Categories: Articles

Empowering India’s Construction Sector: CII EXCON’s Second Day Focused on Atmanirbhar Bharat, Global Markets & Industry Challenges

The second day of CII EXCON centered on Indias transition towards self-reliance (Atmanirbhar Bharat), the production of components for global markets, and the current challenges faced by the construction industry.

Key Highlights of EXCON 2023

In collaboration with Confederation of Indian Industry (CII) the Builders Association of India (BAI) organized a conference titled “Construction Industry Issues” to enlighten builders about the latest developments, reforms, and provisions.

A seminar on “Making the Indian CE Industry Atmanirbhar Bharat & Global Manufacturing Hub” was held to explore governmental schemes and future development opportunities in the construction sector, contributing to the success of the Make in India project. The component session delved into the capabilities of the Indian Component industry in supplying to the global market.

Mr. S.N. Reddy, President of BAI, emphasized the importance of environmental quality amid the challenges encountered by builders. Given the flourishing construction machinery market in India and the backing of government reforms, he said that India will become a leader in construction equipment manufacturing. He underscored the significance of the Excon exhibition and stated that it reflects the considerable investment opportunities envisioned by the Indian government for the advancement of physical infrastructure.

While addressing the Atmanirbhar Bharat Conference, Mr Sanjeet Singh, Senior Advisor from NITI Aayog said, “As India aspires to self-reliance, our responsibility is clear-ensuring rapid and sustainable growth. Having leaped to the 5th largest economy from the UK, Indias service sector flourishes at 45 to 55%, but manufacturing lags behind at 25% of GDP, a target we aim to achieve. Skilling is paramount for success. While ease of doing business improved, theres room for enhancement. Despite being a top 7 global FDI destination, the focus must shift to manufacturing.

In the component session, Mr Rajesh Bhandari, Senior Managing Director, Gates India said, “The construction equipment industry is thriving in India and promises a robust future. While were less than one-fifth of China, our trajectory is one of continuous growth. This journey is marked by a significant expansion, with equipment anticipated to grow by 8%. As we evolve, our specialization extends beyond excavation, reflecting a maturing industry that is diversifying and adding value to Indias infrastructure landscape.

On the inaugural day of EXCON 2023, Shri Nitin Gadkari, the Minister for Road Transport and Highways in the Government of India, underscored the complex challenges confronting the Indian transport sector. These challenges encompass severe air pollution and a significant dependence on imported fossil fuels. Recognizing the detrimental effects on the environment and the economic landscape, there is an urgent need for a transformative shift towards sustainable solutions. A key aspect involves diversifying agriculture to incorporate energy and farming sectors, addressing concerns like migration, surplus crops, and escalating costs for farmers.

EXCON endeavors to build India’s infrastructure in an ecologically sustainable manner, enabling projects on Smart Cities, supporting Swachh Bharat programs, promoting skill development and positioning “Make In India” – as the National Agenda for achieving holistic growth in the infrastructure and related sectors.

Paras

Recent Posts

NoBroker Hosts ‘Property Carnival’ in Chennai for Homebuyers

NoBroker, India's first proptech unicorn, is bringing an exciting opportunity for homebuyers with the launch…

2 days ago

Manthan School Ranked Among India’s Top 20 Schools in EWISR 2024-25

In a remarkable achievement, Manthan School has been ranked 3rd in Telangana and Hyderabad, and…

2 days ago

Solidus Techno Power Pvt. Ltd. Appoints Mr. Jaspal Singh as Chief Technology Officer

Solidus Techno Power Pvt. Ltd., a leader in solar EPC solutions, is pleased to announce…

2 days ago

Salesforce Brings The First Edition of Agentforce World Tour To Delhi

Salesforce, the worlds #1 CRM, powered by AI technology and capabilities, today hosted India's first…

3 days ago

Metropolis Healthcare unveils Key Findings from Molecular Genomics Study in honour of Lung Cancer Awareness Month

Lung cancer remains one of the most prevalent and deadly cancers globally, with approximately 2.2…

3 days ago

Sachidanand Upadhyay: A Visionary Leader Dedicated to Building Better Tomorrow

At Lord's Mark Industries Limited, led by Sachidanand Upadhyay, we are committed to fostering positive…

3 days ago