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7/27/2019 Good PRS51b80cb7a0289dmgevents PR 12Jun13 Final

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MEDIA RELEASE

India to emerge as the world’s 3rd largest construction market by 2020

PwC forecasts real estate construction segment to grow at 13.6% CAGR,in a report for the organizers of The Big 5 Construct India 2013

Mumbai, 12th June, 2013: The construction industry is a major contributor to the country’s

GDP (8% in FY12) and one of the largest employment generators currently employing around 33

million people. While the Indian economy grew by 5% in FY13 as compared to 6.2% in FY12,

the construction industry grew by 5.9% in FY13 against 5.6% in FY12. According to a PwC report

prepared for the organizers of The Big 5 Construct India, India is expected to emerge as the

world’s 3rd

largest construction market by 2020.

In the last decade, “the country has witnessed a tremendous housing boom and over the span

of five years, from 2012 to 2016, the real estate sector is expected to account for 43% of the

construction spend in India. This segment is forecast to achieve a CAGR of 13.6% during this

period. The PwC report estimates that the market for real estate construction segment in India

is likely to aggregate to approximately US$ 380 billion over the five year period, 2012 to 2016”,

stated Dushyant Singh, Associate Director - Strategy from PwC.

Leveraging this unprecedented growth and opportunities for suppliers of construction products

offered by the Indian market, Federation of Indian Chambers of Commerce and Industry (FICCI),

Ministry of Urban Development, Government of India and dmg events are jointly organizing The

Big 5 Construct India 2013, an international building and construction show to be held at the

Bombay Exhibition Centre in Mumbai from 2nd to 4th September 2013. Andy White, Group

Event Director, dmg events said, “Thanks to the wonderful support from FICCI and the Ministry

of Urban Development, Government of India, the first Big 5 Construct India show in Mumbai

promises to be a huge success”. The Big 5 is the largest event in the building and construction

industry in the Middle East, South East and Central Asia which last year attracted over 60,000

audited buyers of construction products and is now launching in India.

According to Srikanth Srinivasan, Associate President – Procurement, Puravankara Projects Ltd,

“The Big 5 is a “must visit” event for any professional from the Construction industry and gives

valuable insight into the new developments and trends in the Construction industry. It is also agreat platform for Sellers and Buyers to meet and explore opportunities for doing Business. I

have attended the Big 5 in Dubai last year and would definitely attend the Big 5 in Mumbai in

September this year and would strongly recommend my colleagues and peers from the industry

to do the same”.

The exhibition will showcase the latest construction technologies from around the world as well

as local and international construction products from heavy machinery to fit-out materials,

giving exhibitors the opportunity to promote their products and meet face to face with buyers

from the largest projects in India.



The winning combination of The Big 5 brand’s reputation, industry-wide database opportunities

and FICCI’s commercial know-how expertise will come together for three days of business and

networking as The Big 5 Construct India reaches out to the market by opening a highly

organised and professional gateway through which global suppliers will be able to showcase

their range of products to buyers from across the country.

A series of free seminars, panel discussions and live interactive demonstrations will complement

the show floor activity, providing participants with up-to-the-minute information, trendsanalysis and best practice case studies to improve the decision making process and encourage

investment.

~~~~~

About Federation of Indian Chambers of Commerce and Industry (FICCI)

Established in 1927, FICCI is the largest and oldest apex business organisation in India. A non-government, not-for-

profit organisation, FICCI is the voice of India’s business and industry.

FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs; FICCI

enjoys an indirect membership of over 2,50,000 companies from various regional chambers of commerce.

About Ministry of Urban Development

The Ministry of Urban Development is the apex authority of Government of India at the national level to formulate

policies, sponsor and support programme, coordinate the activities of various Central Ministries, State

Governments and other nodal authorities and monitor the programmes concerning all the issues of urban

development in the country.

About dmg::events

An international exhibition and publishing company, dmg events produces market-leading exhibitions and

conferences for the global energy, construction, digital marketing, hospitality and interior industries, with events inthe Middle East, North America, Europe and Asia.

As a leading supplier of face-to-face business information, with a customer-centric focus that localizes operations

and relationships, our objectives are to keep businesses informed and connect them with relevant consumers to

create vibrant marketplaces across multiple event platforms and communities.

Founded in 1989, dmg events has operated in the Middle East since 1995 and owns many leading brands such as

The Big 5 construction events, ADIPEC the oil & gas exhibition and conference, INDEX the interior design exhibition

and The Hotel Show. For more information visit www.dmgeventsme.com

dmg events is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.co.uk), one of

the largest media companies in the United Kingdom.

For further details please contact:

Angelique Botes, Marketing Manager, dmg events

Tel: +971 4 4453770 Email: [email protected]

Girija Balan, General Manager, Pressman PR

Tel: +91 22 22188880 Email: [email protected]

good prs51b80cb7a0289dmgevents pr 12jun13 final

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