Construction Equipment Industry Targets over 15% Year-on-Year Growth in the Next 5 Years

Chennai, 3 November:  The Confederation of Indian Industry (CII) organised a city-based roadshow today to announce EXCON 2023. This event witnessed the participation of leading names from the  industry, government, and stakeholders from the infrastructure and construction equipment sector. 

EXCON, South Asia's largest exhibition for construction equipment, organized by the Confederation of Indian Industry (CII), is scheduled to be held from December 12 to 16, 2023, at the Bangalore International Exhibition Centre in Bengaluru. The CE industry’s promising outlook and the anticipation surrounding Excon 2023 are clear indications that the sector is poised for remarkable growth in the coming years.

EXCON is poised to propel India to become the 2nd largest and fastest growing construction equipment market in the world by 2030.  With a strong focus on policy reforms, India is currently undergoing a rapid and transformative expansion of its infrastructure, spurred by increased government spending on various infrastructure projects.  All these positive measures would help India to achieve this great milestone.

The event will spread over 30 lakhs sq. ft of display area and is expected to attract over 1200 exhibitors from India & abroad including countries like the USA, UK, France, Germany, Italy, UAE, South Korea, Singapore, Turkey, Sri Lanka, Romania & Czech Republic. The 5-day exhibition would attract over 80,000 business visitors from all over the world.  The Government of Karnataka is the Host State for EXCON 2023.

Commenting on this, Mr Sakthi Kumar VG, Member, EXCON 2023 Steering Committee & Managing Director, Schwing Stetter (India) Pvt  Ltd said, "We are excited to present the Twelfth Edition of EXCON, embracing the theme "Building India's Tomorrow".  In 2023, the construction industry is on the cusp of a technological revolution, driven by several key innovations. Generative AI, an advanced technology, is optimizing the design process, generating highly efficient and innovative designs.. Technology plays a pivotal role in facilitating gradual expansion and improving efficiency in the sector. Moreover, the Construction Equipment industry is positioning itself for remarkable growth, targeting over 15% year-on-year increase in the next five years. This ambitious goal underscores their commitment to providing the cutting-edge machinery and equipment needed to support the industry's transformation, ensuring that construction projects across the nation are not only innovative but also executed with enhanced efficiency, precision with focus on sustainability.

India's economic progress is closely linked with the infrastructure sector's vitality, which has garnered significant government focus. Demonstrating a strong commitment to this cause, the government has earmarked a substantial allocation of Rs. 10 lakh crores, equivalent to an impressive US$ 130.57 billion, to strengthen this sector. The government has recognized the immense size and potential of technology within the construction landscape. As part of a technology sub-mission under PMAY-U, they have identified 54 innovative global technologies, heralding the dawn of a new era in the Indian construction technology sector. This initiative is expected to pave the way for a more inclusive roadmap for all stakeholders.

This theme encompasses the core principles of Technology, Globalization, Sustainability, and Inclusivity. EXCON 2023 is more than just an event; it serves as the driving force behind India's continuous progress, symbolizing our robust infrastructure development and solidifying India's prominent position as a global hub for construction equipment manufacturing”.

EXCON 2023 boasts a multitude of highlights, including an exclusive focus on Alternate Fuels, AI Pavilion, Aatma Nirbhar Bharat, Skills, Women operating construction equipment and machinery, Conferences on Defence & Paramilitary, Green Construction focusing on Sustainability, AI & IOT, and Automation in the Construction Engineering Sector, among others.

Mr. Unnikrishnan, AR, Chairman, CII Chennai Zone & Managing Director, Saint Gobain India Pvt Ltd, said, "As the heart of Tamil Nadu's industrial landscape, Chennai stands as a beacon of progress and a testament to the power of infrastructure development. The city has become the preferred destination for  auto majors, with over 10 of them having their manufacturing facilities in Chennai.  This success story is no accident; it's the result of a concerted effort to create world-class infrastructure that fosters innovation, facilitates growth, and nurtures investment. As we come together under the EXCON banner, we acknowledge the fundamental significance of infrastructure in moulding our collective destiny. We extend a warm invitation to the pioneers of the construction equipment sector to join us on this path of transformation. Our joint objective is not merely to exhibit cutting-edge technologies but also to advocate for economically viable solutions that will propel our city and its residents to new heights”

Excon 2023 goes beyond being a mere event; it serves as a dynamic catalyst driving India towards continuous progress. Its mission is to epitomize our robust infrastructure development, solidifying India's prominent global position in the construction equipment manufacturing sector."

EXCON serves as a dual-purpose platform, offering opportunities for both marketing and education to all stakeholders. Government officials and senior bureaucrats have leveraged it as an educational forum for multiple departments, including Public Works Departments (PWDs) and Civil Engineering Departments, private contractors, builders, road and infrastructure developers, smart city and urban planning experts, the army, and Border Roads Organizations. This platform enables them to observe the latest displays of technology, equipment, and machinery, facilitating the nation's accelerated infrastructure development requirements.

The event will highlight leading construction equipment manufacturers as they showcase the adaptability of their machinery and the advancement of construction technologies. Of utmost significance, these exhibitors will present economical solutions aimed at accelerating project execution for builders and contractors, placing a strong emphasis on upholding standards of quality, safety, and environmental sustainability.

Some of the prominent organisations participating at the event include JCB, BKT, Caterpillar, Imperial Auto, Jindal Steel & Power, Gulf Oil, Kobelco, KYB, Larsen and Toubro, Puzzolana, Sany, Schwing Stetter, Syemco, Tata Hitachi, Ammann, Case, Doosan, Epiroc, Fiori, GNU, Nail Stone, Hyundai, ITR, Liebherr, Propel, Rockcut, Walvoil, Wipro, Yuken India besides OEMs, Components manufacturers and other allied industry organisation.

The Indian Construction Equipment Manufacturers' Association (ICEMA) is the sector partner for EXCON 2023.  Infrastructure Equipment Skill Council (IESC) and the Builders Association of India (BAI) are supporting partners.

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