CII has been playing a pioneering role in facilitating the accelerated development of infrastructure in India. Towards this, one of the key initiatives of CII is Excon – Global Exhibition and Conferences on Construction Equipment & Technology. This event is South Asia’s Largest event for the sector. Large Industry Conferences addressing Infrastructure, Defence, MSME, Components, Green Buildings, Smart Cities, Urban Development, Logistics, etc will be organised concurrently as part of Excon 2023.
Excon 2023, presently in its 12th Edition would feature more than 1250 companies including 350 exhibitors from 25 countries. The previous edition of this biennial initiative organised in 2021 featured 918 exhibitors including 226 exhibitors from abroad and was spread over an area of 26,00,000 square feet.
The Indian CE industry plays a critical role in infrastructure development and India's US$ 5 trillion economy. With a turnover of $8.5 billion, it is the 3rd largest market globally and aspires for a threefold increase by 2030 as per the CE Industry Vision Plan. To realize its potential, the industry must harness its manufacturing competence. The industry has a strong product profile, with 90% of its products being more than 50% indigenised. However, it heavily relies on imports for critical components like precision components, hydraulics, undercarriages, and electricals/electronics. Indian component manufacturing suffers due to issues with quality raw materials, particularly steel. Addressing these issues and attracting global manufacturers of critical components is essential to reduce import dependence and increase indigenisation. Improving the ease of doing business in India, with rising manufacturing costs in developed nations, offers an opportunity for the industry to become a favourable investment destination.