India and China’s past disputes over border issues are now moving to the economic front. As China becomes India’s largest trading partner, Chinese construction companies are gearing up to compete for infrastructure work there against local firms and to follow them to growing markets in nearby countries.Chinese enterprises have already completed infrastructure projects in India worth more than $10 billion and are involved with nearly $6 billion in projects in nearby Sri Lanka. China has become a larger presence in that island nation than even its traditional investor-donors, India and Japan. India’s discomfort was clear when prospective bidders for the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.