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 Q3 2023, according to GlobalData’s construction projects database.
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1. Sanand Semiconductor Assembly And Test Plant
The project involves the construction of a semiconductor assembly and test plant on 37.6ha of land in Sanand, Gujarat.
Construction work started in Q3 2023 and is expected to be completed in Q4 2025.
The aim of the project is to provide semiconductors that are used in electronic products. It will create 5,000 jobs. Buy the profile here.
2. Sanand Semiconductor Manufacturing Plant
The project involves the construction of a semiconductor manufacturing plant on 37.6ha of land in Gujarat.
Construction work commenced in Q3 2023 and is expected to finish in Q3 2026.
The aim of the project is to increase the production capacity of data storage devices to meet the growing demand. Buy the profile here.
3. Ahmedabad Aseptic Carton Plant
The project involves the construction of an aseptic carton plant in Ahmedabad, Gujrat.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The new aseptic carton plant in Ahmedabad aims to cater to its growing dairy and non-carbonated soft drink filler base in the country. The first phase of the construction is projected to generate about 300 jobs. Buy the profile here.
4. Ahmedabad Aseptic Carton Manufacturing Plant
The project involves the construction of an aseptic carton manufacturing plant in Ahmedabad, Gujarat.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2024.
The project aims to meet the demand for carton packages in the region. Buy the profile here.
5. Hubli Dharwad EV Components Manufacturing Factory
The project involves the construction of six plants to manufacture EV Components with a total floor area of 55,000m2 on 12.1ha of land in Karnataka.
Construction work started in Q3 2023 and is expected to be completed in Q2 2025.
The project will manufacture a wide range of motors, generators, drives, and system solutions to become the Indian market leader in segments including renewable energy, data centre, industrial, infrastructure, and electric vehicle (EV). 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.
