Indian construction equipment industry to grow 15% in next 5 years

The industry believes Technology plays a pivotal role in facilitating gradual expansion and improving efficiency in the sector.

Excon 2023

The Confederation of Indian Industry (CII) organised a city-based roadshow today to announce EXCON 2023, the 12th Construction Equipment and Construction Technology Trade Fair scheduled from December 12 to December 16, at the Bangalore International Exhibition Centre in Bengaluru.

The event will be spread over 30 lakhs sqft of display area and is expected to attract over 1200 exhibitors from India and abroad including countries like Austria, China, Czech Republic, France, Germany, Italy, Romania, Russia, South Korea, Spain, Sri Lanka, Turkey, United Arab Emirates, United Kingdom, United States of America. 

Deepak Garg, MD, Sany Heavy Industry India said, “We are excited to present the 12th Edition of EXCON, embracing the theme  ‘Building India’s Tomorrow’.  This theme encompasses the core principles of technology, globalisation, sustainability and inclusiveness. EXCON 2023 is more than just an event; it serves as the driving force behind India’s continuous progress, symbolising our robust infrastructure development and solidifying India’s prominent position as a global hub for construction equipment manufacturing.”

Generative AI, an advanced technology, is optimising the design process, generating highly efficient and innovative designs. Technology plays a pivotal role in facilitating gradual expansion and improving efficiency in the sector. Moreover, the construction equipment industry is positioning itself for remarkable growth, targeting over 15 percent YoY increase in the next five years. This ambitious goal underscores their commitment to providing the cutting-edge machinery and equipment needed to support the industry’s transformation, ensuring that construction projects across the nation are not only innovative but also executed with enhanced efficiency, and precision with a focus on sustainability.

India’s economic progress is closely linked with the infrastructure sector’s vitality, which has garnered significant government focus. Demonstrating a strong commitment to this cause, the government has earmarked a substantial allocation of Rs 10 lakh crore, equivalent to an impressive $ 130.57 billion, to strengthen this sector. The government has recognised the immense size and potential of technology within the construction landscape. As part of a technology sub-mission under PMAY-U, they have identified 54 innovative global technologies, heralding the dawn of a new era in the Indian construction technology sector. This initiative is expected to pave the way for a more inclusive roadmap for all stakeholders.

EXCON 2023 boasts a multitude of highlights, including an exclusive focus on alternate fuels, AI pavilion, Aatma Nirbhar Bharat, skills, women operating construction equipment and machinery, conferences on defence and paramilitary, green construction focusing on sustainability, AI & IOT, and automation in the construction engineering sector, among others.

EXCON serves as a dual-purpose platform, offering opportunities for both marketing and education to all stakeholders. Government officials and senior bureaucrats have leveraged it as an educational forum for multiple departments, including Public Works Departments (PWDs) and civil engineering departments, private contractors, builders, road and infrastructure developers, smart city and urban planning experts, the army, and Border Roads Organisations (BRO). This platform enables them to observe the latest displays of technology, equipment, and machinery, facilitating the nation’s accelerated infrastructure development requirements.

The event will highlight leading construction equipment manufacturers as they showcase the adaptability of their machinery and the advancement of construction technologies. Of utmost significance, these exhibitors will present economical solutions aimed at accelerating project execution for builders and contractors, placing a strong emphasis on upholding standards of quality, safety, and environmental sustainability.

Some of the prominent organisations participating at the event include JCB, BKT, Caterpillar, Imperial Auto, Jindal Steel & Power, Gulf Oil, Kobelco, KYB, Larsen and Toubro, Puzzolana, Sany, Schwing Stetter, Syemco, Tata Hitachi, Ammann, Case, Doosan, Epiroc, Fiori, GNU, Nail Stone, Hyundai, ITR, Liebherr, Propel, Rockcut, Walvoil, Wipro, Yuken India besides OEMs, Components manufacturers and other allied industry organisation.

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This article was first uploaded on November eight, twenty twenty-three, at thirty-four minutes past eight in the morning.
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