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Today Date : Monday, June 24, 2024

Construction Equipment Industry targets over 15% Year-on-Year Growth  in the next 5 Years

Construction Equipment Industry targets over 15% Year-on-Year Growth in the next 5 Years

The Confederation of Indian Industry (CII) organised a city-based roadshow  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. 

Commenting on this, Mr Sakthi Kumar VG, Member, EXCON 2023 Steering Committee & Managing Director, Schwing Stetter (India) Pvt  Ltd said, "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".

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.”

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.

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.