The UAE-India Joint Working Group on Infrastructure Investments recently met to discuss investments from UAE institutional investors in infrastructure developments in India. In a significant move, the Abu Dhabi Global Market (ADGM) and the Confederation of Indian Industry (CII) also signed an agreement to jointly collaborate on initiatives that further bolster the business developments and opportunities between the two nations.
Currently India is among the fastest growing economies in the world with a GDP growth rate at 7.9 percent. But to sustain this growth, India needs to focus on developing its infrastructure sector. According to the latest budget, the Modi government has committed to boost total infrastructure spending by 22 percent over the next two years.
Germany Trade & Invest (GTAI) in a recent report stated that expressway construction in India in 2016/17 is to be expanded to 15,000 km compared with 6,000 km the year before. British market research company Off-Highway Research envisages that approximately 55,000 construction machines are expected to be sold in India in 2016, thus climbing steadily to more than 71,000 units by 2020.
With this huge predicted growth in mind, the bC Expo India construction equipment trade show to be held in Delhi from December 12 to 15, 2016 has been rebranded BAUMA CONEXPO INDIA. The format of the shows fourth edition is more in line with what the organisers do internationally under the same banner.
Expressing his delight at the response garnered to date, Igor Palka, CEO of organiser bC Expo India, said: Joint booths from China, Germany, Italy, North and South America as well as Spain are already currently registered. A total of 28 countries will be participating at the event. That clearly shows how important BAUMA CONEXPO INDIA is for international companies.
Covering 150,000 m2, the December expo is expected to showcase approximately 700 exhibitors and host around 30,000 plus business visitors. Big names confirmed to exhibit at the 2016 event include ACE, Ajax Fiori, Ammann Apollo, ASTEC, BAUER, BKT, Case, Caterpillar, Columbia Machines, Haulotte, Herrenknecht, JCB, Kobelco, KYB Conmat, Liebherr, Linnhoff, Liugong, Macons, MAN, Marini, Masa, Potain, Putzmeister, Puzzolana, Sany, Schwing Stetter, Soilmec, Topwerk, Wacker Neuson, Volvo, Wirtgen and XCMG. Representatives from the UAE include Combifloat, Golf Scaffolding Factory/Perfect Steel, and Middle East Plant and Equipment will participate at BAUMA CONEXPO INDIA 2016. The event takes place at HUDA Grounds in Gurugram located just 20 minutes away from Delhis domestic and international airports, offering visitors and exhibitors convenient access to the show.