Excon 2017 Overview

Excon 2017, South Asia’s largest construction equipment exhibition, ended on a successful note, having attracted 925 exhibitors (including 275 from abroad) and 40,000 business visitors from across the globe. Dignitaries at the event included Mr. Anant G. Geete, Hon’ble Union Minister for Heavy Industries and Public Sector Enterprises as chief guest; Mr. R V Deshpande, Hon’ble Minister for Large & Medium Industries & Infrastructure Development, Government of Karnataka; and Mr. Amitabh Kant, CEO, Niti Aayog, Government of India, amongst others.

Speaking at the inaugural session, Mr. Anant G. Geete said, “Under Prime Minister’s leadership, the NDA government is trying to pave the way to lead India as a developed nation. The ‘Make in India’ is a pivotal initiative, especially in the heavy industry sector, wherein we want foreign players to invest in India, and encourage Indian companies to invest and grow in India as well. Equipment makers have good opportunities as there is phenomenal investments being made in the Infrastructure sector. We have also launched a slew of schemes to promote the capital goods industry. In the coming years, around `7-8 lakh crore is expected to be spent.”

Adding to this, Mr. Amitabh Kant, said, “I envisage the construction sector as one of the biggest growth drivers of the Indian economy in the coming years. Especially with the growing urbanization in our country, there is a need to accelerate growth rate by 9-10% year-after-year for three decades or more to be able to move above the poverty line. The government has not only provided impetus to 100 smart cities, 50 metros etc. but we also see a significant impetus to the railway and irrigation sectors. If India’s ambition is to grow 9-10%, the construction sector must grow at nearly 50% every year. Our objective is to provide the right ecosystem to the CE sector, and have taken a number of measures for providing ease of doing business to the companies.”

Ms. Shobana Kamineni, President, CII, said, “The construction industry remains the fundamental strength of the economy with important multiplier impact. Under the Make in India matrix, construction machinery, as a key component of the capital goods sector, contributes to India’s manufacturing prowess, and is set to witness strong expansion.”

Chairman Excon 2017 Mr. Vipin Sondhi in his address, said, “The Indian CE Industry, which peaked in 2011, went through a downcycle for four straight years from 2012 until 2015. In 2018, the industry will surpass our best year of 2011 with a growth of 14%. The industry is headed for better days with a projected stable growth of 10% CAGR over the next 5 years, compared to 7% in the previous decade. The government has made infrastructure creation a major pillar for sustained growth, and has announced a number of projects in roads, railways, metro rail, mining, irrigation, power and urban development, which are the growth drivers for our industry.”

He added, “We are entering the 9th edition of Excon, which has a 17-year long legacy, having started in 2000. With each passing edition, the trade event has witnessed immense growth both in quality and participation. Excon 2017 saw a 16% growth in the number of exhibitors compared with the 2015 edition, with the participation of companies from over 20 countries, and country pavilions of leading economies like Germany, Italy, China, South Korea and the UK.”

The Infrastructure Summit organised by CII during Excon deliberated on the opportunities in infrastructure development through Public Private Partnership. A CEOs Round Table Session saw participation of leading global and Indian CEOs in the infrastructure and construction sectors.

According to the CII-iCEMA report on Indian Construction Equipment Industry, released during the event, the combined Indian Construction Equipment (ICE) market, including construction equipment, spares, service and exports, which stood at USD 5.8 bn in 2016-17, is likely to touch USD 10.5 bn by 2021-22. The overall market for spares for earthmoving equipment in FY 2016-17, which was in the range of `4,000 - 4,300 crore, is expected to go up to `5,800 crore by FY 2022, with the allied services business being pegged at `800-850 crore, giving a huge opportunity for growth of the components industry.

CII EXCON 2017 provided an international platform for local component manufacturers to showcase their offerings to a global audience. The south and west India are hubs for component manufacturing with a good mix of domestic and MNC players. Tamil Nadu, a leading hub for automotive manufacturing and spares, is also becoming the preferred destination for CE component manufacturing. The road ahead for component manufacturers is to work more closely with OEMs, and initiatives like ‘Make in India’ and GST would provide them the required fillip for a robust growth.

Mr. Pratik Kumar, CEO & ED, Wipro Infrastructure Engineering, said, “The growth of Indian CE industry has a positive impact on the component industry since it is interconnected and interdependent with OEMs. The component industry is expected a have a CAGR of about 12% as compared to last year’s 5-8%. Over the next few years, we will see a lot of component companies bringing in new technologies, new processes, building capacity, and benchmarking with global best practices. This will not only position the Indian market more strongly, but also contribute to the export market.”

Mr. M. Seethapathy Rao, CMD, Hycom Engineering India, said, “I have been associated with Excon since its first edition, and this year has turned out to be the best edition ever. The premise is that the component is where technology is built for the equipment. The CE industry is likely to grow by 15-20%, so the components industry will grow accordingly.”

Excon has emerged as an important platform for leading global and domestic construction equipment players to demonstrate their world-class technological prowess and capabilities, and to discuss and debate on the opportunities and challenges in creating world-class infrastructure. With the participation of almost all leading players in the 2017 edition, the CE Industry is geared up for facilitating faster and sustainable development of infrastructure and related sectors in India. The Government of Karnataka was the Host State and the Indian Construction Equipment Manufacturers Association (iCEMA) was the Sector Partner, supported by the Builders Association of India (BAI).
ICEMA Organizes Annual Session on CE Industry
The 2023 Annual Session of ICEMA (Indian Construction Equipment Manufacturers Association) focused on Innovation, Investment, Sustainability and Localization as key imperatives for growth and presented perspectives of industry experts. Union Road

Read more ...

CVF Off Highway Forum - Shaping the Future of Indian Off Highway Equipment Markets
The highly anticipated CVF Off Highway Forum set to take place on August 24th, 2023, at Eros Hotel, New Delhi, will provide a platform for industry professionals to exchange ideas, explore collaborations, and drive innovation. This event will bring

Read more ...

First edition of Construction Tradeshow ‘Gujarat CONEX 2023’ to be held from 21st to 23rd September
Gujarat CONEX 2023, an international trade fair for Construction Machinery, Building Materials & Machines, Mining Machines, and Construction Vehicles is being organized by K and D Communication and Messe Muenchen India in collaboration

Read more ...

CSIR - CRRI Organises ‘One Week One Lab’ Campaign Highlights Waste to Wealth Initiatives
CSIR - CRRI (Central Road Research Institute) hosted a week-long celebration across four major cities - Delhi, Hyderabad, Odisha, and Shillong, during 16 July to 22 July, that showcased the technological breakthroughs and innovations of the CSIR

Read more ...

NATCON 2023 - Fostering knowledge exchange, collaboration, and innovation within the construction sector
ACCE(I) - the Association of Consulting Civil Engineers (India) recently organized NATCON 2023 (National Convention of Civil Engineers), a conference titled ‘Building Tall and Resilient’ hosted by the Hyderabad Centre. The event witnessed an overwhelming

Read more ...

Thermax Construction Chemicals hosts गपशप 2023
Thermax Construction Chemicals hosted an innovative forum in the construction space on June 8, 2023, bringing together numerous professionals, industry leaders, and distinguished guests at The Westin in Koregaon Park, Pune. The event served as an

Read more ...

Niftylift’s HR17E wins HAE Product of the Year
The Hire Association Europe (HAE) runs the Hire Awards of Excellence, which took place on 22 April, 2023 at the Grosvenor House in London. The awards celebrate the achievements of hire and supply companies across UK’s plant, tool, equipment, and event

Read more ...

Fintech and Data Analytics to enable Future-Ready Financing Ecosystem for CE & Infrastructure: ICEMA
ICEMA (Indian Construction Equipment Manufacturers Association), an affiliate body of CII, organised the 4th Annual Finance Conclave in New Delhi, based on the theme ‘Bringing a Paradigm Shift in Financial Eco-system: Digitalisation and Beyond

Read more ...

CICEE 2023 - Showcases China’s Manufacturing Strength to the World
As one of the top global events in terms of reputation, influence, and industrial driving force, the third Changsha International Construction Equipment Exhibition (CICEE) kicked off on 12th May 2023 in the Changsha city of Hunan province. It showcased

Read more ...

Technology Days at WIRTGEN GROUP, Pune
The Wirtgen Group hosted over 1200 customers, dealers, and business partners at a mega event dubbed ‘Technology Days’, which was held at their Pune manufacturing facility from 13th to 15th April, 2023. The event was based on the theme: ‘The Future

Read more ...

CONEXPO-CON/AGG - Reveals the Future of Construction
CONEXPO-CON/AGG 2023 emphasizes how the construction industry is evolving and adapting to technologies, products, and sustainable practices. Attendees saw sustainability in action, from electric and hydrogen powered construction equipment

Read more ...

VDMA organizes Emo Hannover Machine Tools Roadshow
VDMA organized a roadshow in Delhi in association with the German Machine Tools Builders Association and Hannover Messe AG to promote the EMO Hannover, Machine Tools Expo, slated to take place between 18-23 September 2023 at Hannover

Read more ...

Spotlight on Sustainable Technologies at bauma CONEXPO India 2023
The sixth edition of bauma CONEXPO India closed on a high note with the launch of 25+ electric and hybrid heavy machines, 10,000+ product displays, insightful conferences and technical sessions, and an exciting line-up of next-generation technologies

Read more ...

World of Concrete - at Las Vegas Returns with Strong Attendance
Concrete professionals kicked off the year with the well-attended 49th annual event that focused on product innovations, environmental impacts, and raised record-breaking auction funds for educational programs. Informa Markets’ World of Concrete, the

Read more ...

2023 CICEE Spring Symposium in Beijing
On January 15, 2023, the Organizing Committee of Changsha International Construction Equipment Exhibition (CICEE) held the 2023 Spring Symposium in Beijing. Representatives and experts from national business associations such as the China Construction

Read more ...

MRAI hosts 10th edition of IMRC
IMRC 2023 puts spotlight on domestic scrap shortage, recycling parks, and solutions for boosting India’s circular economy. Material Recycling Association of India (MRAI hosted the 10th edition of the International Indian Material Recycling Conference from

Read more ...

Production Linked Incentive (PLI) scheme critical for growth of Construction Equipment Manufacturing in India
Indian Construction Equipment Manufacturers Association (ICEMA) organised the first-ever CE Manufacturing Summit on 2nd December at Hotel Le Meridien, New Delhi, with the theme “Towards Making India a Global Manufacturing Hub for CE”. The day-long affair

Read more ...

ISEE Expo concludes with a vision for India to become a global manufacturing hub for the elevator and escalator industry
The International Sourcing Exposition for Elevators & Escalators (ISEE) successfully concluded in Mumbai on December 3rd, 2022. The expo, organized by TAK Expo Pvt Ltd, featured over 150 international and domestic exhibitors showcasing the latest technology in elevators

Read more ...

ICACI unveils Modern Trends in Construction Technology
The two-day conference on ‘Modern Trends in Construction Technology’ hosted by the India Chapter of American Concrete Institute’s (ICACI) was a resounding success. It brought together India’s leading technocrats on a single platform to present, discuss

Read more ...

bauma Munich 2022 Showcases Industry’s Power to Innovate
With around 3,200 exhibitors from 60 countries, and over 495,000 visitors from ~200 countries, bauma Munich 2022 exceeds Industry expectations. Bauma Munich - the world’s leading trade fair for construction machinery, building material

Read more ...