CW Budget 2021

The government is expected to boost spending in the next fiscal year 2021-22. Its efforts in making India self-reliant through Atmanirbhar Bharat will need encouragement. Infrastructure, arguably the mainstay of Prime Minister Narendra Modi’s government, could see a heightened push. However, there are chances that the Centre’s effort may face roadblocks due to the states’ limited capacity to spend. A higher spending in the budget due in February will lay the foundations for even stronger growth in the next four to five years, Finance Minister Nirmala Sitharaman had recently said. FM Sitharaman had suggested the government could open purse strings in the months ahead to boost the growth rate. On these grounds, FIRST Construction Council is launching the # CWBudget21. This consists of a series of initiatives including a budget special issue released after the budget, a webinar post budget with experts and a web page that keeps visitors updated. The webinar on 2nd February 2021 will host Industry leaders for an analytical discussion on budget announcements. A dedicated page for Budget 2021 has also been built where articles containing in-depth analysis and videos interviews and interactions with industry stalwarts would be found, all in one place. Visit: https://www.constructionworld.in/budget-2021

Make In Steel

Date: 24 February, 2021

Virtual Conference

Steel overview:

Globally we use more than 1700 Mt of this steel every year and we recycle and re-use more than 85% at the end of each lifecycle. Closer home, India was the world’s second-largest steel producer with production standing at 111.2 million tonnes (MT) in 2019.The outbreak of COVID-19 pandemic and the subsequent nationwide lock down had severely affected demand and production of steel in the country in Q1FY21. The lockdown in the months of April and May had crippled domestic demand and steel players were forced to look at export markets to keep their inventory in-check. The finished steel exports as a percentage of total finished steel production peaked during April-August 2020 to average 21% compared to 8% in the corresponding period of FY20 and 6% during the same period in FY19. However, with the unlocking of the economy from June 2020 onwards, domestic demand staged a strong V-shape recovery and exports declined gradually.

Revolutionizing Port E-Conference

Date: 3 March, 2021

Virtual Conference

Adversely impacted by COVID-19 pandemic, India’s top 12 ports witnessed a considerable decline in cargo traffic for the eighth straight month in November, according to ports sector industry body IPA.

Cargo traffic at 12 major ports that are under the control of the Centre dropped by 10.53 per cent to 414.30 million tonnes (MT) during April-November period of the current fiscal compared to 463.05 MT during April-November of the last fiscal. Given the above after the successful ‘Revolutionising Ports Conference ‘ held earlier in January 2020, FIRST Construction Council will be organising a virtual conference in February 2021 to discuss the opportunities and solutions in meeting the challenges faced by the port sector.

Cement Expo 2021

Date : 17-18 March, 2021

Virtual Event

Cement Expo has been a biannual event organized by Indian Cement Review. It provides a great opportunity to cement producers and machinery suppliers, service providers, users to come on the same platform for the exchange of information. It is a window for the global players to know the local industry well and understand its needs. On the other hand local players expect the international players to partner with the growth story of India. The Exhibition is one step in the direction of supporting ATMANIRBHAR BHARAT and overcoming COVID-19. This year; as we all are aware of the restriction imposed on us by coronavirus, has compelled us to organize the event digitally. Of course the team at our end is well experienced in handling such events online considering our past records of similar events. We are sure Cement expo is a perfect platform to establish new business relationships and partnerships.