Excon likely to generate Rs 1,000 cr business

The third edition of Excon-2005, India's largest and the only focussed construction equipment and construction technology trade fair being held from November 30 to December 4 in Bangalore is expected to generate Rs 1,000 crore business.

Over 170 exhibitors will showcase their latest equipment and technology spread over 30,000 sq mts at the Palace Grounds. International delegations from UK, Italy, Korea and Spain are expected to attend the fair organised by the Confederation of Indian Industry (CII). A delegation from USA is also likely to visit.

The CEO session on November 30 will focus on prospects and opportunities in the Indian construction equipment industry. It will discuss outsourcing opportunity for construction equipment and manufacturing.

The conference on 'Showcase India - the outsourcing destination for construction equipment and components' on December 1 will present a road map to develop India as a construction equipment manufacturing and components outsourcing hub.

This will be followed by a seminar on 'financing and construction equipment' and a conference on 'construction systems and technologies' on December 2 and 3 respectively.

There will also be a live demonstration of construction equipment and machinery. A report on 'the construction industry in India' will be presented. It will lay out the roadmap for significant scaling up of exports of construction equipment and components from India and for transition of India as a major global construction and component manufacturing/sourcing hub.

Giving details of the event, Mysore Zone CII Chairman R Krishna told newsmen that price squeeze and cost pressures on global OEMs and suppliers in developed countries is the key factor to look at India as an outsourcing destination.

India with its strong process engineering skills and lower production costs is well positioned to attract global outsourcing needs. India, besides China, is the biggest growth market in infrastructure and construction with an estimated $200 billion investment in infrastructure in the next five years, making India amongst the largest construction equipment markets in the world.