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).

CCEA approves ₹33, 690-cr for urban infra in Mumbai

The Cabinet Committee on Economic Affairs, which spearheaded by PM, recently approved Phase-III-A of the Mumbai Urban Transport Project involving an investment of ₹33,690 crore and the project is expected to be completed in the next five years Read More ...

DMRC delivers DPR for ₹3,300-cr twin metro corridors

The Delhi Metro Rail Corporation (DMRC) has submitted revised project reports for the Noida-Ghaziabad twin metro corridors involving about ₹3,300 crore investment. As per the revised DPR for the two Blue Line Metro extensions, Phase-3 involves Read More ...

PFC fires ₹28,500-cr in water infra projects in Telangana

In an encouraging development, Power Finance Corporation (PFC) has recently agreed to extend funds worth ₹28,500 crore for twin water infra projects in Telangana, PFC Chairman Rajeev Sharma said adding that in the first case the PFC agreed in principle Read More ...

Konkan Railway gets ₹600-cr for tunnel project

The state government in Kerala has selected Konkan Railway Corporation to execute the Wayanad-Kozhikode tunnel road, an alternative to the ghat road connecting Kozhikode and Bengaluru through Wayanad for which the state government has already Read More ...

NHAI unveils four-lane highway project in TN

In a booster to economic and industrial growth in Tamil Nadu, NHAI has decided to build a new 45.85 km 4/6-lane national highway from Melur in Madurai to Karaikudi in Sivaganga district under the Centre‘s flagship Bharatmala project. The traffic Read More ...

Pune Metropolis gets ₹1,722-cr funding booster

The state government in Maharashtra has made a provision worth ₹1,722 crore for the Pune Metropolitan Regional Development Authority (PMRDA) of which ₹320 crore has been allocated for the town-planning schemes undertaken by the nodal agency Read More ...

Hines in JV launches ₹1,900-cr project in Gurgaon

The US-based Hines group has recently entered in a joint venture with DHDL, a subsidiary of the country’s largest realty builder DLF, to jointly build ₹1,900 crore in the real estate project in Gurgaon. In this connection late last year Read More ...

NHAI takes up four-lane highway widening works

In a bid to ensure smooth movement of vehicular traffic on the Mettupalayam Road (NH-67) from Perianaickenpalayam to Mathampalayam, the NHAI has recently taken up the four-lane expansion work. The work on the 6.1km stretch for which an agreement Read More ...

GST Council offers two options for realtors

The GST Council in its recent decision has stated that real estate developers with unsold housing inventories can now choose either the old rate or the new one if the project is still under construction as on March 31. The decision also cleared Read More ...

NCR & MMR lead the way in affordable housing

According to ANAROCK Property Consultants' latest report 'Affordable Housing, the Delhi NCR and Mumbai Metropolitan Region account for 55% share of total 6 lakh affordable units launched across the top 7 cities in the country. NCR saw maximum supply Read More ...

ASK injects ₹326-cr in a real estate projects

Ensuring smooth flow of funds to the on-going real estate projects, ASK group via its private equity arm will invest ₹326 crore in housing projects being developed by QVC Realty, Tridhaatu and TVS Emerald. These projects are located in Mumbai Read More ...

Railway rolls out ₹894-cr cross-country bridge ventures

In order to avoid trains stopping at signals, the Indian Railways has decided to build 250 ROBs and RUBs at busy railway junctions identified across the country, and construction is set to start shortly. The ₹894.47 Read More ...

GDA goes for ₹649-cr Hindon-DND flyway project

Ghaziabad Development Authority has decided to build an elevated road starting from Hindon to Noida's DND flyway at an investment of ₹649 crore. Consultants hired for preparing a feasibility report, have recommended Read More ...

New policy to resolve ₹30,000-cr stalled NH projects

In a bid to unlock the money of lenders and private players, including the crisis-hit ones, the transport ministry has unveiled a policy for resolving stalled highway projects worth ₹30,000 crore. Agencies such Read More ...

Shapoorji Pallonji wins 7 Awards from CIDC

Shapoorji Pallonji's Engineering & Construction (SP E&C) Division has won 7 Achievement Awards for Construction Health, Safety & Environment (CODE – I). The Organization was recognized by the Construction Read More ...

Eicher Trucks & Buses Plans to Expand its presence in the African Market

Eicher Trucks and Buses commemorated the long-standing association with the Africa region with its participation at the 14th edition CII- EXIM Bank Conclave on India Africa Project Partnership at Taj Diplomatic Read More ...

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture

Lifting & Specialized Transport

Lifting & Specialized Transport

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week