Source: Business Standard
A lot of focus is being given to infrastructure development in the northeastern states. This has opened up new market avenues for domestic and international companies.
Many such companies have shown curiosity to invest during a recently concluded exhibition on construction equipments and technology.
The boom in real estate sector and infrastructure development is visible in all major cities across the north-east.
To tap this potential, a large number of real estate developers are making a beeline.
In an effort to accelerate the growth of infrastructure and make latest technologies accessible, the very first ConMac fair – an exhibition on construction equipments and technology – was recently organized by Confederation of Indian Industry (CII)
“We have had discussions at the Centre and with different states and everyone without exception has said that infrastructure is our topmost priority,” said Chakravorty.
“So, the states where infrastructure is the major priority, infrastructure development should also take place in such a way that the best of our equipments are used. That is why we are organizing this trade show so that people get knowledge,” he added.
Around 50 participants, including top most brands and foreign companies exhibited their latest technologically advanced products including trucks, tyres, earth movers and concrete mixers at the fair.
The fair provided a platform to exhibitors and various stakeholders of infrastructure related sectors to come together and discuss the market prospects in the region.
It will benefit contractors, construction companies and engineers in the region to become up-to-date with the latest technology and utilize it in their work.
Raghupati Bualka, an official at Volvo Machinery, said there is a huge market and added that north-east is full of opportunities in terms of road contracts and bridge contracts.
“Our excavators are used in excavation of minerals like limestone and coal in Meghalaya and coal in Nagaland. It is used in road projects for excavation of earth. It is used in fisheries and quarries. So, there is a huge opportunity here,” he added.
A gradual decline in insurgency coupled with pro-active steps of the government to develop infrastructure in the region has resulted in an increase in industrial activities and investment inflow in various sectors.