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Indian Construction Tender Notices

Production : The rapid rise in production has resulted in India becoming the worlds 5th largest producer of steel, up by two places, on the back of 50.71 million tons (MT) production of crude steel and 51.9 MT of finished steel. The production of finished steel grew by 16.52 per cent, from 44.54 MT in 2005-06 to 49.39 MT in 2006-07.
The construction industry is the second largest industry in India after agriculture. It accounts for about 11% of India's GDP. It makes significant contribution to the national economy and provides employment to large number of people.
There are mainly three segments in the construction industry like real estate construction which includes residential and commercial construction; infrastructure building which includes roads, railways, power etc; and industrial construction that consists of oil and gas refineries, pipelines, textiles etc.
According to a study by ASSOCHAM, the burgeoning Indian construction industry, currently worth $70 billion, will rise to US$120 billion by 2010.
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