Road Building Drives Growth in Indian Market Ahead of bauma CONEXPO INDIA 2018

<img src="https://kapost-files-prod.s3.amazonaws.com/kapost/54d8fa85e216c710030051b8/studio/content/5ac22b76b6f891005b000044/html_bodies/1524235745-95ee906d-bbfe-4047-947d-68efd9e03e6f/bc%20India%20350x250.jpg" style="float: right; margin-left: 10px; margin-right: 10px;" alt="bc India" width="350" height="250">With bauma CONEXPO INDIA 2018 less than eight months away, the outlook for the Indian construction industry remains promising.Forecasts by the Indian Construction Equipment Manufacturers Association (iCEMA) predicted 69,000 units in sales last year and were surpassed by more than 8 percent to reach 74,990 units. Earthmoving equipment lead the breakdown with about 67 percent, followed by concrete (11 percent), roadbuilding machinery (9 percent), and material handling equipment (8 percent). Projections predict continued growth over the next years with anticipated sales of 82,500 units in 2018.The primary driver for the subcontinent’s growing construction industry remains roadbuilding, followed by airport infrastructure and irrigation projects.According to an Indian government report issued by the Department of Heavy Industry, the construction equipment market amounted to a total of U.S. $3.3 billion in fiscal year 2016/17, with over 56 percent of all equipment imported. International OEMs that in the past have been often disadvantaged when it came to entering the Indian market are currently benefiting from the amount of construction projects and ambitious timelines.“Surplus demand and a shifting focus on newer technologies have swayed the government to ease some of the tariffs traditionally imposed on foreign machinery imports,” states bauma CONEXPO INDIA Commercial Director Tushar Alekar. “While the industry remains price sensitive, the increased focus on total ownership cost, support and service -- especially for high priority projects -- opens new opportunities for foreign equipment manufacturers and service providers.”The next edition of bauma CONEXPO INDIA, which will take place December 11-14, 2018 in Delhi, profits from this boom and the event’s close proximity to a large number of construction projects. Key growth areas in the North and Northeast, including the states of Himachal Pradesh, Jammu and Kashmir, as well as Uttar Pradesh and adjacent regions are the focus of bauma CONEXPO INDIA’s visitor promotion activities. In addition, the event will draw from the populous Western state of Maharashtra with the state capital of Mumbai, home to the show organizer’s Indian headquarters.Jointly owned and organized by Messe München, bC Expo India and AEM, the biennial bauma CONEXPO INDIA is proud to get official support from the Indian Ministry of Heavy Industry, the Ministry of Housing as well as the Builders´ Association of India (BAI) and iCEMA – the Indian Construction Equipment Manufacturer‘s Association.In 2016, the event attracted 647 international and domestic exhibitors and more than 32,000 attendees. Eighty-three percent of all visitors were involved in purchasing or procurement decisions of their companies. If you are interested in exhibiting at bauma CONEXPO INDIA 2018, sign up by April 30 to take advantage of priority space assignment. Past exhibitors can also benefit from special loyalty space rates.Companies headquartered in North America can contact an AEM sales representative at (800) 867-6060 or by email via bcindia@aem.org. Space options for members and non-members include individual exhibit space as well as the AEM-organized North America Pavilion. If you are new to the Indian market or want to take the hassle out of exhibiting at an international event, join the pavilion and let AEM staff support your efforts.For more information, contact AEM or visit www.bcindia.com.Subscribe to the AEM Industry Advisor for more AEM news and updates.