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India and Facility Management |
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Facilities management services market in India is valued at USD 6 billion for financial year 2012-2013 and is expected to grow at 22% annual rate. The economic boom in India has witnessed a growing real estate and property management market, unorganised segment growth in BPO and IT sectors, boom in retail sector and availability of manpower resulting in a Facilities Management Market. |
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With the growth of these sectors, their needs for risk management, business continuity plans, need to focus on their core business, demands for better workplaces by employees, need for higher productivity of employees, challenges of handling larger and more complex campuses and high rises as also the need for higher statutory compliances has driven the specialised and professional facility management business with the ever evolving challenge of Project Management and General Contracting Services. |
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