India's Construction Boom: Gadkari Eyes Top Spot in 5 Years
Equipment

India's Construction Boom: Gadkari Eyes Top Spot in 5 Years

Nitin Gadkari, India's Minister for Road Transport and Highways, has declared that the country's construction sector is now the third largest in the world and has the potential to reach the top spot within five years.

Gadkari made this announcement during his inaugural address at the 12th edition of CII EXCON 2023, South Asia's largest construction equipment trade fair. He emphasized the importance of collaboration and innovation in propelling the sector to even greater heights.

Sustainability as a Key Driver

Gadkari also highlighted the role of the construction sector in achieving India's goal of becoming a carbon-neutral economy. He pointed to the government's focus on sustainable fuels and materials as a key driver of this transition.

The minister specifically mentioned the potential of alternative fuels like ethanol, methanol, and hydrogen to reduce emissions from construction and mining operations.

He also advocated for the use of precast concrete as a more sustainable alternative to traditional concrete.

Collaboration and Innovation for Enhanced Efficiency

Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), echoed Gadkari's call for collaboration and innovation. He stressed the need for private players in the construction sector to embrace automation, advanced technologies, and global best practices.

Banerjee also emphasized the importance of using alternative fuels and finding innovative ways to utilize waste materials as raw materials for construction projects.

EXCON 2023: A Platform for Growth

CII EXCON 2023 is expected to be a major platform for showcasing the latest advancements in construction equipment and technology. The event will feature over 1,000 exhibitors from around the world, including 100 from overseas.

The exhibition is expected to attract over 80,000 business visitors from all over the world, providing a valuable opportunity for networking and knowledge sharing.

With its focus on sustainability, innovation, and collaboration, CII EXCON 2023 is poised to play a pivotal role in propelling India's construction sector to even greater heights.

Nitin Gadkari, India's Minister for Road Transport and Highways, has declared that the country's construction sector is now the third largest in the world and has the potential to reach the top spot within five years. Gadkari made this announcement during his inaugural address at the 12th edition of CII EXCON 2023, South Asia's largest construction equipment trade fair. He emphasized the importance of collaboration and innovation in propelling the sector to even greater heights. Sustainability as a Key Driver Gadkari also highlighted the role of the construction sector in achieving India's goal of becoming a carbon-neutral economy. He pointed to the government's focus on sustainable fuels and materials as a key driver of this transition. The minister specifically mentioned the potential of alternative fuels like ethanol, methanol, and hydrogen to reduce emissions from construction and mining operations. He also advocated for the use of precast concrete as a more sustainable alternative to traditional concrete. Collaboration and Innovation for Enhanced Efficiency Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), echoed Gadkari's call for collaboration and innovation. He stressed the need for private players in the construction sector to embrace automation, advanced technologies, and global best practices. Banerjee also emphasized the importance of using alternative fuels and finding innovative ways to utilize waste materials as raw materials for construction projects. EXCON 2023: A Platform for Growth CII EXCON 2023 is expected to be a major platform for showcasing the latest advancements in construction equipment and technology. The event will feature over 1,000 exhibitors from around the world, including 100 from overseas. The exhibition is expected to attract over 80,000 business visitors from all over the world, providing a valuable opportunity for networking and knowledge sharing. With its focus on sustainability, innovation, and collaboration, CII EXCON 2023 is poised to play a pivotal role in propelling India's construction sector to even greater heights.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code