This report provides a regional overview of India’s industrial sector for Q4 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
Across India’s diverse geography, construction trends vary significantly from one region to another. Understanding these regional nuances is essential for industry stakeholders aiming to navigate the landscape effectively. Zonal analytics thereby offer stakeholders the strategic advantage of identifying region-specific opportunities helping them further make data-driven decisions rooted in the unique characteristics of each zone.
As a leading intelligence platform in India’s construction landscape, Biltrax plays a critical role in monitoring these zonal analytics. As of Q4 FY 2024–25, the platform tracked 56,884+ live construction projects nationwide. These developments collectively represent more than 17.58 Billion-SqFt of construction area, with an estimated construction cost of 10,925,772 INR-Crore (approximately 1.27 USD-Trillion). This extensive dataset represents a significant %age of India’s construction ecosystem, further offering stakeholders valuable insights into emerging trends and regional developments.
Additionally, our comprehensive coverage includes information on 24,535 project owners, 10,814 architecture and consultancy firms, and 6,063 construction companies. include more than 8.23 million approvals for over 17,500 leading brands active across India.
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 April 2025, BX-2 tracks 22,000 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
Overview
In Q4 FY 2024-25, Biltrax’s BX-2 platform tracked 1,184 new industrial projects in the manufacturing and warehousing segment. Collectively, these projects span 216.92 Million-SqFt of construction area and represent an estimated project value of 411,665 INR-Crore (49.60 USD-Billion).
Major Sub-segments
Major Sub-segments (% by Project Value)
In the final quarter of FY 2024–25, the manufacturing sector witnessed a surge in industrial activity. Out of 1,184 industrial projects mapped during Q4, a substantial 1,059 belonged to this segment. Together, these accounted for a total construction cost of 402,896 INR-Crore and covered a cumulative construction area of 189.68 Million-SqFt.
Among the major sub-segments, the electronics sector emerged as the frontrunner in terms of investment. BX-2 tracked 128 projects in this sub-segment valued at an estimated 75,063 INR-Crore, contributing 18.63% of the total project cost. Meanwhile, the steel segment followed closely, contributing 66,150 INR-Crore in project value from just 48 initiatives.
| Sub-segment | Project Nos | Project Value (INR-Crore) | % by Project Value |
| Electronics | 128 | 75,063 | 18.63% |
| Steel | 48 | 66,150 | 16.42% |
| Chemicals | 77 | 47,440 | 11.77% |
| Solar Panels | 35 | 35,451 | 8.80% |
| Metal | 106 | 28,622 | 7.10% |
| Food Processing | 176 | 25,499 | 6.33% |
| Automobiles | 23 | 20,576 | 5.11% |
Zone-wise Distribution
Biltrax tracks projects zone-wise as elaborated below
- North Zone – Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Chandigarh, Ladakh.
- Northeast Zone – Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura.
- East Zone – Andaman & Nicobar Islands, Bihar, Jharkhand, Orissa, West Bengal.
- West Zone – Dadra & Nagar Haveli, Daman & Diu, Goa, Gujarat, Maharashtra.
- South Zone – Andhra Pradesh, Karnataka, Kerala, Lakshadweep, Pondicherry, Tamil Nadu, Telangana.
- Central Zone – Madhya Pradesh, Chhattisgarh.
| Zone | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| West Zone | 308 | 90.01 | 123,729 | 30.06% |
| East Zone | 183 | 33.24 | 123,071 | 29.90% |
| South Zone | 277 | 43.48 | 80,911 | 19.65% |
| North Zone | 290 | 26.8 | 54,851 | 13.32% |
| Central Zone | 88 | 18.63 | 22,817 | 5.54% |
| Northeast Zone | 38 | 4.76 | 6,286 | 1.53% |
| TOTAL | 1,184 | 216.92 | 411,665 |
As per the data tracked by Biltrax’s BX-2 platform, the West Zone recorded the highest share in project value during Q4 FY 2024–25 for industrial segment. It accounted for 123,729 INR-Crore, representing 30% of the total cost mapped in this quarter. Notably, this marked the first time in the fiscal year that the West Zone led in both project count and value, reflecting a shift in zonal momentum compared to earlier quarters where other regions had shown stronger activity.
Meanwhile, the East Zone followed closely behind. It recorded 183 projects, amounting to a total project cost of 123,071 INR-Crore.
Also Read: India’s Transport & Sports Infrastructure Landscape in Q4 FY 2024-25
A. North Zone
In Q4 FY 2024-25, the North Zone witnessed notable industrial activity. A total of 290 new industrial projects were mapped by Biltrax’s BX-2 platform, with a combined project cost of 54,851 INR-Crore. These developments spanned a construction area of 26.8 Million-SqFt.
Of the total, 262 projects belonged to the manufacturing segment, valued at 53,129 INR-Crore. Meanwhile, the remaining 28 were warehousing projects, collectively worth 1,722 INR-Crore. Among the manufacturing sub-segments, electronics contributed significantly to the total project value. However, the food processing sub-segment saw the highest number of project announcements.
Leading States in the North Zone Q4 FY 2024-25
Uttar Pradesh emerged as the top-performing state in the North Zone. It recorded 105 projects worth 36,492 INR-Crore, contributing over 65% of the zone’s total project value. This strong performance was primarily driven by a major electronics project by Tarq Semiconductors Private Limited (Hiranandani Group), which alone accounted for nearly 75% of the state’s total project cost.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %by Project Value |
| Uttar Pradesh | 105 | 11.07 | 36,492 | 66.57% |
| Rajasthan | 44 | 4.49 | 5,360 | 9.78% |
| Jammu & Kashmir | 38 | 2.4 | 4,801 | 8.76% |
Key Stakeholders in the North Zone (Based on Project Value)
During the last financial quarter, BX-2 monitored 269 project owners in the industrial segment, alongside 47 consultants across the North Zone. Notable players included ArcelorMittal India Private Limited, Maruti Suzuki India Limited, and Imperial Armoury Private Limited, each spearheading large-scale projects valued between 1,200 and 1,500 INR-Crore.
Meanwhile, Solanki Contractor and Sons emerged as a key player in civil works. The firm has been appointed as the civil works contractor for two major projects spearheaded by Patanjali Ayurved Limited. Both developments are located in Sector 24, YEIDA, Uttar Pradesh, and have a combined estimated cost of 800 INR-Crore. Additionally, Singh Association is serving as the design architect for these projects.
BX-2 also tracked two significant developments in the cement sub-segment. JSW Cement Limited is executing a project valued at 2,246 INR-Crore, while Ambuja Concrete North Private Limited is developing another with an estimated cost of 960 INR-Crore.
B. Northeast Zone
In Q4 of the last financial year, BX-2 tracked 38 industrial projects in the Northeast zone. These spanned 4.76 Million-SqFt with a total investment of 6,286 INR-Crore. Among them, the manufacturing segment contributed 32 projects, amounting to 6,086 INR-Crore.
Leading States in the Northeast Zone Q4 FY 2024-25
In the Northeast zone, Assam recorded the highest number of industrial projects during Q4 FY 2024-25, as tracked by BX-2. A total of 27 projects worth 5,625 INR-Crore were mapped in the state, out of which 22 belonged to the manufacturing segment. The cement sub-segment played a significant role in driving this investment, contributing notably to Assam’s industrial push.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %age Project Value |
| Assam | 27 | 4.07 | 5625 | 89.48% |
| Meghalaya | 3 | 0.37 | 280 | 4.45% |
| Arunachal Pradesh | 3 | 0.12 | 257 | 4.09% |
One of the key factors behind Assam’s strong performance this quarter was the Advantage Assam 2.0 summit, held between February 25–26, 2025, in Guwahati. The event became a milestone moment for the state’s industrial growth. It helped position Assam as an emerging hub for manufacturing and investments in the Northeast. Furthermore, the summit led to investment commitments worth 5.18 Lakh INR-Crore.
With a strategic location that connects India to Southeast Asia, along with upgraded infrastructure and pro-investment policies, Assam is steadily attracting major players in core industries. These include petrochemicals, cement, steel, as well as logistics. Additionally, the state’s Advantage Assam 2.0 Scheme is offering strong incentives to new investors. These include capital investment subsidies, GST reimbursements, stamp duty waivers, and interest subsidies on loans for setting up industrial units. Consequently, more companies are exploring long-term opportunities in the region.
Key Stakeholders in the Northeast Zone (Based on Project Value)
In the Northeast zone, BX-2 mapped 38 project owners during the last quarter. Among these, three major projects stood out in the cement sector, all signed during the Advantage Assam 2.0 summit. These high-value developments were signed by Star Cement Limited, JK Lakshmi Cement Limited, and UltraTech Cement Limited. Their estimated project costs are 2,500 INR-Crore, 850 INR-Crore, and 490 INR-Crore, respectively.
Additionally, over 45% of the identified projects fell under the food processing sub-segment. This highlights a growing focus on agro-based industries across the region. Key stakeholders such as Varun Beverages Limited, Umiam Distillation Private Limited, and Nutricircle Limited are leading important developments in this space. As of March 2025, each of these food processing projects were in the early stages of construction. Collectively, they span a construction area of over 110,000 SqFt, reinforcing the sector’s potential for long-term expansion.
C. East Zone
During Q4 FY 2024–25, the East zone maintained a strong industrial pace, with the BX-2 platform mapping 183 projects. These projects span a total of 33.24 Million-SqFt of construction area, with a cumulative project cost of 123,071 INR-Crore. Steel and metal sub-segments led the East zone’s industrial activity, contributing significantly to the overall project value. Furthermore, 21 projects in the zone surpassed 1,000 INR-Crore in value, underscoring the significant scale of investments.
Leading States in the East Zone Q4 FY 2024-25
Odisha emerged as a key contributor during this period, with BX-2 recording projects worth 105,603 INR-Crore. Out of the 71 industrial projects tracked in the state, 9 exceeded 4,000 INR-Crore in value, primarily located in the Ganjam and Jagatsinghpur districts.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %age Project Value |
| Odisha | 71 | 18.52 | 105,603 | 85.81% |
| West Bengal | 51 | 6.85 | 8073 | 6.56% |
| Jharkhand | 11 | 3.92 | 5848 | 4.75% |
One of the major drivers behind this surge was Utkarsh Odisha 2025, also known as the Make in Odisha Conclave 2025. Held between January 28–29 in Bhubaneswar, the event attracted investment intents worth nearly 16.73 Lakh INR-Crore. A total of 145 Memoranda of Understanding (MoUs) were signed across 20 different sectors. Top industry players such as Jindal Steel and Power (JSP), Vedanta Limited, and Aditya Birla Group committed large-scale investments in the steel and aluminum sectors across various districts.
Ahead of the conclave, the Odisha Government approved industrial projects worth 32,736 INR-Crore (USD 3.9 billion). These span multiple sectors including chemicals, green energy equipment, shipbuilding and repair, as well as steel. The approved projects are distributed across key districts such as Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak.
Key Stakeholders in the East Zone (Based on Project Value)
The BX-2 platform tracked 167 project owners and 23 consultants operating in the East zone during the last financial quarter.
Among the major developments, three large-scale projects by the JSW Group were mapped across the cement and steel sub-segments, with a combined investment of 32,245 INR-Crore. Notably, JSW Steel Limited is spearheading a flagship project in Odisha’s Keonjhar district, valued at 32,000 INR-Crore. The company has signed a Memorandum of Understanding (MoU) with South Korea’s POSCO Group to establish an integrated steel plant with a planned capacity of 5 MTPA.
D. West Zone
In Q4 FY 2024–25, the West zone accounted for 308 industrial projects spanning 90.01 Million SqFt, with a total investment of 123,729 INR-Crore. The manufacturing segment dominated activity, representing 85% of the total count. Within this, electronics, chemicals, and automobiles collectively made up over 45% of the total project value.
Leading States in the West Zone Q4 FY 2024-25
Maharashtra continued to lead the zone, topping both in project count and value. The state alone contributed more than 80% of the total investment recorded in the quarter. BX-2 identified four mega projects in Maharashtra—each valued above 10,000 INR-Crore—which are currently in the early stages of construction.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %age Project Value |
| Maharashtra | 201 | 62.97 | 99,554 | 80.46% |
| Gujarat | 94 | 22.96 | 22,755 | 18.39% |
At the World Economic Forum (WEF) 2025 in Davos, Maharashtra marked a milestone by securing 61 Memoranda of Understanding (MoUs) worth approximately 15.75 Lakh INR-Crore. Key players such as Reliance Industries Limited and JSW Group committed over 3 Lakh INR-Crore. Additionally, Vardhaan Lithium and VIT Semicons announced major investments in the electronics space, while Indorama disclosed expansion plans in the textile sector. These projects range from 24,000 INR-Crore to 42,000 INR-Crore in estimated value.
Key Stakeholders in the West Zone (Based on Project Value)
During the final quarter of FY 2024–25, the BX-2 platform tracked 287 project owners and 70 consultants across the West zone.
Among the top contributors were Skoda Auto Volkswagen India, Powerin Urja India, Viraj Profiles, and Vardhaan Lithium, each driving projects valued above 10,000 INR-Crore—mostly concentrated in Maharashtra. BX-2 also identified three large-scale projects within the electronics segment, each worth 2,000 INR-Crore or more. Gensol Engineering Limited is developing its facility in Maharashtra, while Micron Technology India and Waaree Group are setting up units in Gujarat.
Out of all consultants mapped in the zone, Archivista Engineering Projects Private Limited emerged as the most active. The firm is involved in four projects totaling 13,175 INR-Crore. For instance, in a major project by Intelux Electronics in Pune, Archivista played a key role—serving as the MEP consultant, design architect, and structural engineer.
Also Read: Construction Landscape of India’s Roads & Highways Sector in Q1 FY 2024-25
E. South Zone
During Q4 FY 2024–25, industrial activity in the South zone gained momentum with 277 new projects, collectively valued at 80,911 INR-Crore. The manufacturing sector drove this surge, contributing 76,540 INR-Crore, followed by warehousing at 4,343 INR-Crore. A majority of these developments—over 80%—are currently in the proposal pipeline. Additionally, a similar proportion had an individual project value exceeding 250 INR-Crore.
Leading States in the South Zone Q4 FY 2024-25
Karnataka reclaimed its position as the leading state in Q4, overtaking Telangana, which led in the previous quarter. BX-2 tracked 57 projects in Karnataka, with a cumulative investment of 38,975 INR-Crore—making a significant impact on the zone’s overall industrial landscape. Over 45% of these projects are currently in the early stages of construction.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %age Project Value |
| Karnataka | 57 | 12.95 | 38,975 | 48.17% |
| Telangana | 87 | 6.09 | 14,723 | 18.20% |
| Tamil Nadu | 74 | 15.13 | 12,927 | 15.98% |
The Global Investors Meet Karnataka 2025, held in Bengaluru from February 12–14, played a key role in boosting investor sentiment. The event resulted in investment commitments worth 10.27 Lakh INR-Crore (USD 118.26 billion) across 212 Memoranda of Understanding (MoUs). A substantial share of these investments was directed toward manufacturing. Core Manufacturing industries attracted 1.59 Lakh INR-Crore. Meanwhile, General Manufacturing—including Food & Agriculture, Textiles, Pharma, Machine Tools, and FMCG—secured 1.05 Lakh INR-Crore.
Additionally, Sunrise Manufacturing sectors like Aerospace & Defence, Auto/EV, ESDM, R&D, and Global Capability Centers (GCCs) drew 1.38 Lakh INR-Crore. One of the standout outcomes was the investment inflow into Vijayapura district, which alone secured projects worth 42,000 INR-Crore.
Key Stakeholders in the South Zone (Based on Project Value)
During Q4 of FY 2024-25, BX-2 monitored 263 project owners associated with the 277 industrial developments in the South zone. In Karnataka, Hero Future Energies Limited and Emmvee Photovoltaic Power Private Limited led significant contributions, with project values of 10,000 INR-Crore and 600 INR-Crore, respectively.
Phoenix Kothari Footwear Limited was mapped with five industrial projects, amounting to a combined value of 5,530 INR-Crore. In Telangana, Amara Raja Advanced Cell Technologies Private Limited is executing two major projects, collectively valued at 5,800 INR-Crore. For both developments, Amara Raja Infra is serving as the General Turnkey/EPC contractor.
Among the consultants active in Q4, Korus Engineering Solutions and PK Associates stood out, each contributing to projects with values exceeding 1,200 INR-Crore.
F. Central Zone
Industrial momentum in the Central zone remained steady during Q4 FY 2024–25, with BX-2 tracking 88 projects spanning 18.63 Million SqFt of construction area. These developments accounted for a cumulative project cost of 22,817 INR-Crore. The manufacturing segment led the way, contributing 22,109 INR-Crore through 81 projects. Meanwhile, the platform recorded 7 warehousing projects worth an estimated 708 INR-Crore in the zone.
Leading States in the Central Zone Q4 FY 2024-25
Madhya Pradesh dominated the regional landscape with 63 projects valued at over 18,343 INR-Crore. A significant portion of this investment came from the metal sub-segment, which played a key role in driving the state’s industrial momentum.
| State | Project Nos | Construction Area (Million-SqFt) | Project Value (INR-Crore) | %age Project Value |
| Madhya Pradesh | 63 | 11.72 | 18,343 | 80.39% |
| Chhattisgarh | 25 | 6.91 | 4,474 | 19.61% |
One of the major catalysts behind this surge was the Global Investors Summit 2025. Held earlier in the year, the summit brought in investment commitments worth 26.61 Lakh INR-Crore. The event led to the signing of 85 Memoranda of Understanding (MoUs) across sectors. Of these, the Industrial Policy Department alone received proposals valued at 8.6 Lakh INR-Crore.
To further strengthen investor confidence, the state government declared 2025 as the “Year of Industry.” This move was supported by the introduction of 18 new policies aimed at simplifying business operations and enhancing ease of doing business. Several key commitments followed. The Arvind Group pledged 800 INR-Crore in the textile sector, while the MSME sector secured investments worth 21,000 INR-Crore. These developments contributed to MP’s dominant position in the Central zone, while helping it climb to seventh place nationally in MSME sector growth.
Key Stakeholders in the Central Zone (Based on Project Value)
These strong investment commitments translated into on-ground action in the final quarter of FY 2024-25, as BX-2 recorded several high-value projects led by prominent stakeholders.
Among the notable entries, Shakti Energy Solutions Private Limited and Teerth Gopicon Private Limited stood out. Both companies initiated large-scale industrial projects. These projects are valued at 1,275 INR-Crore and 1,000 INR-Crore, respectively. Both companies formalised their investment plans by signing MoUs with the Madhya Pradesh Government during the Investors Summit 2025.
The Aditya Birla Group also marked its presence through its subsidiary, Hindalco Industries Limited. The group began work on the Mahan Aluminium Smelter Plant in Madhya Pradesh. With a committed investment of 10,000 INR-Crore and a project value of 8,000 INR-Crore, it stands as one of the region’s largest projects.
Chhattisgarh too saw significant activity in the steel sub-segment. Kusum Smelters Private Limited and Arham Ispat Private Limited are developing new manufacturing units. Each project has an investment exceeding 450 INR-Crore. Vaastu Group of Engineers, serving as the consultant for both projects, played a central role in shaping these developments.
Also Read: India’s Water Supply & Distribution Landscape in Q1 FY 2024-25
In conclusion, zonal analytics serve as a strategic tool for interpreting regional industrial patterns. They offer valuable insights into evolving investment trends, sectoral contributions, and geographic concentrations. With data curated from Biltrax, stakeholders gain access to accurate and timely project intelligence across the country. As industrial developments continue to accelerate, such analysis enables stakeholders to make data-driven decisions that are aligned with both market potential and regional priorities.
Thank you for following along with our in-depth analysis of each zone’s industrial trends and developments during Q4 FY 2024-25. 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.
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 Industrial Landscape in FY 2023-24: A Zone-wise Analysis
Series 3: India’s Roads & Highways Sector in FY 2023-24: A Zone-wise Analysis
4th Series: India’s Water Supply & Distribution Landscape in FY 2023-24: A Zone-wise Analysis
Our Quarterly Analyses:
1st Series Q1: India’s Construction Industry in Q1 FY 2024-25
Series 2 Q2: India’s Infrastructure landscape in Q2 FY 2024-25
Q3 Series 3:India’s Building Construction Industry in Q3 FY 2024-25
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