India is expected to become the third largest construction market globally by 2025 mainly based on large infrastructure projects initiated by the Government.
bauma CONEXPO INDIA is an International Trade Fair connects the global market leader with the Indian industry. The exhibitors are facilitated with Demo Area, Conference, b2b meet are few amongst the facilities offered to present their latest products, appliances and equipment and the most innovative technology in the fields of construction machinery, mining machinery, building material machines, construction vehicles and construction. The trade fair aims at providing global reach and professional platform for the Construction Industry for networking, investment and the exchange of ideas and information.
Infrastructure sector from Road, Rail, Aviation, Waterways in India is undergoing its golden phase of rapid development across all verticals. This event, as an interactive platform, is offering services to professionals in the Construction Equipment Industry, including Manufacturers, Service Providers, Policy makers etc.
With Government initiatives on Mega Projects, we expect this bauma CONEXPO INDIA 2020 edition once again to set new benchmarks for the CE industry. We notice the strong demand through the large number of participants and visitors at bauma CONEXPO INDIA year on year. We also expect a growth in the number of visitors. Apart from Indian visitors, the trade fair will focus on exhibitors and visitors from different parts of the world.
India's World Bank ranking has gone up in recent year from 142nd position in 2014 to 77th po-sition in 2019 out of 190 countries.
Owing to a surge in investments in the infrastructure sector, and growth of the real estate sec-tor, the construction equipment market in India is expected to expand at a compound annual growth rate (CAGR) of ~7%till 2023.
India is expected to become the third largest construction market globally by 2025. India has a requirement of investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country.
By 2025, India is expected to become the third largest market for the global construction industry. This grow this mainly attributable to large infrastructure projects. Over the next nine years, analysts expect an average real growth of 6.2 percent per year. India's overall development and enjoys intense focus from Government for initiating policies, that would ensure time bounced creation of world class infrastructure in the country. The North remains the heart of the country. It is the location wherein numerous construction activities are undertaken each year and holds a very special place for CE sector.