With ‘Make in India’ promotion gaining grounds, Indian construction equipment industry is expected to grow to $5 billion by 2019-20.
“Events like EXCON (construction equipment expo) play a key role to position the country as part of ‘Make in India’ programme as a global hub for construction equipment manufacturing,” said Vipin Sondhi, Chairman, EXCON 2015 and Managing Director and CEO, JCB India Limited.
With a current size of $2.8 billion, the Indian construction equipment industry is expected to grow to $5 billion by 2019-20. The After sales spares market is about $800 million.
“The size of the industry is a major source of income and employment opportunity for SSI manufacturers and service providers, thus contributing substantially to economic growth,” said Sondhi.
Over the years, the scope and reach of EXCON has been growing and today, we see the greatest number of industry and visitor participation, making EXCON 2015 the biggest ever exhibition of construction equipment not just in India but also in South-East Asia.
The important feature of Excon 2015 is that all the players in the construction equipment space will be participating in the event combined with a record number of overseas companies.
About 22 countries will take part at EXCON 2015 — South Asia’s largest exhibition of construction equipment from November 25-29.
Sondhi, said country pavilions from China, Finland, Germany, Italy, South Korea, Spain, Turkey and the UK are being set up.
The expo will be held at the Bangalore International Exhibition Centre, Bengaluru with the theme on ‘Make India - Building Infrastructure, Building the Nation’, the eighth-edition of the event for the construction equipment industry will see the participation of over 800 exhibitors including 270 overseas companies.
EXCON 2015 this year is spread across 2,20,000 square metres of display area. The 5-day exhibition will witness over 200 product launches and would attract more than 35,000 business visitors from across the globe.
Nitin Gadkari, Union Minister of Road Transport and Highways and Shipping, will be the chief guest and inaugurate the Excon 2015 Exhibition at BIEC.