The Indian Construction and Infrastructure Sector have evolved and moved out of their nascent stages. For the past few decades, several private developers and government bodies were targeting the projects which were easy to execute. The projects also yielded maximum economic benefit. In the process, they have not picked up difficult projects and hence they are not equipped enough to take up large and complex projects.
When we compare them with global giants we are far behind in technology implementation, modernization, adopting the latest technology to increase speed and efficiency etc. Let us take a look at top 10 global construction and infrastructure giants who are well known in the field of construction and infrastructure development.
1 Vinci
Vinci is a 115-year-old French construction giant. It has the largest revenues by any privately-owned construction company in the world. They have aggregated the position by several mergers and accusations. They have undertaken mammoth large-scale infrastructure projects like the Gariep Dam in South Africa. Stade de France football stadium built for the 1998 football World Cup etc. The Group currently employs more than 183,000 people worldwide.
2. Grupo ACS
Grupo ACS is a Spanish contractor who started the business in 1997 through the merger of two other construction companies. It has grown through several high-profile mergers and acquisitions including that of Hochtief. They have added several marquee projects like Torre de Cristal and Torre Espacio skyscrapers in its home country and Alqueva Dam in Portugal to its name.
3. Bechtel
Bechtel is the largest US contractor who has worked on such high-profile projects like the Hoover Dam which was completed way back in 1936. They have also completed complex projects like the Trans-Alaska Pipeline system in the '70s and more recently the 'Big Dig' Central Artery project finished in 2007. The company employs more than 53,000 people around the world.
4. Hochtief
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