Increasing Construction Activities Driving CAD Software Demand in India
The expansion of the construction sector, on account of factors, such as the implementation of initiatives by the government for facilitating infrastructure development and increasing foreign direct investment (FDI), is fueling the demand for CAD software in India. According to the India Brand Equity Foundation (IBEF), India will be home to the third largest construction industry in the world by 2022.
The organization also reported that the government allocated Rs. 111 lakh crore or USD 1.4 trillion under the National Infrastructure Pipeline (NIP) for FY2019–2025. The CAD software is being increasingly required in the construction industry for facilitating accurate designs and precise measurements, carry out advanced analysis of the designs, and spot flaws in the designs.
Moreover, the CAD software enables construction managers to get a better insight into designs, reduce chances of error, achieve faster project completions, and higher project accuracy and efficiency. Therefore, with the rise in construction activities, the requirement for CAD software is set to surge in the country in the coming years.
Apart from the central government, many state governments are also taking initiatives aimed at facilitating infrastructure development, which is resulting in huge investments being made in various sectors, such as construction, automotive, healthcare, and aerospace. For example, the Gujarat Industrial Policy 2020 was announced by the Gujarat government in August 2020.
Moreover, many states in the country are focusing on implementing new industrial policies, which are predicted to push up the requirement for CAD software and consequently fuel the advancement of the Indian CAD software market. Therefore, the demand for CAD software will soar in India in the forthcoming years, mainly because of the increasing infrastructure development and construction activities in the country.
The organization also reported that the government allocated Rs. 111 lakh crore or USD 1.4 trillion under the National Infrastructure Pipeline (NIP) for FY2019–2025. The CAD software is being increasingly required in the construction industry for facilitating accurate designs and precise measurements, carry out advanced analysis of the designs, and spot flaws in the designs.
Moreover, the CAD software enables construction managers to get a better insight into designs, reduce chances of error, achieve faster project completions, and higher project accuracy and efficiency. Therefore, with the rise in construction activities, the requirement for CAD software is set to surge in the country in the coming years.
Apart from the central government, many state governments are also taking initiatives aimed at facilitating infrastructure development, which is resulting in huge investments being made in various sectors, such as construction, automotive, healthcare, and aerospace. For example, the Gujarat Industrial Policy 2020 was announced by the Gujarat government in August 2020.
Moreover, many states in the country are focusing on implementing new industrial policies, which are predicted to push up the requirement for CAD software and consequently fuel the advancement of the Indian CAD software market. Therefore, the demand for CAD software will soar in India in the forthcoming years, mainly because of the increasing infrastructure development and construction activities in the country.
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