Tag: Trade

Positive Construction Machinery Market in India

India is currently the only national market in Asia experiencing growing construction machinery sales. And growth is forecast for the next few years as well: Good leading indicators for BAUMA CONEXPO INDIA, which will be held from December 12 to 15, 2016 at the HUDA Ground in Gurgaon/Delhi.

According to the Construction Equipment and Building Material Machinery Association within the Verband Deutscher Maschinen- und Anlagenbau (VDMA—German Engineering Federation), India is currently the only Asian country able to point to a growing construction machinery market. Infrastructure development is commonly held to be the driving force behind this development. The Indian government and international development banks are making billions available for new roads, bridges, sea and airports, as well as railway and energy projects.