Related Links: Chinese Firms Face Political Obstacles of Working in India India Unveils Annual Budget to Skittish Infra Investors India’s Union Budget 2014, presented by the now two-month-old new government’s Finance Minister Arun Jaitley on July 10, brought a new ray of hope to the fledgling infrastructure industry that has been plagued with bureaucratic restraints for the past few years.The budget has set determined goals, with allocations for 8,500 kilometers of roads, 16 new ports, 100 smart cities and industrial corridors. Given the past inaction, there remains some skepticism on when the projects will be awarded. For example, stalled projects
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.