“Therefore, it is important to streamline functioning of the construction sector to get a larger share of the global business. These functions would include formulation of business-friendly policies, development of insurance instruments to mitigate the business risks and adoption of aggressive marketing of the Indian construction industry abroad etc. to list a few,” said K Appi Reddy, Vice President - Builders Association of India.
He was speaking at the inauguration of the four-day exhibition, BuildArch 2011 and BuildFloor 2011 being hosted in Bangalore, also attended by Vidyadhar S Wodeyar (Chairman- Indian Institute of Architects – Karnataka Chapter), M S Sudarshan (Chairman - Association of Consulting Civil Engineers - Bangalore Centre) and Leena Kumar (Chairman - Indian Institute of Interior Designers – Bangalore Regional Chapter), Abhijit Mukherjee (Managing Director - Bangalore International Exhibition Services) and Sudhir Patil (Managing Director - Hannover Milano Fairs India).
Speaking on the occasion, Chairman - Indian Institute of Interior Designers – Bangalore Regional Chapter Leena Kumar said, “Interior decorating is a burgeoning industry in India. Though formerly seen as a facet of architecture, the growing middle class has caused an increased demand for custom-designed decor and furnishings.
With enormous business opportunities and favourable demographics, India stands with a firm hold on the industry with world-class potential.
“It is worthy that exhibitions like BuildArch and competitions like ‘Save as You Build’ are encouraging industry enthusiasts and contributing to the sector’s competitiveness.”
Chairman - Association of Consulting Civil Engineers - Bangalore Centre, M S Sudarshan said, “The Indian economy is expected to grow at nine per cent per annum and the building and construction industry plays a vital role in economic growth.
“India is fast emerging on the global map of construction industry and exhibitions like these provide a good platform to showcase the latest trends in this sector and a venue for industry experts and consumers to interact.”
BuildArch 2011 and BuildFloor 2011 is hosting participants from five countries including New Zealand, Italy, Korea, Turkey and India.