Page 24 - CO JAN 2020
P. 24
POST EXCON 2019
Business Blitzkrieg
The 10 edition of EXCON was back in the Infrastructure sector is a key driver for the Indian economy. The sector
th
news as OEMs across the globe came is highly responsible for propelling India’s overall development and
together despite the ongoing slowdown in enjoys intense focus from Government for initiating policies that
the economy. Heavy vehicle makers as well would ensure time-bound creation of world class infrastructure in the
country. Infrastructure sector includes power, bridges, dams, roads
as auto ancillary companies participated and urban infrastructure development.
targeting the infrastructure sector as a way Despite the ongoing slowdown in the economy, a good number of
of buffer and counter the effects of the OEMs and suppliers put on a robust display of products, technologies
ongoing slowdown. All the players in CE and services targeted at the construction and infrastructure industry.
industry were optimistic about the revival of New demand from this sector could help the auto industry buffer the
the market writes, ROHAN AMBIKE. sales decline from their main operations.
The Indian economy is currently around `190 lakh crore (GDP at
current market prices, 2018-19) which comes out to be $2.8 trillion,
24 CONSTRUCTION OPPORTUNITIES|JANUARY 2020
