Infrastructure, especially roads and highways and realty sector has hit a nadir and sales of construction equipment has decline drastically. A few of the leading players has already pulled out from the exhibition and a few were yet to bookstalls. In these circumstances we were not that optimistic. For the past 10 years it has been our, sort of, bi-annual pilgrimage to Excon exhibition and this time too we did not want to miss the bus. Err flight! The last Excon was super success and it has rained in revenue not only for us, but for the entire fraternity; trickling down to the entire value chain of construction equipment industry.
We landed at the venue the Bangalore International Exhibition Centre (BIEC) and Excon 2019, the Largest Construction Equipment Event in South Asia, did not disappoint us. Long before, we alighted from the chauffeur-driven car, from a distance of more than 5-kilometers we could see the spectacular line up of tower cranes, concrete batching plants, piling machines, hoisting machineries, boom pumps, crawler cranes, flags of leading construction equipment companies and as the distance got closer to the venue we could view the full spectrum of construction equipments – all types of excavators, the bull dozers, the compactors, various types of cranes for various applications, skid loaders, graders, crawlers, dozers, compactors, cold milling machines, wheel loaders, pavers, truck cranes, concrete mixers, shotcrete pumps, stationery pumps, drilling machines, among others.
After alighting from the chauffeur-driven car with parcels containing the latest editions of EPC World magazines featuring articles on infrastructure outlook 2020 and highways, infrastructure and equipment finance, product launches in Excon 2019, product profiles, updated information ontechnology for construction equipment, and the latest update on the happening in the construction equipment world, we walked towards the registration counter to take possession of our stall. Here, while standing in the long queue, we had the opportunity to network with few of our existing clients as well as well as prospective clients.
After taking procession kit from the registration counter, a golf cart shuttle ferried us to our Hall. Once we completed putting all the displays at our Stall, we took a stroll to explore Excon 2019. Every square metres of the exhibition which is spread over 3,00,000 square metres of exhibition display area, was brimming with construction equipment and eager business visitors ready to negotiate a bargain. A few Outdoor Stalls Exhibitors we visited before the start of the inauguration, spoke highly of how they have integrated and incorporated the latest technology – IoT, wirelesses, Artificial Intelligence with their equipment. True to its theme of Excon 2019, ‘Smart i-tech- Next Gen India@75’, the OEM players have quickly adopted digitization and automation and have come up with construction equipment that are smart with artificial intelligence, innovative, internet and interconnected to help the operators manaeuvoer the rugged terrain be it road and highway construction, mining site, tunnel digging or construction piling.
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Tepid Demand: Awaiting Projects Execution
The industry has a tepid demand in 2019. However, towards the end of the year there were signs of revival and the industry is hopeful to clock 8-10 percent growth in FY2020-21. But, it all depends on how sooner the government’s projects are put on track.
We have lined up few capexes, the payback period are quite attractive
In FY19, our Satna cluster’s utilization levels were at 90 percent, says VIJAY AGGARWAL, Managing Director, Prism Johnson
Ready for Future: India's warehousing sector
The warehousing sector in India is at the threshold of a new era. From simple godowns and sheds it is evolving into an organised sector with highly automated warehouse mechanism catering to the distinctive needs of each industry.
Policy and regulatory push needed for logistics sector
After entering the spotlight in 2018, the logistics and warehousing sector had an average 2019 due to the overall economic slowdown and global headwinds.
Over the next decade, business opportunities in logistics and industrial parks are going to be robust - Dr. Niranjan Hiranandani CMD, Hiranandani Communities
As India’s new-age economy – including e-commerce and organized retail - morph into the larger quantum of growth, in sync with the same, we have seen commercial real estate throw up some surprises.
Green Cement: A Step Closure to Sustainable Construction Green Cement
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High-performance High-Speed Doors
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Komatsu, L&T and Scania reaffirm commitment to the CE Industry
Komatsu, Scania and L&T Construction Equipment (LTCEL) have put up a panoramic display of 19 machines, making it one of the most comprehensive displays of Construction, Earthmoving and Road Machinery.
Addressing the Warehousing & Logistics Woes
Budget 2020 gave the warehousing and logistics sector the much-needed oxygen through monetary support and supportive policy measures, explores EPC World
Budget 2020: A Mixed Bag of Hits & Misses
While the Union Budget has brought in several reasons for India’s infrastructure and construction industry to cheer and applaud, voices from the market draw out mixed sentiments from the stakeholders. Veena Kurup writes…
An Exclusive Interview With Nandakumar Narasimhan
The Little Red Train
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Before Mom passed, I made a promise to her
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YOU KNOW YOU’RE SOMEBODY WHEN YOU’VE APPEARED ON AN INDIAN DANGAL POSTER — IN OTHER WORDS, IN A WRESTLING ADVERTISEMENT.
WOUNDS AND THE WOMB
JULIE PETERS explores how to heal a relationship with the sacred womb, a place of death, life, and possibilities.
Giant squirrels, giant lessons? Animal chaplain SARAH BOWEN explores what squirrels can show us about mindfulness.
E8 Caste and the Indian Tech Ivies
IIT grads are highly sought after in Silicon Valley. Are they bringing deep-rooted prejudices with them?
I was happily married, happily employed, just plain happy. Until the accident
IN SEASON Chickpeas (GARBANZO BEANS)
Chickpeas appear in early recordings in Turkey well over 5000 years ago. India produces the most chickpeas worldwide but they are grown in more than 50 countries. An excellent source of carbohydrates, protein, fiber, B vitamins, and some minerals, they are a nutritious staple of many diets. The name chickpea comes from the Latin word cancer, referring to the plant family of legumes, Fabaceae. It is also known by its popular Spanish-derived name, the garbanzo bean. Kidney beans, black beans, lima beans, and peanuts are other familiar foods found in this legume family.
When the Signal Goes Out
Government-ordered internet shutdowns are becoming more frequent
Giving More, Taking Less
FRANCOIS BOUDERLIQUE learnt about the basic principle of Nature – to give more than you take – when he left a high-powered banking job in Paris to live and farm in Kutch, India. He realized that his understanding of eco farming was colored by his past and he needed to open his eyes to a new reality.