Foreign cos bullish on the Indian market
Though the Indian economy is recovering slowly, foreign construction equipment companies seem to be still bullish on its future. This optimism was once again reinforced by a big jump in the number of foreign participants in Excon 2013. Excon 2013 witnessed the participation of over 20 countries from across the globe. There has been increasing participation from countries like China, Germany, Japan and South Korea besides many other countries. The overall percentage of companies participating in the exhibition too has gone up by 17 per cent from 2011 to 2013. Out of the total participants at the Excon 2013, the international participants constitute 29 per cent. The increasing participation of international companies shows that India has tremendous scope for being a manufacturing hub for construction and equipment industry. China once again dominated Excon 2013, with more than a hundred Chinese companies taking part in the exhibition.