India's Construction Boom: Gadkari Eyes Top Spot in 5 Years
15 Dec 2023
2 Min Read
CW Team
Nitin Gadkari, India's Minister for Road Transport and Highways, has declared that the country's construction sector is now the third largest in the world and has the potential to reach the top spot within five years.
Gadkari made this announcement during his inaugural address at the 12th edition of CII EXCON 2023, South Asia's largest construction equipment trade fair. He emphasized the importance of collaboration and innovation in propelling the sector to even greater heights.
Sustainability as a Key Driver
Gadkari also highlighted the role of the construction sector in achieving India's goal of becoming a carbon-neutral economy. He pointed to the government's focus on sustainable fuels and materials as a key driver of this transition.
The minister specifically mentioned the potential of alternative fuels like ethanol, methanol, and hydrogen to reduce emissions from construction and mining operations.
He also advocated for the use of precast concrete as a more sustainable alternative to traditional concrete.
Collaboration and Innovation for Enhanced Efficiency
Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), echoed Gadkari's call for collaboration and innovation. He stressed the need for private players in the construction sector to embrace automation, advanced technologies, and global best practices.
Banerjee also emphasized the importance of using alternative fuels and finding innovative ways to utilize waste materials as raw materials for construction projects.
EXCON 2023: A Platform for Growth
CII EXCON 2023 is expected to be a major platform for showcasing the latest advancements in construction equipment and technology. The event will feature over 1,000 exhibitors from around the world, including 100 from overseas.
The exhibition is expected to attract over 80,000 business visitors from all over the world, providing a valuable opportunity for networking and knowledge sharing.
With its focus on sustainability, innovation, and collaboration, CII EXCON 2023 is poised to play a pivotal role in propelling India's construction sector to even greater heights.
Nitin Gadkari, India's Minister for Road Transport and Highways, has declared that the country's construction sector is now the third largest in the world and has the potential to reach the top spot within five years.
Gadkari made this announcement during his inaugural address at the 12th edition of CII EXCON 2023, South Asia's largest construction equipment trade fair. He emphasized the importance of collaboration and innovation in propelling the sector to even greater heights.
Sustainability as a Key Driver
Gadkari also highlighted the role of the construction sector in achieving India's goal of becoming a carbon-neutral economy. He pointed to the government's focus on sustainable fuels and materials as a key driver of this transition.
The minister specifically mentioned the potential of alternative fuels like ethanol, methanol, and hydrogen to reduce emissions from construction and mining operations.
He also advocated for the use of precast concrete as a more sustainable alternative to traditional concrete.
Collaboration and Innovation for Enhanced Efficiency
Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), echoed Gadkari's call for collaboration and innovation. He stressed the need for private players in the construction sector to embrace automation, advanced technologies, and global best practices.
Banerjee also emphasized the importance of using alternative fuels and finding innovative ways to utilize waste materials as raw materials for construction projects.
EXCON 2023: A Platform for Growth
CII EXCON 2023 is expected to be a major platform for showcasing the latest advancements in construction equipment and technology. The event will feature over 1,000 exhibitors from around the world, including 100 from overseas.
The exhibition is expected to attract over 80,000 business visitors from all over the world, providing a valuable opportunity for networking and knowledge sharing.
With its focus on sustainability, innovation, and collaboration, CII EXCON 2023 is poised to play a pivotal role in propelling India's construction sector to even greater heights.
Next Story
HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..
Next Story
Brigade acquires Velachery land for Rs 16-billion project
Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..
Next Story
Liebherr marks 10,000th XPower wheel loader milestone
Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..