India's Construction Boom: Gadkari Eyes Top Spot in 5 Years

Nitin Gadkari, India's Minister for Road Transport and Highways, has declared that the country's construction sector is now the third largest in the world and has the potential to reach the top spot within five years.

Gadkari made this announcement during his inaugural address at the 12th edition of CII EXCON 2023, South Asia's largest construction equipment trade fair. He emphasized the importance of collaboration and innovation in propelling the sector to even greater heights.

Sustainability as a Key Driver

Gadkari also highlighted the role of the construction sector in achieving India's goal of becoming a carbon-neutral economy. He pointed to the government's focus on sustainable fuels and materials as a key driver of this transition.

The minister specifically mentioned the potential of alternative fuels like ethanol, methanol, and hydrogen to reduce emissions from construction and mining operations.

He also advocated for the use of precast concrete as a more sustainable alternative to traditional concrete.

Collaboration and Innovation for Enhanced Efficiency

Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), echoed Gadkari's call for collaboration and innovation. He stressed the need for private players in the construction sector to embrace automation, advanced technologies, and global best practices.

Banerjee also emphasized the importance of using alternative fuels and finding innovative ways to utilize waste materials as raw materials for construction projects.

EXCON 2023: A Platform for Growth

CII EXCON 2023 is expected to be a major platform for showcasing the latest advancements in construction equipment and technology. The event will feature over 1,000 exhibitors from around the world, including 100 from overseas.

The exhibition is expected to attract over 80,000 business visitors from all over the world, providing a valuable opportunity for networking and knowledge sharing.

With its focus on sustainability, innovation, and collaboration, CII EXCON 2023 is poised to play a pivotal role in propelling India's construction sector to even greater heights.

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