Minister of State for Road Transport & Highways and Civil Aviation General (RTD) V K Singh said India is striving towards a better infrastructure so that it will ensure that the economy thrives.
Karnataka Chief Minister Basavaraj Bommai who spoke at the inauguration of the event said the infrastructure industry can bring significant changes
Bengaluru, NFAPost:’EXCON 2022′, the construction machinery exhibition ‘EXCON 2022’ of construction machinery, got off to a flying start with overwhelming participation of business stakeholders from global manufacturers to Indian industry partners.
Inaugurating the event, Minister of State for Road Transport & Highways and Civil Aviation General (RTD) V K Singh said India is going through a massive infrastructure revolution.
“We are striving towards the infrastructure, in terms of communication arteries, means of mobility means to ensure that the economy thrives,” said Minister of State for Road Transport & Highways and Civil Aviation General (RTD) V K Singh.
The three-day ‘EXCON 2022’is organised by the Confederation of Indian Industry (CII) in association with the Ministry of Road Transport and Highways, Builders Association of India (BAI), Indian Construction Equipment Manufacturers Association (ICEMA), Indian Green Building Council (IGBC), National Small Industries Corporation (NSIC) and Infrastructure Equipment Skill Council (IESC).
Minister of State for Road Transport & Highways and Civil Aviation General (RTD) V K Singh also said the quality that comes at an affordable cost, ensures that India can sustain its development.
“In 2047, when we reach 100 years of Independence, India looks forward to a nation which is vibrant, striving to cross various parameters in the course of economic growth,” said Minister of State for Road Transport & Highways and Civil Aviation General (RTD) V K Singh.
Speaking at the event, Karnataka Chief Minister Basavaraj Bommai said the infrastructure industry is one industry which can really bring big changes.
“It is not just about roads, bridges and mining. Infrastructure is needed in every sector. Make good use of modern technology and machinery in this endeavour,” Chief Minister Basavaraj Bommai said.
EXCON 2022 exhibition is an ideal platform for exchange of new innovations and thoughts for the companies involved in this sector. The State government would extend all cooperation and help for those who are keen to invest in Karnataka.
Karnataka has been in the forefront in IT, BT, startups, R & D and other sectors. The presence of huge PSUs like HAL, BHEL, NAL have helped in creating an ideal ecosystem to draw investments in various sectors, Bommai said.
Karnataka is home to the highest number of Startups. Over 50% of startups and Unicorns in India are housed in Bengaluru. Over 40% of Foreign Direct Investment in India is flowing into Karnataka. There are over 400 R & D institutions in the state of which over 180 are in Bengaluru.
Boost for R & D
The Chief Minister advocated the need for research at the base level and focus on the welfare of the people at the bottom of the social pyramid. Karnataka has implemented a new R & D policy which encourages research from garage level to big institutional level.
Innovation and invention should be encouraged among the youth. The entire ecosystem should foster innovation, as it is in Japan. Karnataka is heading in that direction, Bommai said.
Challenges provide opportunities
Prime Minister Modi’s leadership has shown that you could grow even amid a pandemic. “There will be no development if these are no challenges. Greater the challenges, higher the growth. The first and second world wars brought new technologies in electronics, mechanical and transport sectors,” Bommai said.
Besides around 30 German stalls, EXCON 2022 has participation from companies like Volvo, JCB, Mahindra, Tata, Hitachi, Wipro, Kelly, L&T, Orange, Gulf, Polyhose etc. As part of the event Mahindra launched G75 Smart roadmaster.
