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India's construction sector gets govt boost

Arbitration procedures have been relaxed to ensure faster completion of projects.

The Modi government's measures to revitalise the construction sector will serve as a major boost to the Indian economy. Not only is this sector a major employer, but its growth would also help boost the demand for cement, steel and bricks.

RECOGNISING that India's construction and real estate sectors need a boost, and to ensure that major projects held up for want of funds and heavy over-leveraging to banks get off the ground, the Indian government has taken a few decisions which might well set the economy on an upward path soon.