EXCON to be held in Bengaluru from May 17 to 21
Several Sri Lanka companies and industry stakeholders will participate in South Asia’s largest Construction Equipment & Technology Global Exhibition and Conference EXCON scheduled to be held between May 17 to 21 at the Bangalore International Exhibition Centre, Bengaluru.
The 11th edition EXCON, Hosted by Confederation of Indian Industry (CII) has been playing a pioneering role in facilitating accelerated development of Infrastructure in India and its neighboring countries.
“Today most of the large global construction equipment manufacturers have their manufacturing facilities in India. With the high freight cost EXCON is the ideal venue for Sri Lankan companies to visit, select and purchase these equipment which are of world class and with quicker delivery time and less freight cost,” an official from CCI said.
The key features of EXCON 2022 include Largest Construction Equipment Exhibition in South Asia with 2,80,000 sq.meters of exhibition display area, 100+ exhibitors (both national and international), International participation from France, Germany, Italy, Singapore, South Korea, Sri Lanka, Turkey, UAE, UK and USA. In addition the event will attract over 50,000 plus Business Visitors.
The event is also supported by National Highways Authority of India (NHAI); Indian Construction Equipment Manufacturers Association (ICEMA) and the Builders Association of India (BAI). EXCON will also have several new product launches of latest equipment and technology especially on Artificial Intelligence, Alternate Fuels, Finance Zone and Start-ups.
There will also be several Industry related conferences hosted by both local and foreign experts in related industries.
“The Government of India is expected to invest highly in the infrastructure sector; mainly highways, renewable energy, and urban transport. “Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development and Sri Lankan companies can also look at opportunities in this segment.”
Infrastructure sector is a key driver for the Indian economy and the sector is highly responsible for propelling India’s overall development and enjoys intense focus from the Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country.
In April 2020, the Government set a target of constructing roads worth Rs 15 lakh crore (US$ 212.80 billion) in the next two years. The Indian energy sector is expected to offer investment opportunities worth US$ 300 billion over the next 10 years.
(SS)