According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2023, having grown by 6.6% in 2022. A key growth market will be the infrastructure market, with output rising by 6.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in India in Q2 2023, according to GlobalData’s construction projects database.
1. Krishnagiri EV Manufacturing Park
The project includes the construction of an EV cell manufacturing plant and an EV four-wheeler manufacturing plant on 81ha of land in Tamil Nadu.
Construction work started in Q2 2023 and is expected to be completed in Q4 2026.
The project aims to increase the production of EVs and EV parts in the region.
2. Kongara Kalan Electronics Manufacturing Facility
The project involves the construction of an electronics manufacturing facilities in Hyderabad, Telangana.
Construction work commenced in Q2 2023 and is expected to finish in Q4 2025.
The project aims to improve the manufacturing and service sector to enhance its production capacity to meet the growing demand in the region. It will create 25,000 jobs. Buy the profile here.
3. Air Conditioners and Compressors Manufacturing Facility
The project involves the construction of 88,000m2 air conditioners and compressors facilities with a production capacity of 300,000 outdoor units and 650,000 compressors on 21ha of land in Tamil Nadu.
Construction work started in Q2 2023 and is forecast to complete in Q4 2025.
The project aims to increase the production capacity of air conditioners and compressors to meet their demand in India. Buy the profile here.
4. Warangal Knitted and Woven Garments Manufacturing Facility
The project involves the construction of a knitted and woven garments manufacturing unit on 117ha of land in Warangal, Telangana.
Construction work commenced in Q2 2023 and is expected to be completed in Q3 2024.
The project aims to manufacture knitted and woven garments for outdoor wear and technical textile products, predominantly for exports. It will create 12,000 jobs.
5. Tiruvallur Air Conditioner Manufacturing Facilities
The project involves the construction of an air conditioning manufacturing facilities on 60.7ha of land in Thiruvallur, Tamil Nadu.
Construction work started in Q2 2023 and is expected to be completed in Q1 2026.
The project aims to provide better air conditioners facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
