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Global firms at CII EXCON 2015 optimistic of India's CE industry

By Niranjan Mudholkar,

Added 03 December 2015

Opportune time for foreign companies to invest in India

They also expressed interest in maintenance of roads. Li Yunsheng, Senior Engineer of China Construction Machinery Association (CCMA) and 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. 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.