June 2015

  • 182 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
India Infrastructure Report

BMI View: We expect a slight pickup in India's construction sector in FY20115/16, after holding a more conservative outlook in FY2014/15 and forecast growth to come in at 5 .0%. Growth will be underpinned by positive reform momentum, an improving funding environment and continued focus by the government to develop the country's infrastructure which will help to accelerate infrastructure projects. The country's potential will however , continue to be hindered by a relatively negative business environment.

Key Trends And Developments

  • We remain conservative towards the near-term outlook of India's construction sector and forecast growth of 5.0% in FY2015/16 (April - March), a slight increase from the 4.8% real growth registered in FY2014/15.

  • Growth however, will be weighed by structural weaknesses in India's business environment, with issues such as land disputes affecting project execution. This is exacerbated by political headwinds that Modi faces in pushing through reforms, as although the BJP secured a considerable majority in the lower house, it still lacks a majority in the upper house.

  • The relative weakness in the Indian rupee is also likely to dampen infrastructure activity as it makes it more costly for Indian infrastructure companies to purchase overseas equipment and raw materials, as well as repay their overseas debt.

  • India's public finances are gradually improving, but they are still expected to remain in a weak position in FY2015/15. India's budget deficit in FY2014/15 is forecast to reach 4.4% of GDP. This will limit significant scope for increased expenditure on infrastructure development.

  • Beyond FY2015/16, we expect a gradual improvement in the country's business environment as various reforms begin to gain traction and attract greater private investment. This will also be supported by a slow improvement in the funding environment. Consequently we forecast the construction sector to grow by an annual average of 6.4% between...

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 2013-2018)
10
Table: Construction And Infrastructure Industry Data (India 2019-2024)
10
Table: India Budget Factbox
14
Transport Infrastructure - Outlook And Overview
19
Table: Transport Infrastructure Industry Data (India 2013-2018)
19
Table: Transport Infrastructure Industry Data (India 2019-2024)
20
Table: Competitiveness Of India's Infrastructure
22
Table: India - High-Speed Railway PPP Projects Being Planned
32
Table: Phases Of Development For The Navi Mumbai International Airport
37
Major Projects Table - Transport
38
Table: Major Projects Table - Transport
38
Energy And Utilities Infrastructure - Outlook And Overview
73
Table: Energy And Utilities Infrastructure Data (India 2013-2018)
73
Table: Energy And Utilities Infrastructure Data (India 2019-2024)
74
Table: Nuclear Power Reactors
86
Table: Major Projects - Energy & Utilities
94
Residential/Non-Residential Construction - Outlook And Overview
137
Table: Residential and Non-Residential Building Industry Data (India 2013-2018)
137
Table: Residential and Non-Residential Building Industry Data (India 2019-2024)
137
Table: Changes In Foreign Investment Policy
142
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
145
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
145
Industry Risk Reward Ratings
151
India - Infrastructure Risk/Reward Ratings
151
Rewards
151
Risks
152
Asia Pacific - Infrastructure Risk/Reward Index
154
Developed Markets: Favoured
155
Giants Of Asia: Rewards Sizeable, Risks Sizeable
157
South East Asia: Environment Deteriorating Slightly
158
Table: Asia Pacific Infrastructure Risk Reward Index
160
Market Overview
161
Competitive Landscape
161
Company Profile
164
Gammon India
164
Larsen & Toubro
168
Reliance Infrastructure
174
Global Industry Overview
179
Industry Trend Analysis
179
Table: Multilaterals And Development Bank Infrastructure Support Programmes
183
Methodology
185
Industry Forecast Methodology
185
Sector-Specific Methodology
186
Risk/Reward Index Methodology
190
Sector-Specific Methodology
191
Table: Infrastructure Risk/Reward Index Indicators
191
Table: Weighting Of Indicators
192

The India Infrastructure Report features BMI Research'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