GeoSmart India 2021 conference provides a platform that will bring together
various stakeholders to understand the potential of converging technologies
and how they will empower construction and infrastructure transformations.
The Government of India is keen on advancing infrastructure projects, with the announcement of a USD 1.4 trillion funds targeted at critical infrastructure including power, railways, airports and building construction. Foreign investors are betting on India’s infrastructure sector to drive the country’s GDP target of USD 5 trillion by 2024-25. Improved transparency in project governance of both brownfield projects like expansion of existing airports, and investment in greenfield projects are considered vital for converting these infrastructure projects into cash-flow generating assets.
The ever-growing local demand for infrastructure growth alongside the push for transparency in project management, productivity & quality has pushed the construction companies to adopt best practices in digitalization measures. Indian construction industry is forecasted to gain momentum in digital transformation (DX) despite majority of construction companies (SMEs) in early stages of digitalization in this digital maturity ladder. Digital transformation with BIM, Geospatial technologies and transformative solutions like Digital Twin are set to mark the beginning of a new era in construction.