This was an opportunity too good to ignore, thought Rohit Katyal. The potential for high-rise development in India, with its large population and rapid economic growth, seemed limitless, except for two impediments that he was sure could be overcome. Executive Director and CFO at Capacit’e Infraprojects, Rohit well understood that the Indian construction industry lacked two important ingredients for success in high-rise developments – the latest in construction technologies and the corresponding skills to see projects through to completion.
“When we incorporated the company, we believed that housing was a fragmented segment in the overall umbrella of infrastructure and, therefore it carried a huge opportunity, from a skills perspective and through the introduction of technology into the segment,” he explains. “So, we decided to get into building construction, including residential, commercial, health care, hospitality and so on. We thought that super high-rise was just around the corner, and if we took advantage, perhaps four or six years later we could be a distinct leader in that category.”
India’s construction industry is roughly divided into private and government sectors. According to Rohit, government contracts now lead the way in the use of new technology and are pushing the boundaries of project sizes.
This story is from the December 2019/January 2020 edition of The CEO Magazine India.
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This story is from the December 2019/January 2020 edition of The CEO Magazine India.
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