Page 25 - April 2022

CURTAIN RAISER EXCON

With over 35% y-o-y increase in capex and a proposed Fast Facts
infrastructure spend of over `10 lakh crore in Budget 2022-23,
the Union Government has strengthened its commitment to using 3,00,000 sqm of exhibition display area
infrastructure as a force multiplier for sustained economic growth. 1250+ exhibitors including 350 from abroad
This augurs well for the allied segments of infrastructure as well. 10 country pavilions
It is an attempt to cover up the lack lustre performance of last
two years due to COVID-19, in this fiscal 2022-23 with the coming 50,000+ business visitors
forward of construction and infrastructure companies to ride the Product launches
growth momentum with the Government’s concerted thrust. Industry conferences by CII, BAI and ICEMA
The construction equipment industry recorded a 47% growth in
the second quarter of FY2021-22, according to a recent report to Q2FY21 (20,538 units) and 17% higher
by the Indian Construction Equipment Manufacturers Association than the Q2FY20 (18,298 units), said
(ICEMA). Sales for the quarter under review rose to 21,323 units V G Sakthikumar, Convener, ICEMA
compared to 14,522 units in the previous quarter. Accelerated Industry Analysis and Insights Panel and
sales of earthmoving equipment clocked 51% growth and material MD, Schwing Stetter India Pvt. Ltd. The
handling equipment rose 45%, contributing to the industry’s other three categories--road construction
growth. The sales recorded in Q2FY22 is up by 4% compared equipment, concrete equipment, and

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