EVENT PREVIEW
INDIAN EVENT SET TO BENEFIT FROM RECOVERING MARKET
international trade fair for construction machinery, building material machines, mining machines and construction vehicles will take place from November 3 to 6, 2020 in Gurgaon, New Delhi. Around 700 national and international companies will use the 195,000m2
T
he preparations for Bauma Conexpo India are in full swing: the
of exhibition
space to present machines, vehicles and equipment for the Indian market, which seems to be slowly recovering. According to government announcements and expert forecasts, this year’s event will encounter a generally favourable market environment. After a difficult year in 2019, when sales of construction and building material machinery fell to 80,000 units, experts at the market research institute Off Highway Research anticipate a significant upturn in the coming years: machine sales are expected to increase to up to 120,000 units by 2023. India’s role as a regional export hub is also of great importance.
According to recent statements
by Nitin Gadkari, Minister of Road Transport and Highways, India plans to make massive investments – namely US$1.4 billion – in infrastructure measures again in the coming years. The money is to be used primarily for the construction of roads and waterways as well as airports, ports and smart city projects. As a result, Gadkari expects construction equipment sales to increase by up to 40%. Bauma Conexpo India could also
benefit from a recovering Indian construction industry that is slowly picking up speed. Bhupinder Singh, CEO of bC Expo India., is optimistic about the market: “The government
INDEX OF ADVERTISERS
BASF Dynaset Endress + Hauser Flender Genesys Hard-Line Hilliard Brake Systems Liebherr Martin Engineering Miniveyor Nasaco
54
www.engineerlive.com
37 29 24 5
53 IFC 13 21 42 42 53
NETZSCH Pumpen Normet OPSIS Padley & Venables Rexroth Richwood Righton Blackburns Seal Saver Welding Alloys Group Xcentric Ripper XORE
48
34/41 27 29
OBC 48 33 39 IBC 23 34
has several projects that are underway, and these planned projects will help create a surge in the heavy construction equipment market. Bauma Conexpo India 2020 will play a pivotal role in giving impetus to the regressing business and providing a platform for national and global players to demonstrate their brand, products and services.” For the European
construction machinery industry, CECE Secretary General Riccardo Viaggi encourages his members to use the event to take the step to India: “Bauma Conexpo India is of great importance for CECE members. It offers a unique opportunity to connect European companies to the Indian market and vice versa. Indeed, CECE member companies see India as a great opportunity in terms of increased sales, also thanks to the continued investment in infrastructure at state and federal levels.”
For more information visit
www.bcindia.com
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