After a slowdown in road projects last year, the road construction sector in India has picked up in 2012. With the National Highways Authority of India (NHAI) awarding new projects under the public-private partnership (PPP) programmes and the their execution picking up, the Indian construction industry is looking at making up for lost time with a flow of funds and EPC (engineering, procurement and construction) contracts in 2012. The effect of the sudden surge in demand for construction machinery, building
After a slowdown in road projects last year, the road construction sector in India has picked up in 2012.
With the292 National Highways Authority of India (NHAI) awarding new projects under the public-private partnership (PPP) programmes and the their execution picking up, the Indian construction industry is looking at making up for lost time with a flow of funds and EPC (engineering, procurement and construction) contracts in 2012.
The effect of the sudden surge in demand for construction machinery, building material machines, mining machines and construction vehicles is being witnessed in the participation of Indian and global players at1260 bC India. The 688 Bauma/3485 Conexpo show expects to feature around 700 exhibitors and over 40,000 trade visitors from around the world (5-8 February 2013 at the Bandra Kurla Complex in Mumbai). Its 2011 premiere attracted 508 companies from 36 countries and 24,823 visitors from 71 countries.
Against this backdrop, the NHAI awarded about 4,375km of roads in the first nine months of 2012 as against 4,553km during 2011. The third quarter of 2012 saw about 1,898km of projects being awarded.
Notably, the new road projects are part of the Rs. 3 lakh crore (US$70 billion) National Highways Development Program (NHDP) aimed at developing 50,000km of national highways in seven phases by 2015. Event organisers says that as the market gears up to the sudden surge of new road projects, EPC contractors and construction equipment companies are struggling to maintain their order book growth.
The sector is showing increased interest in ready-made platforms that share technology updates in construction equipment from across the world. Indian and international construction equipment players are hence exhibiting at bC India 2013, to showcase their equipment and attract buyers from the Indian construction industry.
“Looking at participation at bC India, it is clear that new domestic companies are planning to make forays into road construction, and the Indian market will witness the entry of international companies,” says the organisers.
With the
The effect of the sudden surge in demand for construction machinery, building material machines, mining machines and construction vehicles is being witnessed in the participation of Indian and global players at
Against this backdrop, the NHAI awarded about 4,375km of roads in the first nine months of 2012 as against 4,553km during 2011. The third quarter of 2012 saw about 1,898km of projects being awarded.
Notably, the new road projects are part of the Rs. 3 lakh crore (US$70 billion) National Highways Development Program (NHDP) aimed at developing 50,000km of national highways in seven phases by 2015. Event organisers says that as the market gears up to the sudden surge of new road projects, EPC contractors and construction equipment companies are struggling to maintain their order book growth.
The sector is showing increased interest in ready-made platforms that share technology updates in construction equipment from across the world. Indian and international construction equipment players are hence exhibiting at bC India 2013, to showcase their equipment and attract buyers from the Indian construction industry.
“Looking at participation at bC India, it is clear that new domestic companies are planning to make forays into road construction, and the Indian market will witness the entry of international companies,” says the organisers.
