Indian construction machinery exhibition planned

Plans are moving ahead for the bauma CONEXPO INDIA construction machinery exhibition.
Finance & Funding / March 6, 2020
By MJ Woof
A resurgent Indian market is expected to help boost the upcoming bauma CONEXPO INDIA exhibition

Preparations are said to be well in hand for the this year’s bauma CONEXPO INDIA exhibition. The International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will take place from November 3rd to 6th, 2020 in Gurgaon/New Delhi. Around 700 national and international companies will use the 195,000m2 of exhibition space to present machines, vehicles and equipment. The show comes at a time when the Indian market seems to be slowly recovering.
 
In addition to bauma CTT RUSSIA (May 26th–29th, Moscow) and bauma CHINA (November 24th–27th, Shanghai), bauma CONEXPO INDIA is the third event in the bauma NETWORK to be held this year. Instead of mid-December as previously, this year for the first time, it will take place at the beginning of November. The organisers—bC Expo India, Messe München and the Association of Equipment Manufacturers (AEM) expect this new date to further boost the event. The last bauma CONEXPO INDIA in 2018 attracted around 40,000 attendees.

According to government announcements and expert forecasts, bauma CONEXPO INDIA will encounter a generally favourable market environment at the end of the year. 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 in this context.

Nitin Gadkari, Minister of Road Transport and Highways, India said that the country plans to make massive investments of up to US$1.4 billion in infrastructure in 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 has several projects that are underway, and these planned projects will help create a surge in the heavy construction equipment market.”

For the European construction machinery industry, CECE Secretary General Riccardo Viaggi encourages his members to use bauma CONEXPO INDIA to take the step to India: “bauma CONEXPO INDIA—as part of CECE’s International Exhibition Partnership Programme—is of great importance for CECE members. The trade fair 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.”