Excon positions India as global CE manufacturing hub

Excon 2017
Confederation of Indian Industry (CII) recently organised Excon 2017 – South Asia's largest construction equipment exhibition from 12th to 16th December, 2017, at the Bangalore International Exhibition Centre (BIEC), Bengaluru. With a gross display area of 2,50,000 sq.m., the 5-day international exhibition would have 925 exhibitors including 275 companies from abroad. The event attracted over 40,000 business visitors from across the globe. Anant G Geete, Hon'ble Union Minister for Heavy Industries and Public Sector Enterprises, was the Chief Guest at the Inaugural Session. 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 also addressed the inaugural session, amongst other dignitaries.

Speaking at the inaugural session, Mr. Anant G Geete said, "Under Prime Minister Modi's leadership, the NDA government is trying to pave the way to lead India as a developed nation. In all these efforts, 'Make in India' is a pivotal initiative especially in the heavy industry sector. While we want foreign players to invest in India, our focus is also to encourage Indian companies to invest and grow in India. I am confident that the government will support all companies to make PM's vision of 'Make in India' a successful one. The constitution of equipment makers have good opportunities as there is phenomenal investment being experienced in the Infrastructure sector and we have also launched a slew of schemes to promote the capital goods industry. In the coming years, around Rs.7-8 lakh crore is expected to be spent."

Adding to this, Mr. Amitabh Kant, CEO, Niti Aayog, said, "I envisage the construction sector as one of the biggest 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. In the next five decades we aim to do very compact and dense urbanization as compared to what we have done in the last 5,000 years. 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 sector. If India's ambition is to grow 9-10%, the construction sector must grow at nearly 50%each year. Our objective in the government is to provide the right ecosystem to enable the sector to grow and expand in a much better way. Therefore, we have taken a vast number of measures, providing ease of doing business.

Ms. Shobana Kamineni, President, CII, said, "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".

Mr. Arving Garg, President, iCEMA, Mr. Hari Sankaran, Chairman, CII National Committee on Infrastructure and PPP, and Mr. Kamal Bali, Chairman, CII Karnataka State Council also spoke. The inaugural session was then followed by an Infrastructure Summit organized by CII which deliberated on the opportunities in infrastructure development through Public Private Partnership (PPP). ACEO's Round Table Session was also organized which witnessed participation of leading global and Indian CEOs in the infrastructure and construction sectors.

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

"We are entering into the 9th edition of the EXCON, which has a 17 year strong legacy being organized since 2000. With each passing edition, the EXCON has witnessed immense growth both in quality and participation. EXCON 2017 has witnessed a 16 per cent growth in terms of number of exhibitors compared with the 2015 edition. The highlight of this edition is the enhanced participation of overseas companies from over 20 countries. There will also be country pavilions including leading economies like Germany, Italy, China, South Korea & United Kingdom."

As part of EXCON, CII organized an Infrastructure Summit, which deliberated on the opportunities in infrastructure development through Public Private Partnership. A CEOs Round Table Session is also organised with participation of leading global and Indian CEOs in the infrastructure and construction sectors. A CII-ICEMA Report on Indian Construction Equipment Industry was also released during the Inaugural Session. Excon 2017 is aligned with the Indian Government's 'Make in India' vision and has emerged as an imperative platform to bring together leading global and domestic construction equipment players to demonstrate their world-class technological prowess and capabilities. The event will also provide an opportunity for participants to network; discuss and debate on the opportunities and challenges in creating world class infrastructure.

With the participation of almost all leading players in the construction equipment industry, the exhibition aimed at 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 and supported by the Builders Association of India (BAI).

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