Delays are an inevitable part of projects in India. We waste nearly Rs 1 trillion a year on account of delays in projects alone. The world has also been susceptible to delays. Even the Bandra Worli Sea Link in Mumbai took 10 years to build and faced a cost overrun from Rs 4 billion to Rs 16 billion! The world construction industry, which is worth $10 trillion, also faces 90 per cent of projects late or over budget. So this is not India’s story alone, but the same problem world over.
To explore how India can fast-track construction, CONSTRUCTION WORLD organised a free webinar titled ‘Precast & Prefab Technology – The answer to fast-track construction industry growth?’ Presenter Pratap Padode, Editor-in-Chief, CONSTRUCTION WORLD and Founder, FIRST Cons