India's engineering industry accounts for 27 percent of the total factories in the industrial sector and constitutes for 63 percent of the total overseas collaborations. India has a buzzing EPC sector with around 180 players.With government initiatives like Global Housing Technology Challenge-India, AMRUT (Atal Mission for Rejuvenation and Urban Transformation), a modified GST regime, RERA (2016), this sector is poised for a quantum leap.
The market size forecasted for the global civil engineering sector by 2025 stands at $12.08 trillion. The CAGR during the corresponding period is estimated to be around 5.6%. The increase in disposable income, combined with the rapid expansion of the middle-income demographic group, is pushing the demand for civil engineering, particularly in India and China. Technological advancements in varying civil engineering practices, the advent of different software and solutions, significant investments by governments to improve infrastructure, financial benefits offered in developing countries to encourage regional development and ever-rising residential infrastructure demand, are some of the factors that’ll lead to the growth in E&C industry.
Engineering & Construction Industry Challenges
The sector has faced a lot of challenges, prominent ones being:
- There is a constant increase in project sizes, scale, and market maturity leading to cost overruns.
- Ever-fluctuating prices of materials, machinery, and shortage of skilled and economical manpower.
- Increase in production, transportation, and investment costs
- Scarce supply of raw material.
How We Can Help
We, at C1, understand the variety, needs and the changing demands of the industry. We help you harness the untapped potential in the e-Procurement, e-Tendering and e-Auctioning segment.
Our comprehensive e-Procurement suite includes inventory and indent management, e-Auctioning, e-Sourcing, vendor management, contract management, and risk management. With the focus of providing you the liberty to transform your supply chain as suitable to your requirements, we also provide actionable insights derived from our analytical tools such as expense management, budget, and spend analysis.
Our customer-centric approach focuses on delivering better than expected results and add value to our customers’ growth and development. We have partnered and assisted various enterprises over the last two decades such as:
