CII’s Excon to boost construction equipment industry
The 11th edition of EXCON, South Asia's largest construction equipment and construction technology trade fair, will be held at the Bangalore International Exhibition Centre (BIEC) from May 17 to 21 to boost construction equipment industry, according to the Confederation of Indian Industry (CII). The fair has grown to become one of the largest global events in the industry, in line with the industry's growth. The alignment of its theme Building India for a New World–Competitiveness, Growth, Sustainability and Technology will be one of the key elements that will receive increased attention this year. It will reflect on the exhibition's theme elements, with a particular focus on the Centre's Atma Nirbhar Bharat initiative. Among the highlights are a special focus on alternative fuels, women in infrastructure, finance plaza, and sustainability, as well as the Ministry of Micro, Small and Medium Enterprises (MSMEs) and digital transformation. Over 1000 exhibitors, including 400 companies from participating countries such as China, Finland, Germany, Italy, South Korea, Turkey, the United Kingdom, and the United States, will attend the five-day international exhibition, which will be held over a display area of 3,00,000 sq m. Deepak Shetty, Chairman, Excon 2021 and MD, JCB India said that EXCON is taking place at a time when the economy is transitioning to a New India, and there is renewed confidence among industry players in the economy's revival, owing to the government's robust policy measures and a major focus on infrastructure development. The Indian CE industry, as the world's third-largest market, currently holds a prominent position in the global CE landscape, according to Dimitrov Krishnan, Co-Chairman, EXCON 2021, and President, Indian Construction Equipment Manufacturers' Association (ICEMA). With a market size of $25 billion by 2030, the Centre's ambitious Rs 111 lakh crore National Infrastructure Pipeline bodes well for the Indian Construction Equipment industry to become the world's second-largest CE market. Image Source
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