Expect 40% increase in sales: Nitin Gadkari to the construction equipment industry
PORTS & SHIPPING

Expect 40% increase in sales: Nitin Gadkari to the construction equipment industry

Delivering his inaugural address at CII’s 10th edition of Excon 2019 in Bengaluru, one of South Asia’s leading construction equipment trade fair, Nitin Gadkari, Minister for Road Transport & Highways, and Micro, Small and Medium Enterprises, Government of India, has said that the...

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Delivering his inaugural address at CII’s 10th edition of Excon 2019 in Bengaluru, one of South Asia’s leading construction equipment trade fair, Nitin Gadkari, Minister for Road Transport & Highways, and Micro, Small and Medium Enterprises, Government of India, has said that the prime minister’s vision is to make India a $5 trillion economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects worth Rs.100 trillion.He emphasised that the construction equipment industry could hope to expect a 40 per cent increase in sales in the near future, as the government is pumping huge amounts of investment in road and other infrastructure projects such as the development of waterways, airports, ports, and smart cities. “But the private sector should focus on bringing down the cost of construction and pollution,” he urged.The minister further advised the private players in the construction industry to focus on mechanisation, adoption of advanced technologies and global best practices, usage of LNG and bio-fuels, and innovations in using waste materials as raw materials for their construction projects in order to reduce the cost of construction and pollution. He also directed attention towards the Centre’s efforts to boost the roads segment.“For the road sector alone, the Centre is investing Rs.2 trillion this year. Investment for next year will increase to Rs.3 trillion,” he said, adding that within the next five years, total government spend on the road infrastructure will be about Rs.17 trillion. 

Next Story
Infrastructure Transport

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Next Story
Technology

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Next Story
Real Estate

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement