Excon

"Effective Strategies for Reducing Procrastination"

In the heart of Bengaluru, the Bangalore International Exhibition Centre (BIEC) recently played host to one of South Asia’s most significant events – Excon 2023. From December 12 to December 16, this bustling hub witnessed the convergence of over 1,200 exhibitors, both domestic and international...

In the heart of Bengaluru, the Bangalore International Exhibition Centre (BIEC) recently played host to one of South Asia’s most significant events – Excon 2023. From December 12 to December 16, this bustling hub witnessed the convergence of over 1,200 exhibitors, both domestic and international, marking the 12th edition of the Confederation of Indian Industry (CII) organised extravaganza. The sprawling 30 lakh sq ft display area was testament to the grandeur of an event that has become synonymous with innovation and the future of India’s construction industry. Excon 2023 attracted exhibitors from countries as diverse as Austria, China, Czech Republic, France, Germany, Italy, Romania, Russia, South Korea, Spain, Sri Lanka, Turkey, UAE, UK and the USA, underscoring the global recognition of India's position as a hub for construction equipment manufacturing.Inaugurating the event, Nitin Gadkari, Minister of Road, Transport and Highways, Government of India, expressed optimism about India's construction sector becoming the world's largest in the next five years. “The construction sector currently ranks as the world's third largest. Yet, by fostering collaborative endeavours among stakeholders and through substantial government support, we have the potential to propel it to the top spot within the next five years.”He said that the construction sector will have a significant contribution to the Prime Minister's vision to make India a carbon neutral economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects that implement sustainable fuels.“Construction and mining operations consume 4 billion litres of diesel, which is detrimental to the environment and the economy. By embracing alternative fuels such as ethanol, methanol and hydrogen, the construction and mining sectors can effectively reduce emissions. Precast concrete is as a commendable substitute for concrete. We advocate industry collaboration to bolster the capabilities of construction through the use of sustainable materials and alternative fuels,” Gadkari added.Chandrajit Banerjee, Director General, CII, said, “Currently, India's construction equipment industry is exporting to over 140 countries. To enhance sustainability, private players should focus on automation, adoption of advanced technologies, global best practices, use of alternative fuels and innovations in using waste materials as raw materials for construction projects. This approach aims to reduce both the cost of construction and the rate of pollution.”Vivekanand Vanmeeganathan, President, Indian Construction Equipment Manufacturers Association (ICEMA), said, “We anticipate that in coming years, the industry will continue to draw upon his insights, striving to become not only the most sustainable but also the world’s topmost innovator.”The Technological WaveAs we stand on the cusp of 2023, the construction industry is undergoing a profound technological revolution. The highlight of the event was the world’s first hydrogen powered JCB in India. For a long while, India has been a strong advocate of green hydrogen and introduction of the hydrogen JCB falls in line with the Indian government's vision which views green hydrogen as the fuel for the future.The JCB backhoe loader features a hydrogen internal combustion engine, which has been developed as a result of JCB’s Euro100 million project aiming to address carbon emissions in the construction sector.Volvo CE India showcased a monumental step towards sustainability with the largest display of electric machines in the country. The EC500 Electric excavator, L120 Electric wheel loader and other electric machines demonstrated Volvo CE's commitment to reducing carbon footprints.SANY India unveiled a groundbreaking lineup of 15 new models, including revolutionary electric construction machines. The showcased products range from the futuristic Electric Wheel Loader SW956E to the powerful Crawler Crane SCS800A, setting a new standard for the construction landscape.Komatsu India (KIPL) and Larsen & Toubro (L&T) showcased their technological prowess and service capabilities, introducing hybrid technology and bio-fuel compatibility in construction equipment. The exhibition highlighted a comprehensive suite of services, including smart construction solutions and advanced oil analysis programmes.Government’s CommitmentThe government, recognising importance of the construction sector in India’s economic progress, earmarked a substantial Rs 10 trillion to fortify the sector, a clear signal of its commitment to infrastructure development. As part of a technology sub-mission under PMAY-U, it has identified 54 innovative global technologies, marking the dawn of a new era in Indian construction technology. The vision is clear - to harness the immense potential of technology within the construction landscape.Not just equipment...Apart from showcasing the latest construction machinery , Excon 2023 addressed diverse aspects of the industry such as alternate fuels, AI pavillion, AatmaNirbhar Bharat, skills, women operating construction equipment, conferences on defense, sustainability, Internet of Things and automation.As the industry propels itself into the future, Excon remains a vital cog in the wheel, driving India's infrastructure development requirements. The commitment to innovation, sustainability and inclusivity was palpable throughout the event. Excon 2023 was not just about building structures; it was about building tomorrow - a tomorrow where India stands tall as a global leader in construction equipment manufacturing.

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Infrastructure Urban

KEI Industries Faces Rs 80 Mn Daily Loss Amid Wage Dispute

KEI Industries Limited, one of India's prominent manufacturers of wires and cables, is encountering significant financial challenges, with reported losses amounting to Rs 8 crore per day. The company's operations have been severely impacted by a wage dispute, exacerbating its financial woes amidst broader economic pressures. The wage row has led to disruptions in KEI Industries' production and operational efficiency, affecting its ability to meet market demands and maintain profitability. This situation underscores the critical nature of resolving labour disputes swiftly to mitigate adverse i..

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Infrastructure Urban

Hyderabad Aims for World-Class Status

Telangana Chief Minister K Chandrasekhar Rao emphasized the state government's commitment to developing Hyderabad into one of the world's best cities. During a recent event, Rao highlighted several key initiatives aimed at enhancing the city's infrastructure, urban planning, and overall quality of life. He noted that the government's comprehensive approach includes substantial investments in various sectors to ensure sustainable growth and development. Rao detailed plans for significant improvements in transportation, including the expansion of metro rail services, upgrading road networks, an..

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Infrastructure Urban

Ferrari's First Electric Car Debuts

Ferrari is set to launch its first fully electric vehicle (EV), with a price tag exceeding $500,000, as reported by industry sources. This move marks Ferrari's entry into the electric vehicle market, aligning with the global shift towards sustainable mobility and reducing carbon emissions. Ferrari, electric vehicle, $500,000, sustainable mobility, carbon emissions. The new electric Ferrari, expected to debut in 2025, promises to uphold the brand's legacy of high performance and luxury. The vehicle will feature advanced technology, ensuring it delivers the iconic Ferrari driving experience desp..

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