Investments in Infrastructure is key to India's sustained Growth and this has been the guiding principle behind all policy initiatives / interventions by the Government of India. The Planning Commission foresees India's Infrastructure spending to be in the range of US $ 1 Trillion for the 12th plan ( 2012-17).
Infrastructure investments are among the main growth drivers of the construction equipment industry. The Planning Commission of India estimates total infrastructure spending of about US$ 428 billion during the 11th Five Year Plan (2007-12) and foresee to double India's infrastructure investments to about US$ 1 trillion for the 12th Plan (2012-17). The Government of India has granted sops, including a large number of special economic zones (SEZs), to the capital goods industry of which construction equipment is a part; especially with an impetus to increase exports.
Confederation of Indian Industry (CII), India's Premier Industry Association is organising Excon 2019 which is scheduled to be held between 10th - 14th December 2019, Bengaluru, Karnataka, India. Presently in its 10th Edition, the International Construction Equipment and Technology Trade Fair is supported by the Indian Construction Equipment Manufacturers Association (ICEMA) as Sector Partner for the event.