INTERPRETIVE STRUCTURAL MODELING OF GROWTH 73 Interpretive Structural Modeling of Growth Enablers in Construction Companies Sanjay Bhattacharya Jaipuria Institute of Management K Momaya Indian Institute of Technology, New Delhi Abstract I n order to exploit the developing economy, many foreign companies are extending or outsourcing their operations in India, providing sig- nificantly high margins for companies within the Indian construction and engineering industry. In such a scenario, the Indian construction com- panies have to roll up their sleeves and gear up to meet the challenges posed by the foreign companies vying for a piece of the infrastructure investment. To counter the foreign companies, it is of paramount impor- tance that the domestic companies grow to match the size, volumes, and capabilities. The current gap is very evident from the following compari- son between the top construction company of the world (Vinci) and the top construction company of India (Larsen & Toubro, L&T). It is widely accepted that L&T has a significant potential to become a major player at the world level along with a few other Indian companies. It is this pros- pect which provides the motivation for the current study. The data in The construction industry in India is booming. In the current situation, construction companies need to gear up to meet the ensuing challenges. The main challenge is to enhance their capabilities and successfully meet rising customer needs for quality and timely delivery of complex projects. This study first attempts to identify the enablers for growth through literature review. The systematic analysis of the enablers is ex- pected to be of great value for the effective implementation of the growth strategies. A study of the linkages among the enablers can help in the understanding of the related issues, and the role of the various agencies involved. There is a need to understand the hierarchical relationship among the enablers, their driving powers, and dependence to arrive at an in-depth appreciation of the issues at hand. To achieve all the above, interpretive structural Modeling has been utilised to arrive at useful in- sights for the potential leaders in the Indian construction industry. Key Words: Construction, Growth, Enablers, Drivers, Dependency