Thursday, June 13News That Matters

Indian CE Industry poised for $25 billion growth by 2030

Mr Nitin Jairam Gadkari to Inaugurate CII EXCON 2023
Indian CE Industry poised for $25 billion growth by 2030
15 Countries to participate at CII EXCON, South Asia’s largest construction
equipment trade fair to be held from 12 – 16 December at BIEC, Bengaluru
Bengaluru, December 11, 2023: Mr Nitin Jairam Gadkari, Minister for Road
Transport & Highways, Government of India will inaugurate CII EXCON – South Asia’s’
Largest Construction Equipment Trade Fair on 12 December 2023 at the Bangalore
International Exhibition Centre, Bengaluru.
The Government of Karnataka is the Host State for EXCON 2023. The Ministry of Road
Transport & Highways, The Ministry of Heavy Industries, Government of India and the
National Highways Authority of India (NHAI) are supporting partners to the event. The
Indian Construction Equipment Manufacturers’ Association (ICEMA) is the sector
While addressing the media in the city, Mr. Dimitrov Krishnan, Co-Chairman,
CII EXCON 2023 said, “We are excited to present the 12th Edition of EXCON, with the
theme, “Building India’s Tomorrow” encompassing the fundamental pillars of
Technology, Globalization, Sustainability, and Inclusiveness. EXCON 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, he added. EXCON is celebrated
as the Construction Equipment Festival of India, he further added.
The Construction Equipment industry made a remarkable resurgence in the fiscal year
2022-23, achieving an impressive 26% growth. This outstanding performance propelled
total sales to surpass the one lakh milestone, firmly establishing India as the world’s third-
largest CE market.
“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, and precision with a focus on sustainability”, he further added.
Mr. Vijaykrishnan Venkatesan, Chairman, CII Karnataka said, “Karnataka is emerging
as a vibrant manufacturing hub in the country. To increase the GSDP, the Karnataka
Government is introducing new initiatives to bolster the manufacturing sector and
increase the share of exports from Karnataka. EXCON will demonstrate the
manufacturing potential of the State with the large presence of OEMs and components
industries participating in EXCON.
Concurrent to EXCON, CII will be organizing series of Conferences spanning over 5 days,
which includes Conference on Atmanirbhar Bharat (CE Manufacturing); Conference on
Women in Infrastructure; CEOs Roundtable Session; Seminar on ‘Components’; Italy
Meets India – Session on CE Industry; Session on Academia; Conference by BAI and
Session on Components.
As a new initiative this year, EXCON will have an exclusive Finance Plaza with the
participation of leading financial institution making it a one stop shop for all financing
needs of customers visiting EXCON.
A Special Initiative this year, CII will launch the “Women Building India” – Equal
Opportunity Awards. The award aims to recognize companies from the infrastructure
sector who have taken proactive steps to enable women to participate in the workforce.
Another important focus at EXCON is the showcase of green and Innovative technologies
through an exclusive Pavilion Sustainable Power Solutions. The pavilion will feature
cutting-edge technologies, ranging from electric, hybrid and alternate fuels powered
machinery to state-of-the-art equipment specifically designed to curtail emissions and
bolster energy efficiency.
The Pavilion on AI, IoT & Automation would focus on next gen technology, smart
Automation, Technology and Innovation
Key dignitaries participating at EXCON includes; Mr Nitin Gadkari, Hon’ble Minister of
road Transport & Highways, Government of India; Dr Mahendra Nath Pandey, Hon’ble
Minister for Heavy Industries, Government of India; Mr D K Shivakumar,   Deputy
Chief Minister of Karnataka; Mr Sanjeet Singh, Senior Advisor, Niti Aayog; Lieutenant
General Raghu Srinivasan, Director General, Border Roads Organisation; Lieutenant
General Arvind Walia; Engineer in Chief, India Army; Mr Azim Premji, Founder
Chairman, Wipro Ltd; Mr Chandrajit Banerjee, Director General, CII; Mr Vivekanand
Vanmeeganathan, President, ICEMA , among others.
EXCON will spread over 32,00,000 square feet of display area and will have a
participation of over 1000 exhibitors including 100 from overseas. Overseas countries
participating includes; Austria, China, Czech Republic, France, Germany, Italy, Romania,
Russia, South Korea, Spain, Sri Lanka, Turkey, United Arab Emirates, United Kingdom
and the United States of America. Besides this, there will be 5 Country Pavilions from
France, Germany, Italy, Turkey and UK. The 5-day exhibition would attract over 80,000
business visitors from all over the world.
Infrastructure Equipment Skill Council (IESC) and the Builders Association of India (BAI)
are supporting partners for EXCON 2023