The Indian
construction sector is facing acute labour shortage due to social schemes like
JNNURM & NREGA, leading to delay in infrastructure projects and hampering
the growth of the sector, Assocham recently said.
Highlights of
Assocham Survey..!
* Market size of
India's construction sector might not even reach Rs. 30,000 crore mark by 2015
from the current level of nearly Rs.
21,000 crore as the labour intensive sector has been constantly grappling with
the shortage of workforce..
* Due to central
government social schemes such as JNNURM & NREGA, a large number of
construction projects are lagging behind their completion schedule mainly
because of acute labour shortage.
* The growth of the
Indian construction Industry has gradually declined from nearly 30% in 2007 to
about 12% currently.
* Besides labour
shortage, slowdown in capital investments, continuing economic downturn &
lackluster performance of realty sector are the other problems being faced by
the construction sector. .
* Many industry players
like builders / promoters / developers have blamed central government social
schemes for locally generating jobs leading to continuous depletion of
migratory workforce from the construction sector.
* Paucity of
man-power in the sector has shot up the cost of construction labour by above
25% .
Pre-fabricated
Buildings..!
* Further, Assocham
has called for introduction of technology like pre-fabricated buildings, brick
less technology to aid faster construction and counter the labour crunch faced
by the industry.
* Domestic
construction companies need to invest heavily in technology to reduce
construction costs, thereby providing additional benefits to the customers
& spurt demand
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