New Delhi (India), July: The Construction Industry in India is witnessing rapid growth, but around 80% of its supply side remains fragmented and unorganized. This lack of structure significantly impacts the industry's ability to meet the surging demand, leading to project delays, compromised quality, and heightened frustrations for Project Managers and Purchase & Contracts Departments. The absence of streamlined processes and standardization hampers efficiency and coordination, hindering timely project completion and affecting overall project outcomes. To address these challenges, efforts must be made to promote greater organization and cohesion within the supply chain, fostering a more sustainable and successful construction sector in India.
According to industry reports, the unorganized and fragmented nature of the construction supply side contributes to approximately 30% of delays in project schedules. Moreover, quality issues arising from the lack of standardization account for nearly 20% of total project rework. These inefficiencies translate into significant financial losses, with the industry estimated to lose up to 12% of its annual revenue. Addressing these challenges requires incentivizing and supporting smaller suppliers to adopt more organized practices, investing in skill development programs, and fostering collaboration between stakeholders to create a more cohesive and responsive construction ecosystem. By taking proactive steps to bridge this gap, the construction industry can unleash its full potential, meeting the rising demand and delivering projects efficiently, thus boosting economic growth and job creation.
In response to the critical challenges posed by India's fragmented and unorganized Construction Industry, Neevay has emerged as a game-changing solution. With over 12,000 Construction related businesses already onboard and experiencing rapid growth, Neevay serves as the much-needed bridge between the demand and supply sides of the industry. The digital platform provides users with easy access to comprehensive and relevant information related to construction Contractors & Suppliers across various sectors, all at the click of a button.
Neevay's unique "Search Engine of the Construction Industry" has garnered widespread praise for streamlining project-related tasks. Neevay's revolutionary platform caters to both the demand and supply sides of the Construction Industry, streamlining processes and boosting efficiency. On the demand side, users bid farewell to the cumbersome task of sifting through piles of brochures and visiting cards to find vendors. Neevay ensures quick and convenient access to the right information precisely when it is needed, expediting project delivery.
For suppliers, Neevay's innovative approach eliminates the inefficiency of distributing brochures that are often inaccessible when required. Instead, the platform focuses on nurturing the right and relevant connections and leads, empowering businesses to grow with maximum efficacy. Through Neevay's seamless interface, the construction industry witnesses a transformative shift towards productivity and enhanced collaboration.
"Our mission is to bring together all the information and connections within the construction industry, making it accessible through a few simple clicks," said Hanish Raheja, Founder and Managing Director of Tathaatvam Technology Solutions Pvt Ltd (The Owner company of Neevay Brand). With their eyes set on consolidation and organization, Neevay aims to transform one of India's largest industries: the construction sector.
Developed with simplicity, efficiency, and effectiveness in mind, Neevay provides seamless access to valuable information and contacts within the construction domain. By empowering stakeholders with a comprehensive digital platform, Neevay is revolutionizing the construction industry, driving growth, and creating a more streamlined and collaborative ecosystem.
For more information, visit: https://neevay.com/