Construction Industry Needs To Move Up Value Chain: Goyal

New Delhi: Union Commerce and Industry Minister Piyush Goyal on Sunday urged the construction industry to adopt best practices in sustainability, focus on clean and green construction, and work towards earthquake-resistant and modular infrastructure.

Addressing the CAPEXIL’s Vibrant Buildcon-2025 event here, he said, “we must aim for audacious goals, ensure our labour force receives fair wages, and innovate continuously. Let there be no doubt - India will lead the world in growth, innovation, and inclusive development.” He said that Vibrant Buildcon exemplifies the country's ability to support rapid urbanisation, housing for all, and logistics transformation. “This platform showcases our manufacturing and infrastructure strength, which is crucial to attract global investments and reduce logistics cost,” the Union Minister added. He highlighted India's growing strength in the construction ecosystem - from Global Capability Centres (GCCs) to domestic manufacturing under 'Make in India'.

He underlined the importance of key sectors such as housing, infrastructure, commercial real estate, railways, airports, highways, and energy.

“Every element, from cement and electrical equipment to security systems and automation, plays a part in this ecosystem,” the minister remarked.