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Our Bureau

Bangalore, Nov. 13 The fourth Construction Equipment and Construction Technology Trade Fair Excon 2007 opens here on Wednesday amidst the infrastructure sector getting a boost from the $390 billion investment projection made by the Eleventh Five-Year Plan.

The five-day exhibition cum conference, organised by the Confederation of Indian Industry (CII) in association with the construction equipment industry, will highlight the growth prospects in the infrastructure sector.

With the construction equipment sector registering 25 per cent growth in the last two years, the industry expects the momentum to pick up further pace with huge investments on various infrastructure projects in the pipeline.

However, the pace of implementation of the projects, largely dependent on the policies of the Government, particularly the mining and irrigation — the key growth drivers of the industry — will determine investments.

Briefing mediapersons on the event, Mr Vipin Sondhi, Chairman of Excon 2007 and Managing Director of JCB India Ltd, said the future outlook of investment in the industry could be predicted only after a clear picture on 11th Plan projection on infrastructure emerges.

The Excon 2007 will be inaugurated by the Karnataka Governor, Mr Rameshwar Thakur, and India’s largest construction equipment and technology trade fair will see five key countries — Germany, the UK, South Korea, Italy and China — taking the prestigious International pavilion participation status while representation from other countries in Europe and the US displaying their technology and solutions for the construction industry.

Mr S.K. Mittra, Co-chairman of Excon 2007 and Vice-President, Construction and Mining Equipment Business Unit, Larsen & Toubro Ltd, said with the construction sector growing at 7 per cent accounting for 6 per cent of the GDP and 38 to 40 per cent of the gross domestic investment, the equipment industry has great potential.

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