Chinese companies seriously interested in collaborating with Indian counterparts
Living up to its reputation of being the largest exhibition of its kind in South Asia, EXCON 2015, International construction equipment and construction technology exhibition underway at Bangalore has attracted participation from 22 countries. Large number of exhibitors from Germany, China, Italy, Turkey, South Korea, United Kingdom and other countries used the platform not only to exhibit their state-of-the art construction equipment but also to exchange information and ideas with regard to technology and expansion of their businesses. Exhibitors were exuberant that, as always Excon 2015 has attracted a large number of high quality visitors, most of whom were either decision makers or genuine buyers.
Mr. Sang-Dok Yim, Marketing Support, Department and Strategy Division of Korea Construction Equipment Manufacturers Association (KOCEMA) was of the opinion that it was the opportune time for companies to invest in India as it was an emerging market. Establishing his confidence in EXCON 2015, Mr. Yim said, “You can expect more Korean companies to invest in India in the coming years”. This confidence was echoed by SPECO, a South Korean company dealing in asphalt mixing plant, batch master etc., which has been participating in EXCON since its first edition in 2000.
Largest participation by Chinese companies
The ‘Make in India’ initiative too has received a lot of appreciation from international participants with Chinese company Luoyang Longda Bearing Co., contemplating opening up an office in Kolkata by next year. Mr. Zhou Weidong, Vice President and Senior Engineer, China Council for the Promotion of International Trade (CCPIT) representing China Chamber of International Commerce (CCOIC) and Machinery Chamber of Commerce said that Chinese companies were seriously looking at collaborating with Indian companies in the construction equipment industry. They also expressed interest in maintenance of roads. Mr. Li Yunsheng, Senior Engineer of China Construction Machinery Association (CCMA) and Mr. Du Song, of CCPIT said that with its fast growing economy and a promising construction equipment industry, India shows that it is a very important market for countries like China and offers several opportunities especially in the infrastructure and construction equipment industries. China is the biggest foreign exhibitor with participation of 172 Chinese companies.
Germany too sees huge prospects in participating in India’s exciting infrastructure growth story. Mr. Sebastian Popp, Deputy Managing Director, Construction Equipment and Building Material Machinery (VDMA) said that visibility of India and the Indian economy has increased phenomenally over the past few years and the country’s future potential is being played out to prospective investors with aplomb. The investment climate in the country is continuously improving and in the construction equipment space alone companies are already active in India. He said that the potential for more German companies to come into India was high. A total of 31 companies from Germany are participating in EXCON 2015.
With the construction equipment industry picking up growth momentum, EXCON 2015, which is generating positive energy and enthusiasm from global and Indian players alike, will act as a catalyst to further boost growth.