India today is working towards becoming a $5 trillion economy in the next five years, as per the Central Government’s plans. It’s an ambitious target that can be achieved with investments to the tune of $777 billion in infrastructure by 2022 to create an environment of sustainable development. Currently, Indian economy is pegged at $2.8 trillion while the GDP is slated to grow at 5-6% in 2019-20 against a previous five-year low of 6.8%. Experts say that India would need to grow at 8% annually to reach its target. The push, analysts say, may come from the infrastructure segment with construction equipment manufacturers holding the potential to trigger robust growth.
It is in this sense that EXCON 2019, the largest exhibition of its kind focusing on the construction equipment industry, gains importance. Organised by the Confederation of Indian Industry (CII) with the support of the Indian Construction Equipment Manufacturers Association (ICEMA), the trade show will have close to 1,250 exhibitors as against 918 the last time. Of this, 352 are international participants as against less than 281 in the previous show.
Sandeep Singh, President, ICEMA, throws more light on the promise that EXCON 2019 holds forth. The promise is made all the more interesting because of the irrepressible spirit of the industry despite the ongoing global slowdown.
Excerpts:
How exciting will EXCON 2019 be in the face of the present economic slowdown?
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Denne historien er fra November 2019-utgaven av MOTORINDIA.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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