India to participate in Big 5

DUBAI — Department of Industrial Policy and Promotion (DIPP), Government of India, is participating in the Big 5 — International building and construction show — to be held from November 21 – 24 in Dubai, under Make in India programme of government.

Make in India show is a platform to showcase various investment opportunities and strengths in select sectors to potential investors from across the globe. The Make in India pavilion will project India’s strengths and the opportunities as an investment destination for potential investors in the construction sector.

Construction sector is the sixth-largest economic sector in India, accounting for 7.8 per cent of the country’s GDP in 2016 and is projected to contribute 15 per cent to the GDP by 2030. It is the second-largest recipient of FDI. There has been over tri-fold increase in FDI inflows in the construction sector in last two years — from $1.5 billion in 2015 to $4.7 billion in 2016.

The Indian business delegation comprises 24 companies from construction industry sectors such as steel & stainless steel, ceramics, cement, paint, construction chemicals, concrete. The delegation is led by Atul Chaturvedi, Joint Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India and is being coordinated by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Atul Chaturvedi in the presence of Anurag Bhushan, Consul General of India in Dubai, would be inaugurating the Make in India Pavilion (Zabeel Hall J130) on November 21 at 1100 hrs. They will also be addressing the Investors Roundtable “Seminar on India as Potential Investment Destination for Construction Sector” on November 23.