Page 4 - CO JAN 2020

Editor's Space ®

Hope Street Published by:
Highland Media Publishers Pvt. Ltd.
Registered Office:
The previous year did not bring many smiles for OEMs. Yet, the equipment 609, 6th Floor, Swastik Chambers, Sion-Trombay
industry is hoping for the revival of the market in the coming few quarters. Road, Chembur (East), Mumbai – 400 071.
Tel: 022-25271902
The Indian economy is currently around `190 lakh crore (GDP at current
market prices, 2018-19) which comes out to be $2.8 trillion, converting it in Editor: Shrirang Krishnan
dollar terms taking average exchange rate of the financial year. Depiction editor@constructionopportunities.in
of the Indian economy, projecting the country's gross domestic product
Assistant Editor: Rohan Ambike
(GDP) would grow at 7% in 2019-20, against a five-year low of 6.8 per cent edit@constructionopportunities.in
the preceding year. This low in GDP was with political stability facilitating a
Special Correspondent: Satish Chavan
pick-up in demand and investments.
Chief Executive Officer: V Anand
th
Even in times of despair, the 10 edition of Excon was an ideal platform to anand@constructionopportunities.in
connect all infrastructure stakeholders, including policymakers, investors,
Head Circulation & Subscription:
and developers, with the exciting growth story of India’s infrastructure.
Subhash Bhogale
Over the last 9 editions, the event has grown into one of the topmost support@constructionopportunities.in
construction equipment exhibitions in this part of the world.
Creative Designer:
At the inaugural of EXCON 2019, Nitin Gadkari, Minister for Road, Transport Sandeep N Salve
dtp@constructionopportunities.in
& Highways ensured the construction equipment industry of 40 percent
increase in sales soon.“For the roads, the government is invested around Press Releases:
coordinator@constructionopportunities.in
`2 lakh crore, this year. This will eventually increase to `3 lakh crore by next
year. And, within the next five years, the total government spend on the
road infrastructure will be about `17 lakh crore,” he said. All rights reserved. While all efforts are made to
ensure that the information published is correct.
Similar to the construction equipment industry, the affordable housing Construction Opportunities holds no responsibility
for any unlikely errors that might occur.
sector in India is going through interesting times. A robust economy, a
galloping urban population, rising incomes in urban, rural economies Printed and Published by Shrirang Krishnan on
behalf of Highland Media Publishers Pvt. Ltd.,
and home loans available due to priority lending classification, will all
printed at Indigo Printers, BRM-10, Devidayal
ensure that the affordable pie realises its full potential as a long term Compound, Near Britania Company, Reay Road
growth story. Affordable housing will also grow into a major growth engine (East), Mumbai – 400 010 and published from
609, 6th Floor, Swastik Chambers, Sion-Trombay
for the economy.
Road, Chembur (East), Mumbai – 400 071.
Editor: Shrirang Krishnan
So let’s hope that 2020 brings with it a ray of new beginnings and pumps
new life into the market. Wishing you all a prosperous and happy 2020. The information on products and projects on
offer is being provided for the reference of the
readers. However, readers are cautioned to
make inquiries and take decisions on purchase
or investment after consulting experts on the
subject. CONSTRUCTION OPPORTUNITIES holds no
responsibility for any decision taken by readers on
the basis of information provided herein.
Assistant Editor

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4 CONSTRUCTION OPPORTUNITIES|JANUARY 2020