The UAE-India Joint Working Group on Infrastructure Investments recently met to discuss investments from UAE institutional investors in infrastructure developments in India. In a significant move, the Abu Dhabi Global Market (ADGM) and the Confederation of Indian Industry (CII) also signed an agreement to jointly collaborate on initiatives that further bolster the business developments and opportunities between the two nations. Currently India is among the fastest growing economy in the world with a GDP growth rate at 7.9%.
But to sustain this growth, India needs to focus more on its infrastructure sector. According to the last union budget, the Modi government has committed to increase spending on total infrastructure investment by 22 percent over the next two years. Germany Trade & Invest (GTAI) in a recent report stated that expressway construction in India in 2016/17 is to be expanded to 15,000 km compared with 6,000 km the year before. British market research company Off-Highway Research envisages that approximately 55,000 construction machines is expected to be sold in India in 2016, thus climbing steadily to more than 71,000 units by 2020.
Being in the field of showcasing the best of construction equipment industry from around the world, and having held three editions of bC India in India, we are thrilled at the prospect India holds in years to come. In fact, keeping this very fact in mind, we have rebranded our construction equipment trade show to be held from December 12 to 15, 2016 as BAUMA CONEXPO INDIA. The format of this edition is more in line with what we do internationally under the same banner. The venue for the show is close to both the domestic and international airports in Delhi. BAUMA CONEXPO INDIA is being held at the HUDA Grounds located in Gurugram, near Delhi.
Expressing his delight at the response we have garnered till date, Mr. Igor Palka, CEO of bC Expo India, the organiser of BAUMA CONEXPO INDIA, said, “We are pleased to inform that big names like ACE, Ajax Fiori, Ammann Apollo, ASTEC, BAUER, BKT, Case, Caterpillar, Columbia Machines, Haulotte, Herrenknecht, JCB, Kobelco, KYB Conmat, Liebherr, Linnhoff, Liugong, Macons, MAN, Marini, Masa, Potain, Putzmeister, Puzzolana, Sany, Schwing Stetter, Soilmec, Topwerk, Wacker Neuson, Volvo, Wirtgen, and XCMG are participating at the 2016 edition.”
From the UAE we have Combifloat, Golf Scaffolding Factory / Perfect Steel, and Middle East Plant and Equipment participating at BAUMA CONEXPO INDIA 2016.
Even on an international level, the interest in the show remains unbroken as Mr. Igor Palka points out: “Joint booths from China, Germany, Italy, North and South America as well as Spain are already currently registered. A total of 28 countries will be participating at the event. That clearly shows how important BAUMA CONEXPO INDIA is for international companies.”
The venue is spread over a total area cover of 150,000 square meters. Located just 20 minutes away from the domestic and international airports, the venue offers visitors and exhibitors convenient access to the show. Some of the finest hotels ranging from high end to budget hotels are also at very close vicinity. These are also well connected by roads and public transportation as the. IFFCO Chowk Metro Station is just next to the grounds. The December expo is expected to showcase approximately 700 exhibitors and host around 30,000 plus business visitors.