India’s revival demonstrated at Bauma Conexpo

Bauma India

Since the election of Narendra Modi as prime minister of India, business confidence has been high in India. Modi leads the right of centre BJP party and is regarded as business-friendly. He came to power promising to encourage foreign direct investment by liberalising the economy and to increase spending on infrastructure.

Some of India’s industrial infrastructure is already truly impressive. The Reliance oil refinery in Jamnagar, for example, is the largest in the world at 3,000 hectares. But most of the country remains underdeveloped, with 70% of the population living in rural areas.

Since the controversial but charismatic Modi was voted into office in May 2014, India has overtaken China as the world’s fastest growing major economy and GDP rose by an estimated 7.2% in 2016.

According to the World Economic Forum’s ranking of the world’s most competitive economies, India climbed 16 places from 55th to 39th last year.

It was against this background that more than 31,000 people came to Delhi in December 2016 for the Bauma Conexpo India trade fair and reports suggest that after a sharp decline in 2014, the Indian market for construction machinery is now on the rise.

Construction India

The event was held at the Huda Ground in Gurgaon from 12th to 15th December 2016. There were 647 exhibitors occupying a total of 150,000 square meters of space. More than half (57%) were from overseas.

Igor Palka, CEO of event organiser bC Expo India, said: “Exhibitors made some very good contacts and in some cases reported having sold machines directly at the fair. For us as the organizer, this feedback is more than gratifying and confirms that Bauma Conexpo India is perceived as an important platform by the market.”

Case India managing director Abhijit Gupta said: “The results of this year’s Bauma Conexpo India have been fairly good. We have received an encouraging response. We have been able to successfully reach our goals. The footfall number has been remarkable and the show has helped us to generate a number of leads.”

JCB India CEO Vipin Sondhi also said the customer response had been “very encouraging”.

Johann Sailer, CEO of GEDA Dechentreiter, said: “Demand is there, companies are investing again, and although the situation in India’s building construction sector remains somewhat difficult, it was very important to participate in Bauma Conexpo India.”

Various exhibitors also said that Bauma Conexpo India was well organised well attended and they definitely intended to return in December 2018 when the event is next held.

Among these is Haulotte India whose director Souma Roy said: “We had visitors at our booth from India, Nepal, Bangladesh and China. With such an amazing response here, we will certainly participate again next time.”

Blesson Varghese, managing director of Marini Fayat Group in India, agreed: “Bauma Conexpo India has come a long way from where it was the previous year. We had visitors mainly from southern India and Nepal. We are happy with the whole show and will continue to participate in future.”

According to the German engineering federation VDMA India is currently the only Asian country able to boast a growing construction machinery market. In 2016 construction machinery sales rose to an estimated 55,000, up from 39,000 in 2015. Forecasts from Britain’s Off-Highway Research have suggested that the Indian market for construction machinery could grow to more than 80,000 by 2019. Definitely a market worth taking seriously, then.

Steve Rhine

About Steve Rhine

Community Manager at MachineryZone USA - All latest construction news on MachineryZone Mag!