bC India vital given US$1 trillion infrastructure spend

The fact that India is, according to the Planning Commission of India, investing US$1 trillion in its infrastructure as part of the current 12-year plan (2012 to 2017), means that next year’s third edition of the 1260 bC India international trade fair for construction, building material, and mining machinery and construction vehicles will become an even more vital industry showcase event.

The 688 Bauma/3485 Conexpo show takes place from December 15 to 18, 2014 in the India Expo Centre in Greater Noida near Delhi, with the PCI quoted $1 trillion figure, twice as high as in the previous planning period, emphasising how India continues to be one of the most dynamic markets for the global construction machinery industry. In 2016 alone, market experts forecast the sale of around 80,000 units.

Organisers of bC India note that while growth in the Indian construction industry has slowed markedly in recent months, the long term the prospects are good. If economic growth is to be boosted across the subcontinent, then the transport system has to be expanded, the energy and water supply system improved, and capacity extended at ports and airports.

Backhoe loaders, bulldozers and mobile cranes have for many years been India’s best-selling machine types. However, analysts from 2444 Off-Highway Research expect that sales in backhoe loaders, which accounted for over 50% of all construction machinery sold in India in 2012, will lose ground in the coming years to bulldozers. These two machine types are expected to account for a good third of the Indian construction machinery market in 2016.

The last bC India, in February 2013 in Mumbai, attracted a total of 710 companies from 33 countries and more than 28,000 trade visitors.