India’s construction equipment industry, which is considered the third largest in the world, is expected to overtake the US by 2030 due to current demand, say industry leaders. Currently, only China and the United States are ahead of the country in terms of market size and size.

Addressing the media on the eve of Excon, the largest event in the construction technology industry in South Asia, which will begin on May 17, Deepak Shetty, Managing Director of JCB (India), said: “We will be the second largest market,” said Shetty, who is also chairman. excan. He added that the event will be a targeted platform for the construction equipment and components industry, bringing more awareness to all stakeholders about the latest developments, which will enable the adoption of world-class technology for rapid implementation of infrastructure projects in the country.

The Excon event covers 3,000,000 square feet of exhibition space with more than 800 exhibitors from India and abroad, including Belgium, the Czech Republic, France, Germany, Italy, South Korea, Spain, Sri Lanka, the UAE, the UK and the US. . The 5-day exhibition is expected to attract more than 40,000 business visitors from around the world, organizers said. Basawaraj Bomai, Chief Minister of the State of Karnataka and General (retired) VK Singh, Minister of State of the Union of Road Transport, Roads and Civil Aviation, will open the event, which takes place at the Bangalore International Exhibition Center, Bangalore.

“Excon will reflect on the thematic elements of the exhibition, as well as set the pace for Atmanirbhara Bharata in infrastructure development in the country. With a large OEM and a strong supply chain backed by a vibrant component sector, India is poised to become a global manufacturing and export hub for construction equipment, ”Shetty said.

Dimitrov Krishnan, co-chair of CII EXCON, added: “The Indian construction equipment industry can become a vital fulcrum by stimulating infrastructure growth and supporting related industries in achieving their growth goals. By maintaining a stable economic environment and a strong growth agenda pursued by the government, the Indian CE industry is poised for exponential growth in the next decade. ”

Simultaneously with EXCON, the CII will organize a series of sessions that includes a conference on infrastructure requirements for the armed forces. In addition, special attention will be given to artificial intelligence, the Internet of Things and automation in the construction sector in addition to green buildings and the environment, among others.

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