IMF economists predict 7.9 per cent GDP growth for India in 2016, subject to continuity of investments in infrastructure and implementation of significant commercial reforms like GST by the government. Indian stock markets are also expected to continue to rally the record upswing of 2015 well into the new year. All economy indicators are exhibiting positive trends and the government?s renewed commitment to propel our economy to new heights are all good tidings for India Inc. Building up on Excon 2015 success story boasting of nearly Rs 600 crore of business concluded, during South Asia?s biggest expo on construction equipment, the industry is enthusiastically gearing up their respective acts to meet the most significant upcoming challenge: managing the growth!

Large business prospects loom over the near horizon for concrete paving and allied machinery in light of 100 new upcoming road projects in particular and numerous others in ports, airports, irrigation and other infrastructure sectors. In this context, many reputed equipment suppliers of various categories have embarked on educating prospective customers, contractors and even the opinion makers on the intricacies involved in concrete paving. Please do read all about this promising equipment category in our story on concrete paving.

The largest consumer of vertical reach equipment like passenger cum material hoist; multi function hoist; rack and pinion climbing platform; aerial work platform and others has undoubtedly been the realty sector, which is currently very subdued, owing to pile up of unsold inventory. However, this equipment category is also extensively required for construction of high rise industrial structures in other infrastructure projects like large cooling tower, boiler house, high chimneys, nuclear reactors and many more. We bring focus on this important category for the benefit of our readers. Incidentally, CE components, accessories, spares and hardware manufacturers and suppliers also showcased impressive product displays and advanced technologies, during Excon 2015. Walking around the exhibits, one came across an array of world class innovative mechanical, electrical, electronic and IT solutions for OEMs for original fitment, upgrade possibilities for existing equipment and aftermarket requirements. Contribution to energy efficiency, green environment, simplified operation, high life cycle but low cost, equipment tracking and such themes were the focus of most developments. Our Excon coverage presents many highlights in this domain in the CASH section.

I had the privilege of being invited as the only media person from India for the global dealer and press meet held by LiuGong Machinery Group at Nanning, China. Nearly 650 delegates from 50 countries, many foreign delegates and dignitaries attended the meet with the theme: ?Rise to Challenge and Embrace the Future?, once again reflecting a positive outlook for 2016.

We wish all our readers and stakeholders A Happy and Prosperous New Year 2016!

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