Strong interest in upcoming bC India show

The Indian construction market is bullish in the run up to the bC Indian show, being planned for December 15th to 18th, 2014. The event will be held in the India Expo Centre in Greater Noida, near capital Delhi and strong attendance is expected, especially since the country’s construction sector is seeing high demand for new equipment in response to a series of major new contracts and projects getting underway. One key investment is from the Airports Authority of India (AAI), for example, which is planning
April 11, 2014 Read time: 2 mins
The Indian construction market is bullish in the run up to the bC Indian show, being planned for December 15th to 18th, 2014. The event will be held in the India Expo Centre in Greater Noida, near capital Delhi and strong attendance is expected, especially since the country’s construction sector is seeing high demand for new equipment in response to a series of major new contracts and projects getting underway. One key investment is from the Airports Authority of India (AAI), for example, which is planning to invest a total of US$1.3 billion in the modernisation and maintenance of India’s airports between 2013 and 2017. This includes building 100 additional airports into operation by 2020. Significant expansion is also planned for other forms of transport: The Institute of Metro and Rail Technology announced recently that in the next 15 years around $16 billion will be invested in the rail and Metro network. This includes laying some 7,500km of new track. The markets relevant to 1260 bC India are also experiencing buoyancy: a report by 2444 Off-Highway Research on the construction machinery market has identified positive trends. For 2013 the forecast was for 7% growth, but for 2014 that has been raised 9%. These figures are one of the reasons why Ramesh Palagiri, managing director & CEO of 2395 Wirtgen India, is predicting renewed growth potential in India for the time after the elections, "The new central government is expected to be functional by June 2014, and we expect the bottlenecks in the infrastructure sector to be addressed on priority. This would result in accelerated growth of the construction equipment industry."

The bC India, International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles, takes place at the India Expo Centre in Greater Noida/Delhi. The last event in February 2013 in Mumbai attracted a Total of 710 companies from 33 countries and more than 28,000 trade visitors. Following two successful events in Mumbai, bC India is moving to Delhi for its next show.

For more information on companies in this article

Related Content

  • US market continues to climb
    April 11, 2013
    A comment often heard at the recent World of Asphalt/World of Aggregates event in San Antonio, Texas was how the US construction market is recovering. The catchphrase for the global construction industry in 2013 seems to be ‘cautious optimism’. The growth rate may be modest and business activity is certainly a long way from the peaks of 2007 and 2008, but the improving conditions can only be good news for the construction sector. In Europe the situation is less clear. The Nordic nations are all in a fairly
    Read More
  • Beijing construction exhibition will break records
    February 16, 2012
    BICES organisers say a growth in the number of exhibitors, space and scope of the 2011 event assure it of success As the new US$33 billion Beijing-Shanghai 300km/hour bullet train swings into action the organisers of BICES 2011 are also claiming a world-class success. They say that the 11th Beijing International Construction Machinery Exhibition & Seminar 2011 has achieved what it planned with a 25% growth from the previous event (2009) in the number of exhibitors and floor space.
    Read More
  • Colombia’s new transport infrastructure to boost national construction industry
    July 30, 2013
    Huge investment in Colombia’s transport infrastructure is expected to lead to substantial market growth in the country’s construction industry, according to new research by Timetric. In its research report; ‘Construction in Colombia – Key Trends and Opportunities to 2017’, Timetric, who provide online data, analysis and advisory services to key financial and industry sectors, states, “Colombia’s Ministry of Transportation plans to invest COP102.3 trillion (US$56 billion) in transport infrastructure developm
    Read More
  • Sales gain for Italian manufacturers
    February 22, 2016
    An upswing is being seen in construction machine sales in Italy, according to the latest official figures. The data from the Samoter-Prometeia Observatory reveal increases in key markets. Gains have been seen in Europe (+7.7%), Central and Eastern Europe and Turkey (+3.7%), North America (+23.1%), Central and South America (+6.3%), Middle East (+26.3%), Asia (+28.7%), Australia (+23.5%) and Africa (+2.5%). However the figures also show another sharp fall in Russia (-62.8%).
    Read More

Highlighted Content