Comprehensive up-to-date news coverage

HomeNewsBusinessConstruction equipment manufacturers must be prepared for a competitive market: VK Singh,...

Construction equipment manufacturers must be prepared for a competitive market: VK Singh, Gen

Published on

Follow us on Google News for latest updates and information.

News Tech: Minister of State for Roads and Highways, General V.K. Singh, said Tuesday that the construction equipment (CE) industry needs to focus on Industry 4.0 to prepare for the competitive market conditions and innovate itself. The Minister delivered a speech at the opening ceremony of the 11th edition of He CII EXCON, South Asia’s largest construction machinery exhibition held here today by the Confederation of Indian Industry (CII). “India is an emerging center of construction machinery, a hub for outsourcing of components and a hub for design.

Karnataka’s Vasavaraj, who also attended the opening ceremony, said Prime Minister Bommai said the infrastructure sector is under heavy pressure from the government, driving India’s overall development and GDP. He said the new policy announced by the Indian government would guarantee the creation of a time-limited, world-class infrastructure in the country, making it India’s new identity globally. Noting that the construction sector will contribute significantly to the Prime Minister’s vision of transforming India into his $5 trillion economy, the Prime Minister said that in order for the government to achieve that goal, he will invest in industrial projects worth Rs 10 crore.

We need to focus on innovation in adopting global best practices, using alternative fuels and using waste as raw materials for construction projects,” Singh said. He said infrastructure must be sustainable and the industry should take action to improve quality at affordable lifecycle costs. “India is focused on hydrogen fuel technology and solar energy and we believe this is the future of the country. You have to guess,” he added.

See also  Indus ECTA will create 10,000 jobs over the next four to five years

We said we are starting with the major infrastructure and infrastructure projects to make it happen. “Our primary focus should be on the exponential growth of the country as technology advances, but it is also important to involve those at the bottom of the pyramid who are the driving force behind the economy. We urge the industry to work with them to further advance the industry,” he said.

Latest articles

Enable Dark Mode on Google Search

Hello everyone, in this article we will show you how Enable dark mode in...

Trade finance is being revolutionized by a new digital platform from HSBC

News Tech: The two biggest markets for HSBC are the UK and Hong...

Lloyd’s will work with NASA on space sustainability efforts

In Science and Space: Lloyd’s, in collaboration with the Lloyd’s Market Association (LMA),...

The fastest growing cryptocurrency areas are shown in this new report

News Tech: The Middle East and North Africa (MENA) can be the fastest-growing...

More like this

Enable Dark Mode on Google Search

Hello everyone, in this article we will show you how Enable dark mode in...

Trade finance is being revolutionized by a new digital platform from HSBC

News Tech: The two biggest markets for HSBC are the UK and Hong...

Lloyd’s will work with NASA on space sustainability efforts

In Science and Space: Lloyd’s, in collaboration with the Lloyd’s Market Association (LMA),...

The fastest growing cryptocurrency areas are shown in this new report

News Tech: The Middle East and North Africa (MENA) can be the fastest-growing...

How To Backup iPhone To External Hard Drive

Hello everyone, in this article we will show you how Back up your iPhone...

Canopy, Cannabis Firm, Praises Biden’s Marijuana Pardon As Its Shares Rise

News Tech: Canopy Growth applauded President Joe Biden’s declaration on Thursday that he...