Hi group members,
with challenges of reverse migration and low availability of manpower for construction activities, there is no option but to go in for increased technology.
About 15 to 20 years ago, India had adopted mechanization in a big way especially in the infrastructure and Highway sector.
Even mechanization requires a trained workforce, which is not adequately available in India.
Hindi only way ahead is much higher dependence on technology and mechanization which means 3D construction use of drones from monitoring and integration of drawing software with monitoring and execution hardware which means 3D d and monitoring hardware integrated with drawing software.
Construction industry has been disrupted. It can't operate with IT. IT can only support it. In marketing, accounting and operations monitoring.
Construction activity will come down. There will be growing focus on reducing construction requirement by adopting space sharing.
Automating construction with robots and drones will be another focus for better construction.
What is the way forward for Small Construction Companies?
With a lockdown, construction activity is stopped. Income is Nil.
Dear Group members, I am figuring out next steps. I'll share them later in the day.
This is a shout-out for those of you who have found solutions to share your views and advice, particularly relevant to the generally high-debt industry of Construction & Real Estate.