Indian EPC industry: Better than their foreign competitors
EPC+O&M is the new trend in infrastructure projects 8The EPC industry has transformed from being a handful of large and complex projects to a multitude of small projects and sub contracts 8But EPC companies in India are extremely vulnerable to risks and there is no protection for them in the current Indian paradigm 8EPC business models are client specific, but new trends have emerged, away from the conventional approaches. 8New project monitoring technologies have come to the fore. 8The point to note is that local EPC companies are competent and cost-effective as compared to their foreign counterparts but there is a need for a lot of fine tuning to remain relevant in increasing competitive environment. Click on Reports to know more about the state of the Indian EPC industry.