Source: Tikidan
Danosa, which provides end-to-end sustainable construction solutions, has become a Patron of the Spain India Council Foundation with a view to strengthening its relations with India, one of the strongest global markets in terms of economic outlook.
The company, which was created over 50 years ago, debuted in India in August 2012 through Tikidan, a 50-50 joint venture with local partner Tiki Tar Industries, India's largest bitumen company.
Danosa is now positioned as a manufacturer of waterproofing and insulating solutions in the world's second most populated country, with over 1.2 billion consumers, at a time when re-enforcing existing infrastructure has become crucial. The construction materials industry is the second largest in the country and makes up around 11% of India's GDP.
The Indian Government has been working on five year action plans for the advancement of the construction industry. It is currently on its twelfth Five Year Plan (2012-2017), and has announced an investment of some 760 billion euros in infrastructure.
Danosa’s CEO, Manuel del Río, said: “India has great potential for growth and development due to the need to waterproof and insulate its infrastructure. It is worth bearing in mind that economic forecasts point to growth of over 7% for 2015 and 2016 and that the infrastructure industry's material costs represent close to 60% of total expenses”.
