Bangalore, Nov 19 (UNI) The 4th edition of EXCON 2007, India's largest Construction Equipment and Construction Technology Trade Fair which concluded here yesterday had attracted business inquiries over Rs.2000 crore.
According to CII, which organised the event, the five day fair was witnessed by over 45000 visitors and more than 700 new products were launched.
Over 280 companies from India as well as abroad, showcased a wide variety of equipment, technology and products with specific emphasis on efficiency, productivity, environment and safety.
Several participants presented and demonstrated the latest developments and advancements in construction equipment technology and products. Excon 2007 also witnessed a slew of state-of-the-art construction equipment launches in the Indian market.
BIRD, the Business and Industrial Research Division of IMRB International conducted an on-the-spot survey among the exhibitors and visitors to the Excon 2007. On the whole, IMRB estimates that the exhibition has generated about 35,000 business leads and initiated more than 10,000 deals for the exhibitors.
The five day exhibition spread out over 1,10,000 sq. mts of area saw live demonstration of equipment by over 30 companies, and included a 3 day international conference on Construction Equipment industry, coordinated by IECIAL and a CEOs panel discussion. EXCON 2007 concluded with a CEOs golf tournament on Sunday November18, 2007.
Speaking on the success of the exhibition fair Mr. Vipin Sondhi, Chairman Excon 2007 and Managing Director and CEO, JCB India said, "Excon 2007 has generated much interest among the Industry players in India and overseas and most of them have used this opportunity to launch new products and meet potential customers. We are sure that Excon has been able to provide the necessary fillip to the Indian construction equipment industry." Excon 2007 also presented the CII-Mckinsey study on Indian construction equipment industry. According to the study, ECE Vision 2015: Scaling new heights in the Indian Earth Moving and Construction Equipment Industry, conducted by leading management consulting firm, McKinsey and Company, for CII, IECIAL, released at the CII Excon 2007, the Indian ECE industry has the potential to grow fivefold from its current size of US dollar 2.3 billion to approximately US dollar 12-13 billion by 2015, growing at 24 per cent Compounded annual growth rate. Conservative estimates suggest that "as usual" growth would create a market of us dollar eight billion by 2015. But a concerted push by the industry and government alike could result in an additional us dollar four billion opportunity, equally spilt between exports and the provisioning of India specific products.