Internationalization of Indian Engineering, Procurement & Construction Firms

Globalization and associated economic expansion worldwide have created increased demand for infrastructure projects across various sectors in the Middle East, Latin American, Asian and African countries. In India, the role played by the private sector in infrastructure development has increased a lot more than in other sectors. Indian EPC firms have successfully tapped the market potential in international markets across oil and gas, construction, telecom and power sectors. The authors have carried out an empirical and qualitative study with EPC experts. Interviews were conducted with professionals who have been managing international EPC market operations. The authors’ content analyzed the data to arrive at thematic findings, discussed the strategy, scope and challenges faced by Indian EPCs during internationalization.