Environmental protection and long-term sustainability are priorities for us in the CE sector
The Indian construction industry registered a CAGR of over 5% in the last five years despite two years of disruptions during the pandemic. Indian Government's focus on growth driven by Infra development and manufacturing is aiding demand growth.
ARVIND K GARG,
Senior Vice President and Head, Construction & Mining Machinery Business, L&T
How do you visualize the revival of Indian construction industry?
The Indian construction industry registered a CAGR of over 5% in the last five years despite two years of disruptions during the pandemic. Indian Government's focus on growth driven by Infra development and manufacturing is aiding demand growth. In addition to the various ongoing infrastructure projects under the National Infrastructure Pipeline valued at USD 1.4 trillion for the period 2020-25, the Government of India has recently launched the USD 1.26 trillion Gati Shakti National Master Plan for Multimodal Connectivity, an integrated infrastructure development plan for seamless connectivity for movement of people, goods and services from one mode of transport to another and to facilitate the last mile connectivity to reduce travel time for people.
Additionally, India is expected to have the second-largest metro connectivity globally by 2025, with 982 km being added to the existing 810 km spread across 15 cities. These projects will drive demand and support us in our growth story.
What are the new technology trends in Indian CE market?
The adoption of sustainable technologies is the overarching technology trend. As committed at the COP26 Summit, India is to achieve carbon neutrality by 2070. The entire ecosystem in India is working towards this direction. Environmental protection and long-term sustainability are priorities for us in the CE sector. We are currently offering a wide range of biodiesel-compatible Komatsu equipment, which includes hydraulic excavators, dump trucks, wheel loaders, crawler dozers, motor graders and water sprinklers. We also pioneered the introduction of electrically operated excavators in India and the recently supplied Komatsu PC3000 electrically driven excavators for the mining industry in Central India. We have also started working on battery-operated CE and exploring the introduction of hybrid machines in the near future.
What is your view and expectations on bauma CONEXPO INDIA 2023?
With the challenges of Covid fading, infrastructure development is expected to pick up the pace, creating a positive sentiment in the industry. This edition of the event will focus on future trends and the latest innovations to enhance the infra-project execution in the construction and mining machinery industries.
bauma CONEXPO INDIA, north India's leading trade fair for the construction industry, will present a large platform for the industry to exchange insights and best practices while showcasing customers to new technologies and an extensive range of products from the Indian and overseas construction equipment industry.
Being held after three years, it will bring the construction and infrastructure community, both domestic and international, together to fuel business and infrastructure growth solutions. The industry is eager to participate wholeheartedly and will put its best foot forward for the event's success. L&T will display many unique solutions to customers at bauma CONEXPO INDIA 2023. We are looking forward to active participation in engaging with our valued customers. The next few years will hold tremendous potential for the CE Industry, and we expect participation. bauma CONEXPO has earned credibility in the industry over the previous editions, and we look forward to the upcoming edition in January 2023 at Greater Noida.
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