A leading integrated steel producer of the UAE has attracted attention of major Indian firms by showcasing its range of products at a three-day exhibition to attract exhibitors from overseas and India.
As part of its ongoing partnerships with large Indian entities, Emirates Steel participated in the Big 5 Construct India 2014 exhibition and attracted public and official visitors, including major Indian firms with interests in nuclear energy, oil & gas, construction, infrastructure and other sectors.
The Company showcased its product range including rebar, wire rod and heavy sections, it announced here yesterday.
"This is the second time we participate in Construct India. This exhibition was an important event as it offered us the opportunity to meet the largest private and public sector companies in India and to showcase all our range of products for visitors to view," said Engineer Ahmed S Al Dhaheri, Chief Commercial Officer at Emirates Steel.
"The Indian market is a strategic market for us and we will focus on strengthening our presence and supporting their growth plans," he said.
Construction industry is a major contributor to India's GDP and one of the largest employment generators, currently employing around 33 million people.
Current spending in the construction industry is over USD 150 billion and this is expected to increase significantly with the announcement of the 100 smart cities project, a statement said.
While the Indian economy grew by 5 per cent in 2013 as compared to 6.2 per cent in 2012, the construction industry grew by 5.9 per cent in 2013 against 5.6 per cent in 2012.
Analysts believe that India is poised to emerge as the world's 3rd largest construction market by 2020.
"We are looking at establishing strategic alliances with leading companies in India and we believe we have the state-of-the-art facilities, products and services, and highly-experienced and committed workforce to allow us to grab a significant market share in India's booming steel market," Dhaheri said.
