Jobs galore in construction sector
Everyone who has travelled to the US marvels about the great infrastructure in that country. But very few know the secret of how this was done. Franklin D. Roosevelt, the 32nd President of the US (1933 to 1945) created a publicly funded programme called the ‘Works Progress Administration’ (WPA) that built infrastructure in 1933. The WPA, between 1933 and 1940 (in just seven years), built, improved, or renovated 39,370 schools, 2,550 hospitals, 1,074 libraries, 2,700 firehouses, 15,100 auditoriums, gymnasiums, and recreational buildings, 1,050 airports, 500 water treatment plants, 12,800 playgrounds, 900 swimming pools, 1,200 skating rinks, plus many other structures. It also dug more than 1,000 tunnels, surfaced 639,000 miles of roads and installed nearly a million miles of sidewalks, curbs, and street lighting, in addition to tens of thousands of viaducts, culverts, and roadside drainage ditches. It provided 8 million jobs in communities large and small. And what those workers put up has never been matched.
Our country, in 2015, is yet to build public infrastructure of the scale that the US built eighty years ago. But the great news is that we are catching up. The Gujarat International Finance Tec-city project, the Delhi–Yamuna Expressway commissioned recently, the Delhi Metro, the Tata Mundra Ultra Mega Power Project, the Yamuna Interceptor sewage system, the Narmada Canal Solar Power Project have all been cited in a list of the world’s top 100 innovative projects, compiled by the KPMG in 2014.
Even more impressive is Prime Minister Modi’s dream project—the bullet train. According to the final feasibility report prepared by the Japan International Cooperation Agency (JICA), India’s first bullet train corridor between Mumbai and Ahmedabad will cost around Rs 1 lakh crore.
Which is the one sector that will make all this happen and place India among the superpowers of this world? It is the Construction Sector.
Did you know this?
- The Construction Sector is the second-largest employer in the country. It creates more than 45 million jobs either directly or indirectly. It is highly unorganized (only 20 per cent of the industry is organized), and employs the most labourers, second only to the Agriculture Sector. Labour is highly migratory and largely unskilled.
- The sector is also the largest contributor to the central exchequer, that is, this industry contributes more taxes than any other industry.
- The Real Estate Sector demand is driven by the rapid migration of people to cities. The number of people living in cities will increase from 31 per cent of population to 51 per cent of population by the year 2050 and the Ministry of Urban Development is working on creating 100 Smart Cities by the year 2022. This will drive a huge demand for the construction industry.
- The industry is moving towards mechanization in a big way. The labour force requirement to construct half a million sq. ft fell from 800 in 2002 to 200, due to the use of pre-fabricated structures.
The Market For Construction
The Construction Sector is broadly divided into two sub-sectors—
- Infrastructure which contributes 40 per cent which includes:
- Power/Utility projects-Power plants, telecom towers, sewage and waste treatment, urban pipelines
- Transport projects-Motorways, railways, airfields, ports, ICDs
- Other civil works-Dams, industrial facilities, waterways, dredging, stadiums
- Real estate which contributes the balance 60 per cent which includes:
- Industrial and other buildings- Factories, SEZ, warehouse, wholesale depots
- Commercial- Education institutions, hospitality, hospitals, retail and entertainment space, garages etc.
- Residential- Houses, apartment complexes, mixed-use space, societies
The market will grow to 11,95,400 crore by 2017, making construction one of the most important sectors of the Indian economy.
Author: T. Muralidharan
Name of publication: Telangana Today
Date published on: 18/06/2018
published in: Hyderabad
Tags: Jobs and Careers