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India’s construction sector projected to scale $1.4 trillion by 2047

India's construction sector, which is growing exponentially, is projected to reach $1.4 trillion by 2047

Sentinel Digital Desk

New Delhi: India's construction sector, which is growing exponentially, is projected to reach $1.4 trillion by 2047, according to Shailesh Kumar Agarwal, Executive Director, Building Materials and Technology Promotion Council under the Ministry of Housing and Urban Affairs.

He was speaking at the Indo-German sponsored Asia Low-Carbon Building Transition (ALCBT) Project event on an orientation programme to promote sustainable construction practices and reduce carbon emissions.

Agarwal further stated that urbanisation is increasing rapidly and there is a need to reduce the operational energy in the buildings sector, apart from using low carbon building materials in the construction.

"To achieve this, there is a need to revisit the way we do our construction primarily focussing on recycling and mindful consumption," he said.

The program for master trainers on 'Low-Carbon Building Transition for Building Materials Manufacturers & Technology Providers' was organised by business chamber FICCI, jointly with Global Green Growth Institute (GGGI). (IANS)

 Also read: India’s real estate sector attracted investment of $11.4 billion in 2024: CBRE

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