Indian Construction Industry
Indian Construction Industry – 2006-07
13th AsiaConstruct
INDIAN CONSTRUCTION INDUSTRY
2006-2007
PREPARED BY
CONSTRUCTION INDUSTRY DEVELOPMENT COUNCIL
INDIA
P.R. Swarup,
Director General,
Construction Industry Development Council, India
-1-
Indian Construction Industry – 2006-07
Indian Construction Industry – An Overview of Practices
Introduction
The paper discusses the overview of practices being used in Indian Construction Industry, one of the fastest growing Construction Industry Internationally and the second largest employer in
India. The paper deals with the key areas of construction opportunity and & activity, the use of
PPP models, type and extent of use of International Standard Form of Contracts and Contract administration and certification processes.
Construction Industry Development Council
Construction industry Development Council (CIDC) is the apex body of Construction Industry of
India and is promoted jointly by the Planning Commission, Govt. of India and the Construction
Industry of India. The paper describes, in brief, the political, social and legal framework. The paper details the economic overview, administrative and regulatory features, enhancement and development of Indian Construction Industry and the globalization of construction services with a perspective of WTO and GATS.
Political, Social & Legal framework:
•
Secular Constitution.
•
Stable Democratic environment since 1947.
•
Broad consensus on Economic policy across party lines.
•
Independent multi-tier judicial system.
•
Judicial systems in sync with international practices.
•
Preferred language of domestic business & international interactions is English.
-2-
Indian Construction Industry – 2006-07
Economic Overview
India’s economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries and a multitude of support services & industries.
13th AsiaConstruct
INDIAN CONSTRUCTION INDUSTRY
2006-2007
PREPARED BY
CONSTRUCTION INDUSTRY DEVELOPMENT COUNCIL
INDIA
P.R. Swarup,
Director General,
Construction Industry Development Council, India
-1-
Indian Construction Industry – 2006-07
Indian Construction Industry – An Overview of Practices
Introduction
The paper discusses the overview of practices being used in Indian Construction Industry, one of the fastest growing Construction Industry Internationally and the second largest employer in
India. The paper deals with the key areas of construction opportunity and & activity, the use of
PPP models, type and extent of use of International Standard Form of Contracts and Contract administration and certification processes.
Construction Industry Development Council
Construction industry Development Council (CIDC) is the apex body of Construction Industry of
India and is promoted jointly by the Planning Commission, Govt. of India and the Construction
Industry of India. The paper describes, in brief, the political, social and legal framework. The paper details the economic overview, administrative and regulatory features, enhancement and development of Indian Construction Industry and the globalization of construction services with a perspective of WTO and GATS.
Political, Social & Legal framework:
•
Secular Constitution.
•
Stable Democratic environment since 1947.
•
Broad consensus on Economic policy across party lines.
•
Independent multi-tier judicial system.
•
Judicial systems in sync with international practices.
•
Preferred language of domestic business & international interactions is English.
-2-
Indian Construction Industry – 2006-07
Economic Overview
India’s economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries and a multitude of support services & industries.