The construction machinery market in India is accelerating. The market prospect of engineering machinery and equipment is very promising, especially in recent years, the India government has increased the demand for engineering machinery and equipment by a large increase in infrastructure construction in recent years. The development of road construction and farmland irrigation will lead to an increase in demand for construction machinery and equipment. The $91 billion infrastructure project and the $1 billion airport construction budget are part of the key investment decisions announced by the government. Road traffic volume increased from 48 km / day in 2017 to 27~28 km / day. India is the second largest network mileage in the world and is growing rapidly.
It is precisely because of these positive signals that the number of exhibitors participating in the Bauma CONEXPO exhibition to be held in India has increased rapidly. The event will be held on 11~14 December this year. From the positive feedback from the last exhibitors and visitors, Bauma decided to continue the exhibition for the second time at the Gurgaon HUDA Convention and Exhibition Center in Delhi, India.
At present, less than 6 months from the opening of the exhibition, the organizers of the exhibition are very optimistic about the upcoming Bauma CONEXPO India exhibition. "We are very pleased to see that the demand for booths is at a very high level, so far the sales area has exceeded 30% of last year." Mr. CEO-Bhupinder Singh of the bC India exhibition said. Well-known enterprises such as ACE, Keith (Case), Caterpillar (Caterpillar), JCB, Kobelco (Kobelco), L&T, Liugong, PERI, Putzmeister, Sany, Shi Weiying (Schwing Stetter), Volvo (Volvo), Wittgen (Wirtgen), ZOOMLION, etc. not only entered the exhibition, but also applied for the increase. The area is on display.
In addition to demonstrating the technological level of the equipment, the exhibition also provides more forms of project to allow visitors to learn and communicate. The exhibition has opened about 40000 square meters of demonstration area for equipment demonstration. People in the industry are looking forward to participating in the 4 day industry event. During the exhibition, the first attempt was made to launch a buyer seller forum, which would allow exhibitors and visitors to make appointments to the buyers and sellers' lounge in this exhibition. At the same time, there will be more industry meetings and technical exchanges held during the exhibition, focusing on the most advanced industry trends and development directions.
The excellent reputation of the Bauma CONEXPO India exhibition not only attracts the well-known enterprises in India, but also ushered in many countries such as China, Germany, Spain, North America and so on. It will participate in the form of joint exhibition and national exhibition, so that many forms of participation will also attract more and more small and medium-sized enterprises to participate in the exhibition. We will find partners in the big market of India.
The engineering and mining industry in India will continue to grow in 2022, according to a report from the British construction machinery consulting company in April this year. ICEMA India engineering machinery and equipment manufacturers association also predicted that by 2024, India's GDP will be expected to grow by 10%. The main reason is the strong reform measures of the government of India and the support of good expectations for construction projects. All the multinational enterprises in India have also responded positively to the trend of economic development and have signed up for the exhibition.
