Explaining the positive response to bauma China 2010 he revealed that the effects of the global economic crisis on the construction machinery industry have varied in the different continents. Many Asian markets, led by China, have continued to grow. Similar development has been experienced by the Indian subcontinent, and also Turkey, for example.
As the organiser of bauma in Munich, which has been the leading trade fair for the international construction industry for five decades, we have succeeded in transferring our concept for success into the growth markets. And, taking individual market-specific factors into consideration, we have also implemented it successfully. The increasing number of Asian companies are showing interest in taking part in the trade fair in Munich since bauma China started, more Chinese companies than ever before registered for bauma 2010 in April. With 286 registered exhibitors, China is in third place behind Germany and Italy in the top ten statistics, so we can be very upbeat about the 2010 construction machinery fairs.
Taking a quick look at India and their expectations for bC India, taking place in Mumbai for the first time Egetenmeir said that bC India event is going to be a class event. India has developed into one of the largest economies in the world. Medium-term forecasts from the economic institutes even predict that India will be the third largest economy in the world after China and the US. However, according to experts, the deficits in the country's infrastructure are reducing the sharp rise in economic growth by about two percent per year. So the fact that India's Prime Minister, Manmohan Singh, is allowing for over one trillion US dollars of investment in the country's infrastructure in the 12th five-year plan is extremely welcomed (2012-17).
Messe München has made strategic decisions to organise events and trade fairs in countries where there is an appropriate demand. This has inevitably led to the most successful construction machinery fair in the world to the booming economic market of India. bC India, provides the ideal platform for international exchange in everything to do with construction machinery, building material machines, mining machines, construction vehicles and construction equipment. The fair is being organised as a joint venture with the Association of Equipment Manufacturers (AEM) from the US.
There is a huge demand for what bC India has to offer. With India, we have opened up precisely the right market for our construction machinery trade fair, said Mr. Thomas Loffler. We are at it to engage logistics experts to take care of transport problems, including easing transport corridor for the visitors to bC India, he said.
Mr. Loffler further added, we are expecting over 400 exhibitors from 20 countries over an area of 80,000 sqmt at Bandra Worli Exhibition Ground in Mumbai.