The Indian construction equipment industry registered a 14% quarter-on-quarter (QoQ) decline in sales in the first quarter of the cur-rent financial year (Q1 FY 2022-23), but things have changed gradually. Union Minister of Road Transport and Highways Nitin Gadkari had recently said in the Rajya Sabha that by 2024, road infrastructure in India will be similar to that of the United States. Nevertheless, the Indian construction equipment market size is projected to grow at a CAGR of 23.3% during 2021-27. The growth can be attributed to rising investment in the growing public and private infrastructure, FDI reforms for construction sector, and highway projects.
India’s growing economy has led to an overall surge in the construction equipment market of India. In addition, the government’s ambitious projects such as the Smart City, Bharatmala, Sagarmala, NIP, the Golden Corridor, Housing for All, Restructuring and Expansion of Railways, etc. will bolster growth of construction equipment during the forecast period.
The 6th international trade fair for construction machinery, building material machines, mining machines and construction vehicles, bauma ConExpo India 2023 will be held from January 31–February 3, 2023 at India Expo Centre, Greater Noida / Delhi NCR India.
Construction Week speaks to exhibitors to find out what’s in store for customers and visitors alike.
"OUR PATENTED TECHNOLOGY OF ISOTRACTION SURFACE ENHANCES TRACTION AND SAFETY FOR VEHICLES AND THE FOUR 3 CONNECTION REDUCES DRIFT & SLIPPAGE."
PRASANNA KUMAR
WHAT TO EXPECT
Esta historia es de la edición February 2023 de Construction Week.
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Esta historia es de la edición February 2023 de Construction Week.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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ASK PROPERTY FUND, KREEVA, AND SPRE COME TOGETHER For a residential project
ASK Property Fund, Kreeva (the real estate arm of Kanodia Group) and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment of Rs 270+ cr. Spread across 1.74 acres, the project shall generate top-line revenues exceeding Rs 1,200+ crore over the next five years.
SWREL BAGS GUJARAT SOLAR PV PROJECT Will include O&M
Sterling and Wilson Renewable Energy (SWREL) has received LoI for a new order totaling approx. Rs 1,200 crore in Gujarat.
HOW RICH PEOPLE ARE MAKING THEIR MONEY
Dr Prashant Thakur, regional director & head, research, Anarock Group, highlights some USPs
THE SURGE OF PLOTTED DEVELOPMENT IN REAL ESTATE
Rohit Cariappa, director, sales & CRM, Assetz Property Group, on some trends
BRIGADE CITRINE WILL BE INDIA'S FIRST NET-ZERO RESIDENTIAL DEVELOPMENT
Brigade Group has launched Brigade Citrine, a residential project that sets new benchmarks in sustainable living.
FAR-SIGHTED?
Industry veterans look into the crystal ball and voice their thoughts
TREADING CAREFULLY
Off-the-road tyres are not being taken lightly anymore
IN A LEAGUE OF ITS OWN
bauma ConExpo India 2024 held its own with cutting-edge technologies and innovations
INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry
