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Bhupinder Singh, CEO, of bauma CONEXPO INDIA, said, bauma CONEXPO INDIA 2023 will be the first and largest international fair on Construction industry in India post Covid times and will be a most important meeting place for the Indian construction machinery industry being the gateway for international enterprises to the Indian market.聺

Singh further added that the event is also a fine platform to interact with top decision-makers, create global connections, and meet potential buyers. In addition, bauma CONEXPO INDIA also features a Buyer Seller Forum 鈥� which is a robust platform to bring together technology providers and buyers at the same platform.聺

Leverage high-powered networks
As one of the largest trade shows for the construction machinery sector, bauma CONEXPO INDIA enjoys support from important policy influencers in the Central and State governments, as well as collaborations with key industry associations like ICEMA, BAI and NAREDCO. This edition has been endorsed by the Honourable Minister for Road, Transport and Highways, Nitin J Gadkari, as well as the National Highways Association of India (NHAI) and National Small Industries Corporation (NSIC).

As a build-up to the show days from January 31 to February 3, 2023, the trade show will be hosting specially curated roadshows in Delhi, Lucknow, Jaipur, Bangladesh and Nepal to engage with the main equipment buyer communities in these places. There will also be networking opportunities with contractors and builders across Tier 2 and 3 cities of North India through Bharat Nirman Mahotsav, a vehicle that will promote the trade show among the main buyer groups in these cities.

With transport and connectivity projects in the National Capital Region (NCR) drawing appreciation from builders and contractors all over the country, there is growing excitement about this editions venue at the India Expo Centre in Greater Noida. This venue offers seamless connectivity for business visitors and world-class facilities like e-mobility charging stations, adequate parking and availability of quality hotels, restaurants, and recreation options in the vicinity.

The construction industry with emphasis on urban housing and infrastructure has become the cornerstone to push the Indian economy to newer heights. Thus, India is already staring at a construction boom with the government and large corporates committing to huge capital investments, policy and structural changes to achieve national targets.

The construction industry market in India works across 250 sub-sectors with linkages across sectors. By end of 2023, India is expected to become the worlds third-largest construction market and by 2025 the construction Industry in India is expected to reach $1.4 trillion while the real estate industry in India is expected to reach $1 trillion by 2030 and will contribute 13 per cent to Indias GDP.

Growth Drivers
Cities are the future driver of growth. By 2030, more than 40 per cent of the population is expected to live in urban India (33 per cent today), creating a demand for 25 million additional mid-end and affordable units. By 2030, urban population will contribute 75 per cent of GDP (63 per cent present), and 68 cities will have a population of more than 1 million.

Concurrently, more and more smart cities will improve the quality of life through modernised/technology-driven urban planning. Schemes such as the revolutionary Smart City Mission (target 100 cities) are expected to improve quality of life through modernised/technology-driven urban planning which will again spur construction demand. In addition, 54 global innovative construction technologies have been identified under a Technology Sub-Mission of PMAY-U to start a new era in the Indian construction technology sector.

Subsequently, increasing demand for commercial space such as office, hotels, retail, entertainment units will elevate construction industry. For record, the net office space absorption across Indias largest six cities stood at 31 million sq ft in 2020.

Mega infrastructure projects like 11 planned industrial corridors, super data centres and chain of cold storage across India will call for construction machinery, technology at unprecedented scale. Real estate demand is set to increase by 15-18 million sq. ft. by 2025 across major cities.

Global appeal, Indian spirit
With heritage from the bauma network of trade shows in Munich and China, as well as partnership with one of North Americas largest fairs CONEXPO, this trade show in India offers all participants a unique customer experience through live product demos, knowledge-sharing at conferences, buyer-seller meetings, and business-to-government sessions.

One of the key highlights of this edition will be the curated conferences for the mining sector, especially pertaining to energy efficiency and safety measures. There will also be conferences focussing on the construction equipment industrys skill-building initiatives to create quality jobs in this space. These sessions are being co-created with industry associations and skill development councils through special training programmes, including classroom programmes and practical sessions.

Investment Flow
A new World Bank report estimates that India will need to invest $840 billion over the next 15 years鈥漮r an average of $55 billion per annum鈥漣nto urban infrastructure if it is to effectively meet the needs of its fast-growing urban population.

The overall infrastructure investment is anticipated to grow between FY21 and FY26 at a CAGR of 11.4 per cent, thanks to spending on urban infrastructure, transportation, and water supply. Infrastructure investment was around 5 per cent of GDP in the 10th five-year plan compared to 9 per cent in the 11th plan.

The overall infrastructure investment is anticipated to grow between FY21 and FY26 at a CAGR of 11.4 per cent, thanks to spending on urban infrastructure, transportation, and water supply. Infrastructure investment was around 5 per cent of GDP in the 10th five-year plan compared to 9 per cent in the 11th plan.

So, dont miss the opportunity to participate in the event where construction history will be created. Join us at bauma CONEXPO INDIA 2023 from January 31 to February 3 at the India Expo Centre in Greater Noida to enable meaningful handshakes and unlock business opportunities for you and your company.