Nov 01, 2013 (LBO) – Organizers of India’s Excon 2013, touted as South Asia’s largest construction equipment fair say Sri Lanka’s construction industry and component makers can benefit from taking part. The show will have 900 exhibitors including 200 construction equipment makers from outside India.
“We would like Sri Lankans who are in the construction industry to visit us,” Glenville da Silva, from Volvo India, said.
Volvo, which has a factory making construction equipment in India, is counted as a domestic Indian exhibitor along with other international brand with factories in the country like Britain’s JCB
Foreign manufacturers set up shop in India after economic freedoms were gradually restored to citizens after the 1991 balance of payments crisis, allowing the people to prosper and ending many state controls on citizens, that was characteristic of the post-independence India.
India became Asia’s fourth largest auto exporter in Asia a few years after foreign ownership limits were lifted, ending nationalism in the sector.
The Excon is held in Bangalore from November 20-24, a city that is already home to companies like Komatsu and Hitachi.
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