India’s Industrial Landscape in Q3 FY 2024-25: A Zone-wise Analysis

This report provides a regional overview of India’s industrial sector for Q3 FY 2024-25, focusing on the manufacturing and warehousing segments. These segments, documented by Biltrax Construction Data (hereafter referred to as Biltrax) through the BX-2 platform, explore key trends, major players, and government initiatives influencing regional developments.

Utilizing Biltrax Construction Data for Strategic Insights

Biltrax plays a pivotal role in tracking and analyzing construction projects across India. As of January 2025, Biltrax monitors 55,460 live construction projects. These encompass more than 17.59 Billion-SqFt of construction area and a total estimated construction value of 10,572,299 INR-Crore (1.24 USD-Trillion).

BX-2

Biltrax’s BX-2 platform is a comprehensive resource for non-building projects across India. It covers diverse segments such as Roads & Highways, Industrial (Manufacturing & Warehousing), and Water Supply & Distribution. Our dedicated team of analysts meticulously tracks and monitors industrial projects within this extensive framework. As of January 2025, BX-2 tracks 21,700 projects, offering detailed information on construction volumes, geographies, roles & specializations, project durations, etc. By leveraging the platform, stakeholders gain valuable insights and strategic advantages. These further facilitate informed decision-making and efficient project execution in India’s dynamic construction sector.

Also Read: India’s Building Construction Industry in Q3 FY 2024-25

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Overview

In Q3 FY 2024-25, Biltrax’s BX-2 platform tracked 1,112 new industrial projects in the manufacturing and warehousing segments from October to December 2024. Collectively, these projects span 198.31 Million-SqFt and represent an estimated project value of 328,673 INR-Crore (38.43 USD-Billion).

Major Sub-segments

Sub-segment	Project Nos	Project Value (INR-Crore)	% by Project Value
Electronics	110	76,607	24.27%
Automobiles	20	51,239	16.23%
Steel	34	51,216	16.23%
Food Processing	171	26,680	8.45%
Metal	105	26,419	8.37%
Cement	22	15,878	5.03%
Solar Panels	30	15,380	4.87%

Zone-wise Distribution 

Biltrax tracks projects zone-wise as elaborated below 

Zone	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	% by Project Value
East Zone	127	30.86	103,265	31.42%
West Zone	305	48.18	84,576	25.73%
South Zone	323	48.24	71,264	21.68%
North Zone	242	43.12	34,425	10.47%
Central Zone	103	26.58	30,211	9.19%
Northeast	12	1.33	4,932	1.50%
Total	1,112	198.31	328,673

In Q3 FY 2024-25, the East zone remained the top contributor in terms of project value, contributing over 31% of the total project value, amounting to 103,265 INR-Crore. The West zone followed with 25.73%. Meanwhile, the South zone stood out with the highest number of projects, totaling 323.

Also Read: India’s Transport & Sports Infrastructure Landscape in Q3 FY 2024-25

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A. North Zone

In Q3 of FY 2024-25, BX-2 recorded 242 new industrial projects in the North zone, encompassing 43.12 Million-SqFt at a combined project cost of 34,425 INR-Crore. Among these, 231 were manufacturing projects and 11 focused on warehousing. Moreover, the Solar Panels sub-segment contributed 18.97% of the total project cost. Meanwhile, the Food Processing sector also made a substantial contribution, accounting for 15.84% with 41 projects.

Leading States in the North Zone Q3 FY 2024-25

Uttar Pradesh dominated the North zone in terms of project value, with 77 projects spanning 26.31 Million-SqFt and a total project value of 17,965 INR-Crore, representing more than 52% of the zone’s overall project cost. Rajasthan followed, with 37 projects valued at 6,010 INR-Crore, contributing 17.46% to the region’s total project value.

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%by  Project Value
Uttar Pradesh	77	26.31	17,965	52.19%
Rajasthan	37	5.15	6,010	17.46%
Haryana	39	3.39	3,422	9.94%

Moreover, the Uttar Pradesh Government has launched the Multi-Modal Logistics Park (MMLP) Policy-2024 to encourage investment in the logistics sector. The policy provides a 30% upfront land subsidy and full exemptions on development fees and stamp duty for projects that invest at least 1,000 INR-Crore. The land subsidy is applicable only on land allocated by the state’s industrial development authority or other government institutions.  

Key Stakeholders in the North Zone (Based on Project Value)

In the North zone, BX-2 recorded 222 industrial project owners executing projects worth a combined estimated project cost of 34,425 INR-Crore. Additionally, 38 design engineering consultants involved in 47 projects and 30 contractors involved in 43 projects were documented.

Leading the investments, SAEL Industries Ltd, Balrampur Chini Mills Ltd, Jakson Group, Vardhman Special Steels Ltd, and Canpack India Pvt Ltd emerged as top owners, collectively contributing over 10,200 INR-Crore. Among these, SAEL Industries Ltd is contributing significantly with the proposed greenfield project at Greater Noida, Uttar Pradesh. This Lithium Batteries & Solar Modules Manufacturing Unit Phase-1 will be developed at an estimated project cost of 4,500 INR-Crore. 

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B. Northeast Zone

In Q3 FY 2024-25, BX-2 tracked 12 industrial projects in the North-East zone, spanning across 1.33 Million-SqFt and totaling an investment of 4,932 INR-Crore. The Food Processing sub-segment was the top contributor. It accounted for nearly 90% of the cost, with a combined project value of 4,425 INR-Crore.

Leading States in the Northeast Zone Q3 FY 2024-25

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%age Project Value
Assam	12	1.33	4,932	100%

Assam continued to lead the Northeast zone in the third quarter, as all 12 projects documented by BX-2 in this region are coming up in the state. Its rich resources like oil, natural gas, tea, coal, and bamboo support key industries, including energy, agro-based production, and cement manufacturing. Combined with its strategic location, these factors have driven notable growth in manufacturing units and warehouses across Assam.

Key Stakeholders in the Northeast Zone (Based on Project Value)

During the last quarter of  FY 2024-25, Assam Bio-Refinery Pvt Ltd emerged as the top owner in the zone. The company has proposed a greenfield ethanol processing plant in Golaghat, with an investment of 4,200 INR-Crore. This investment accounts for 85% of the total project value in the North-East zone. Additionally, Engineers India Ltd has been appointed as the General Turnkey Contractor for the project.

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C. East Zone

In Q3 FY 2024-25, BX-2 tracked 127 industrial projects spanning 30.86 Million-SqFt in the East zone, with a total project cost of 103,265 INR-Crore. The Steel sub-segment emerged as the dominant contributor, with 13 projects valued at 42,576 INR-Crore, accounting for 41%. Following this, the electronics sector contributed 25%, while the automobile sector accounted for 24.37% of the total value.

Leading States in the East Zone Q3 FY 2024-25

Leading the East zone in Q3 FY 2024-25, BX-2 documented 57 industrial projects in Odisha, covering 16.17 Million-SqFt and a total project value of 84,149 INR-Crore. This contributed a significant 81.49% to the zone’s total investment. 

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%age Project Value
Odisha	57	16.17	84,149	81.49%
West Bengal	32	6.2	11,434	11.07%
Bihar	31	7.11	6,027	5.84%

The Odisha Government is taking proactive steps to strengthen the state’s industrial infrastructure. As part of these efforts, the Odisha Government is constructing cold storages in 58 sub-divisions of the state. Additionally, Odisha plays a key role in steel production, with 25% of India’s iron reserves, making it an important hub for the industry. Consequently, the steel sub-segment was a major contributor, accounting for nearly 50% of the total project value.

Key Stakeholders in the East Zone (Based on Project Value)

During Q3 FY 2024-25, the BX-2 platform documented 128 industrial project owners in the East zone, with JSW Steel Ltd and JSW Energy PSP Eleven Ltd collectively contributing 60,000 INR-Crore (nearly 60% of the zone’s total project value). The zone also recorded 14 contractors. ECR Buildtech Pvt Ltd and Praj Industries Ltd emerged as the top contributors based on project value. Additionally, 21 design engineering consultants were documented, including CR Narayana Rao Architects & Engineers, overseeing 2 major projects worth a combined 25,090 INR-Crore.

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D. West Zone

In Q3 FY 2024-25, BX-2 recorded 305 industrialprojects in the West zone, covering 48.18 Million-SqFt with the total project value of 84,576 INR-Crore. Among these, 276 projects were in the manufacturing sector, while 29 focused on warehousing. Moreover, the top sub-segment was Automobiles, with 3 projects valued at 20,110 INR-Crore, contributing 23.7% to the total project value. The Electronics sub-segment followed accounting for 21.69%.

Leading States in the West Zone Q3 FY 2024-25

In the last quarter, Maharashtra emerged as the leading state in the West zone, accounting for 196 projects. These cover a total 28.74 Million-SqFt of construction area with a project value of 56,262 INR-Crore. This contribution made up 66.52% of the zone’s total project value.

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%age Project Value
Maharashtra	196	28.74	56,262	66.52%
Gujarat	103	18.98	27,962	33.06%

Key Stakeholders in the West Zone (Based on Project Value)

In Q3 FY 2024-25, the West zone witnessed substantial activity, with 293 industrial project owners documented on the BX-2 platform. Among these, JSW Green Mobility Ltd, Vellore Information Technology Park Pvt Ltd, and Hindalco Industries Pvt Ltd stood out. Each of these developers are spearheading projects valued at over 12,500 INR-Crore. Additionally, Adani Electricity Mumbai Ltd, Ambuja Concrete North Pvt Ltd, and Ambuja Cements Ltd are spearheading significant investments of over 1,000 INR-Crore each in cement plant projects located in Maharashtra and Gujarat.

Also Read: Construction Landscape of India’s Roads & Highways Sector in Q1 FY 2024-25

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E. South Zone

In Q3 FY 2024-25, BX-2 tracked 323 industrial projects in the South zone, covering 48.24 Million-SqFt and totaling 71,264 INR-Crore in project value. Of these, 302 projects were focused on the manufacturing segment, and 21 were specifically on the warehousing segment. The major contributing sub-segment was Electronics, with 33 projects valued at 27,524 INR-Crore. This accounts for 38.6% of the total project value. 

Leading States in the South Zone Q3 FY 2024-25

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%age Project Value
Tamil Nadu	113	18.06	31,273	43.88%
Telangana	109	10.52	14,192	19.91%
Karnataka	69	14.35	12,956	18.18%

In Q3 FY 2024-25, Tamil Nadu emerged as the leading state in the South zone with 113 projects. These cover 18.06 Million-SqFt of construction area worth a total project value of 31,273 INR-Crore. This accounts for 43.88% of the zone’s total project value, with 105 projects in the manufacturing sector and 8 in warehousing.

Key Stakeholders in the South Zone (Based on Project Value)

In Q3 FY 2024-25, the South zone recorded the highest number of industrial project owners, with 317 documented on the BX-2 platform. Notably, Yuzhan Technology India Private Limited, Premier Energies Ltd, and LG Electronics India Pvt Ltd emerged as key contributors. These are collectively involved in 5 projects across the zone. Together, these top owners contributed nearly 30% to the total project value in the central zone with a combined investment of 20,000 INR-Crore.

Additionally, 30 design engineering consultants were involved in 43 projects across the zone. Among them, Tata Consulting Engineers Ltd stood out as the top consultant. TCEL is contributing to 4 projects, thereby leading in terms of the number of projects as well as total project value.

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F. Central Zone

In Q3 FY 2024-25, the Central zone recorded 103 projects, spanning 26.58 Million-SqFt with a total project value of 30,211 INR-Crore. Of these, 100 projects were in the manufacturing sector. Additionally, the Steel sub-segment was a major contributor in the manufacturing segment accounting for 20.52% of the total project value. 

Leading States in the Central Zone Q3 FY 2024-25

In Q3 FY 2024-25, Madhya Pradesh emerged as the leading state in the Central zone. The region implemented 84 projects covering 18.51 Million-SqFt with a total project value of 24,080 INR-Crore. This accounted for 79.71% of the zone’s total project value.

State	Project Nos	Construction Area (Million-SqFt)	Project Value (INR-Crore)	%age Project Value
Madhya Pradesh	84	18.51	24,080	79.71%
Chhattisgarh	19	8.07	6,131	20.29%

Recently, Madhya Pradesh witnessed substantial development in its industrial sector, highlighted by the Narmadapuram Industrial Conclave held in December 2024. The event attracted investment proposals worth 31,800 INR-Crore. Furthermore, the groundbreaking and inauguration of 82 industrial units, worth nearly 2,585 INR-Crore, emphasized the progress in creating a robust industrial infrastructure. MP Chief Minister, Mohan Yadav also issued intent letters for 98 units, encompassing 163 Acres of land.

Key Stakeholders in the Central Zone (Based on Project Value)

Also Read: India’s Water Supply & Distribution Landscape in Q1 FY 2024-25

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To conclude, zonal analytics play a crucial role in understanding regional dynamics, providing indispensable insights for stakeholders. By harnessing data from Biltrax, industry participants secure access to comprehensive, up-to-date information on construction projects nationwide. These further ensure alignment with regional demands and opportunities.

Thank you for following along with our in-depth analysis of each zone’s industrial trends and developments. Stay tuned for our upcoming series to explore the construction trends in India’s Roads & Highways sector. 

Contact us today to learn more about how we can help you succeed in the construction industry.

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To explore our previous analyses, also refer:

Series 1: India’s Building Construction Industry in FY 2023-24: A Zone-wise Analysis

2nd Series: India’s Construction Industry in Q1 FY 2024-25

Series 3: India’s Infrastructure landscape in Q2 FY 2024-25

Our Quarterly Analyses:

India’s Building Construction Industry in Q3 FY 2024-25

India’s Transport & Sports Infrastructure Landscape in Q3 FY 2024-25

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