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Global firms at CII EXCON 2015 optimistic of India's CE industry

By Niranjan Mudholkar,

Added 03 December 2015

Opportune time for foreign companies to invest in India

Living up to its reputation of being the largest exhibition of its kind in South Asia,  EXCON 2015, International construction equipment and construction technology exhibition held recently at Bangalore attracted participation from 22 countries.

Large number of exhibitors from Germany, China, Italy, Turkey, South Korea, United Kingdom and other countries used the platform not only to exhibit their state-of-the art construction equipment but also to exchange information and ideas with regard to technology and expansion of their businesses.

Exhibitors were exuberant that, as always Excon 2015 attracted a large number of high quality visitors, most of whom were either decision makers or genuine buyers.

Sang-Dok Yim, Marketing Support, Department/Strategy Division of Korea Construction Equipment Manufacturers Association (KOCEMA) was of the opinion that it was the opportune time for companies to invest in India as it was an emerging market. 

Establishing his confidence in EXCON 2015, Yim said, "You can expect more Korean companies to invest in India in the coming years".   This confidence was echoed by SPECO, a South Korean company dealing in asphalt mixing plant, batch master etc., which has been participating in EXCON since its first edition in 2000.

The ‘Make in India' initiative too has received a lot of appreciation from international participants with Chinese company Luoyang Longda Bearing Co., contemplating opening up an office in Kolkata by next year.

Zhou Weidong, Vice President and Senior Engineer, China Council for the Promotion of International Trade (CCPIT) representing China Chamber of International Commerce (CCOIC) and Machinery Chamber of Commerce said that Chinese companies were seriously looking at collaborating with Indian companies in the construction equipment industry.

(Continued on the next page)

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