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Construction Industry is a Key Driver for Economic Development India’s ‘EXCON 2019’ in December

COLOMBO | Monday October 21, 2019 | NewsLanka | by Claude Gunasekera | “In any country, performance of the construction industry is often considered as a positive indicator of economic development and adopting the best innoative solutions will revolutionize the industry. The Infrastructure Sector is a key driver particularly for the Asian Economy. The sector is highly responsible for propelling Asia’s overall development and enjoys intense focus that would ensure time-bound creation of world class infrastructure” said Suja K Menon, Head of Economic and Commercial Affairs, High Commision of India in Colombo at the EXCON Roadshow held at Taj Hotel Colombo today. She made an open invitation to all in the Sri Lankan constction industry to visit the the largest construction equipment exhibition in South Asia ‘EXCON 2019’ scheduled to be held from 10-14 December this year at Bangalore International Exhibition Centre, Bengaluru India. She said those engaged in the construction industry in Sri Lanka will immensly benefit from this 3 day event as it offers a wide range of knowledge sharing opportnities and will introduce latest technology and innovative solutions at the event.  

Speaking at the roadshow Jaideep Shekhar Executive Committee Member of Confederation of Indian Industry (CII), India’s Apex Industry Association and Managing Director, Terex India Private Ltd said India plans to grow at 8 per cent in the infrastrcture sector annually to become a $5-trillion economy by FY25 and he said that Indian government is offering US$ 11.5 billion for road transport and highway to construct 65,000 km of highways by 2022. The Airports Authority of India aims to bring around 250 airports under operation across the country thus creating mega constrction opportnities. He said Sri Lankan contractors also could bid for these projects. Shekhar also said that India’s sustainable development requires investment worth of US $ 777 billion (Indian Rs.50 trillion) infrastructre by 2022 and the Government of India has given a massive push to the infrastructure sector by allocating US$ 63 billion with initiatives like ‘Housing for All’ and ‘Smart Cities Mission’.  In addition US$ 2.63 billion has been allocated to Pradhan Mantri Gram Sadak Yojana (PMGSY) for development of roads in rural and backward areas of the country. The Indian Railways also received allocation of US$ 9 billion. The metro rail projects worth over $7 billion is also underway he said.

More than 1250 companies including 350 from abroad with 10 Country Paillions will showcase their products and 50,000 plus business visitors are expected to patronise the event said J.I. Mahesh Kumar General Manager Confederation of Indian Industry (CII) the organisers of the exhibition. In addition to a large number of Companies from India and China, several other suppliers and manfacturers from USA, UK, Germany, France, Italy, Switzerland, Japan, Singapore, Turkey, Finland, Ukrain and UAE have confirmed their participation. He said the event will showcase best equipment and technology available for modern infrastructure creation.  

Meanwile Schwing Stetter India a leading constrction equipment manfacturer in India will introdce a range of new machines all set to revolutionize the landscape of the construction and mining industry in Asia along with a range of exclusive high capacity, high volume “Sludge Pumps and Muck Pumps” said its Managing Director V.G. Sakthikumar.

The previous (9th) edition of this biennial initiative organised in 2017 featured 918 exhibitors including 226 exhibitors from abroad and was spread over an area of 26,00,000 square feet with the attendance of 55,224 business visitors including Sri Lanka said Mahesh Kumar.

Dhara Wijayatilake. Chief Executive Officer / Secretary General of The Ceylon Chamber of Commerce said the chamber will facilitate all Sri Lankans who wish to visit EXCON exhibition.

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of constrction industry, with 66 offices, including 9 Centres of Excellence, in India, and 10 overseas offices in Australia, China, Egypt, France, Germany, Singapore, South Africa, UAE, UK, and USA, as well as institutional partnerships with 355 counterpart organizations in 126 countries. The Ceylon Chamber of Commerce is the affiliate partner in Sri Lanka. CII serves as a guiding arm for constrction industry for local and international business community and is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role.

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