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Gujarat, known as the heart of India's infrastructure development, has been a driving force behind the country's economic growth. With ambitious projects such as the Dedicated Freight Corridor, the Delhi-Mumbai Industrial Corridor, and numerous ports and industrial clusters, the demand for adva...

Gujarat, known as the heart of India's infrastructure development, has been a driving force behind the country's economic growth. With ambitious projects such as the Dedicated Freight Corridor, the Delhi-Mumbai Industrial Corridor, and numerous ports and industrial clusters, the demand for advanced construction equipment and machinery in the state has been on the rise.The inaugural edition of the Gujarat Conex exhibition aimed to capitalise on this burgeoning demand and foster an environment conducive to innovation, investment, and collaboration in the construction and infrastructure sector.The first edition of the Gujarat Conex Exhibition held at the Helipad Ground, Gandhinagar, marked a significant milestone in the state's journey as an infrastructure hub. This event brought together industry leaders, manufacturers, suppliers, and key stakeholders in the construction equipment and machinery sector. It provided a platform to showcase the latest technological advancements, foster collaborations, and discuss strategies for furthering the growth of the infrastructure industry in Gujarat.Gujarat Chief Minister Bhupendra Patel, while inaugurating the Gujarat Conex 2023 organised by Gujarat Contractors Association in Gandhinagar, called upon changes in the standards of quality for healthy global competition. In this context, he said that for nation-building, the interest of the state should be given priority along with the commercial interest.The three-day exhibition showcased advanced construction machinery and vehicles, building material machines and mining machines. More than 300 participants have participated in this exhibition with around 500 different products on display.On this occasion, the Chief Minister also released the coffee table book of the Gujarat Contractors Association and awarded the Excellence in Construction Sector and Lifetime Achievement Awards to five individuals. CM further said that the Prime Minister has looked forward to infrastructure development to prepare the roadmap for sustainable development.India also received appreciation from the heads of various nations of the developed countries of the world because of the success of G20. Furthermore, they left with a strong impression that India is not behind with respect to other countries. The Vibrant Summit started by the Prime Minister to give Gujarat a global platform in every field has now completed two decades and set new benchmarks for best infrastructure development, CM added.鈥淲e have to tweak the standards of quality in order to stay in healthy competition to take this bright tradition and development journey forward at a faster pace鈥�, he said.Stating infrastructure development as an essential need of the hour, the Chief Minister said that this sector has been prioritised in the budgets of state and central government, respectively.CM also explained the role of the provision made of Rs 10 lakh crore by the Prime Minister for infrastructure development in this year鈥檚 budget of the Central Government.鈥淪imilarly, the state government budget has been continuously increased for overall development including infrastructure development in Gujarat. In 1995, the state budget was Rs 12,000 crore, which has now transformed into a historic budget with an amount of Rs 3 lakh crore this year,鈥� he added.The Chief Minister has considered infrastructure development as one of the five pillars of development in this year鈥檚 budget and also said that the state government has planned five lakh crore rupees for infrastructure development for the next five years. He expressed his determination to build a developed Gujarat through developed India during this Amrit Kaal and appealed to all the social classes including the Contractors Association to contribute together in this journey of development.鈥淲e are happy to support this inaugural edition of Gujarat Conex. The western region of the country is witnessing vibrant construction activity towards improved connectivity and infrastructure development. We are delighted to exchange ideas with the local industry and reach out to this market with the latest construction technology,鈥� said Arvind Garg, Chairman, bauma CONEXPO INDIA, and Senior Vice President & Head of Construction & Mining Machinery Business, Larsen & Toubro.Arvind Patel, Chairman of Gujarat Contractors Association (GCA) and Managing Director, Patel Infrastructure, said, 鈥淭he Indian construction industry is one of the most developed in the world, and the level of exhibitions organised in the country today are at par with global standards. For example, bauma Conexpo India 2023 brought together the latest construction equipment and solutions under one roof, thus delivering time and cost savings for the Indian ecosystem. This inaugural edition of Gujarat CONEX will demonstrate the massive opportunities unfolding in the state鈥檚 infra sector and the strong potential for innovation displayed by the local industry.鈥漇everal construction equipment manufacturers have established their presence in Gujarat. These companies produce a wide range of equipment, including earthmoving machinery, material handling equipment, road construction machinery, and more. Gujarat's strategic location and well-connected ports have facilitated the export of construction equipment to various international markets. This has contributed to the state鈥檚 economy and global trade. The Gujarat state government has often introduced policies and initiatives to attract investment in various industries, including manufacturing. These initiatives aim to boost local production and create employment opportunities.Gujarat's infrastructure industry is becoming an ideal model to boost India鈥檚 growth story. To achieve the goal of becoming a $5 trillion economy, India is focusing on advanced infrastructure development and fresh new projects. Gujarat is the first state in the country to enact a legal framework for PPP in the infrastructure sector. Therefore, the state has seen exponential growth in the past decade.The first edition of the exhibition was a resounding success, fostering a positive atmosphere for the growth of the construction and infrastructure sector in the state. With its strong start, this event is poised to become a regular fixture in the industry calendar, further cementing Gujarat's reputation as a hub for infrastructure development and innovation. It is anticipated that future editions will continue to attract industry leaders, promote technological advancements, and drive economic growth in the region.

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Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

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Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

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Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

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