Construction Industry - Economic Disruptions, Growth Prospects, and the Way Forward
Industry stalwarts from the Construction industry – developers, contractors, consultants, manufacturers, service providers, etc. share their views on the challenges that their businesses are facing due to the nation-wide lockdown, the impact of which is being felt across all the connected industries, including the supply chain, labour shortage, and liquidity crunch. They share their optimism for the future revival of the economy and give solutions that could mitigate the problems and bring long-term growth and profitability.
While they are hopeful that government interventions with concessions and stimulus packages etc, will bring some relief to the construction and allied industries, they also believe that the government needs to look at the critical areas for speeding up infrastructure construction, bring accountability, and strengthen project execution to stop cost overruns, delays in completion, and avoid arbitration.
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NBM&CW July 2020