Fenestration Industry: Past & Present The fenestration industry in India witnessed a leap in the 90s with an incredible growth in economy and the rising demand of the housing sector. By end 90’s the sector had to follow the ups and downs faced by the construction industry, which in turn depend on the state of the economy. However, the first decade of this century, a slowdown in the housing and real estate sector caused a setback to the doors and window market. As a few positive signs of growth in the real estate sector become visible, the doors and windows market is expected to grow in the near future. Saket Jain, Business Head, Fenesta points out that the Indian fenestration industry is directly linked to the construction industry’s performance. The slowdown in the construction industry in recent times have resulted in a setback in the window industry. The overall growth is around 20 per cent annually. He observes that retail is still on a steady growth path, though project business has shown a slump in the last couple of years. Jain is optimistic since there have been positive sentiments in the last few months. Farid Khan, Director & CEO, Profine India Window Technology Pvt. Ltd too agrees that 90s witnessed rapid growth in the demand for doors and windows along with growth of real estate sector and the growth kept increasing since early 2000. “We have seen a boom in this sector in the mid-2000 and now we are witnessing steady growth,” says Khan. India is in a
Saket Jain, Business Head, Fenesta
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Villa Windows by Fenesta
phase of huge projects announcements, especially from Government, like 100 smart cities, which provides huge opportunity for doors and windows industry. For Khan, all this is a sign of a more fruitful environment for fenestration industry. Robert Höllrigl, President - R&D & Maja Hoellrigl, President - Marketing & Operational Systems, Encraft India Pvt Ltd too state that the real estate boom of 90’s continued for almost a decade, especially when lot of housing societies came up in different parts of Delhi and when the culture of multi-storied apartments started. “Though the phase of such boom in multi-storied apartments have fizzled out in cities like Delhi & Mumbai in the last few years, the same has shifted to Gurgaon, Noida, Lucknow in North Pune, Lavasa, Powai, Thane etc., in west and also to cities like Chennai, Bangalore, Hyderabad in south, where the culture of multi-story apartments had picked up”, says Robert.
Farid Khan, Director & CEO, Profine India Window Technology Pvt. Ltd
Robert Höllrigl, President - R&D & Maja Hoellrigl, President - Marketing & Operational Systems, Encraft India Pvt Ltd