- Ramesh Ponnuswami, Director - India, South Asia, Africa and Middle East, ELGi Equipments
India's equipment industry has witnessed a healthy growth during the past decade and its long-term prospects look solid. Infrastructure demand is the primary factor driving construction equipment industry's growth. Considering the government's intent to invest significantly in infrastructure development, the demand for construction equipment and prospects for the industry are very good.
While there has been a healthy growth over the long term, short-term inconsistency in demand makes capacity planning a challenge for equipment suppliers. The market is price-sensitive and highly competitive, which is a challenge for equipment suppliers in terms of operating margins.
A platform of opportunities
The immense potential of the infrastructure segments in India, ranging from roads and communications to power and airports is attracting both domestic and international players. This edition of Excon is an opportunity to identify new customers and customer needs. It is a platform that connects manufacturers, financiers, buyers and sellers, besides various industry stakeholders. It provides an opportunity to create awareness on new products and technologies among various stakeholders in the industry.
During the previous edition, the market was sluggish and sentiments were mixed. But market conditions are far different now and the mood is optimistic.
We will be present at outdoor stall number 86 and will be displaying a range of our trolley mounted diesel and electric powered screw air compressors. We will showcase our new trolley mounted diesel powered compressor PG550û200. This high productivity model comes with a pre-filter that makes the compressor more efficient and enhances life of the compressor.
With infrastructure growth on an upward trajectory and expected business visitors to cross 40,000, we look forward to this 9th edition of Excon 2017 for opportunities to grow and build relationships that will help us to achieve our long-term business goals. Overall, we are very excited about this edition of Excon. This year, we expect significant buying interest from customers and to finalising a good amount of orders during the event.