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"Revolutionary Tech Advancements in Self-Driving Cars"

Excon, South Asia's largest exhibition for construction equipment, organised by the Confederation of Indian Industry (CII), is scheduled to be held from 12 to 16 December 2023, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru. The Government of Karnataka is the host state for Exc...

Excon, South Asia's largest exhibition for construction equipment, organised by the Confederation of Indian Industry (CII), is scheduled to be held from 12 to 16 December 2023, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru. The Government of Karnataka is the host state for Excon 2023. The event will be spread over 3000 billion sq ft of display area and is expected to attract over 1,200 exhibitors from India and abroad including countries like Austria, China, Czech Republic, France, Germany, Italy, Romania, Russia, South Korea, Spain, Sri Lanka, Turkey, United Arab Emirates, United Kingdom, United States of America. Speaking about the event, Deepak Garg, Managing Director, Sany Heavy Industry India, said, 鈥淲e are excited to present the 12th edition of Excon, embracing the theme 鈥楤uilding India's Tomorrow鈥�. This theme encompasses the core principles of technology, globalisation, sustainability and inclusiveness. Excon 2023 is more than just an event; it serves as the driving force behind India's continuous progress, symbolising our robust infrastructure development and solidifying India's prominent position as a global hub for construction equipment manufacturing.鈥� In 2023, the construction industry is on the cusp of a technological revolution, driven by several key innovations. Generative Artificial Intelligence, an advanced technology, is optimising the design process, generating highly efficient and innovative designs. Technology plays a pivotal role in facilitating gradual expansion and improving efficiency in the sector. Moreover, the construction equipment industry is positioning itself for remarkable growth, targeting over 15 per cent year-on-year increase in the next five years. This ambitious goal underscores their commitment to provide cutting-edge machinery and equipment, which is needed to support the industry鈥檚 transformation, ensuring that construction projects across the nation are not only innovative but also executed with enhanced efficiency and precision with a focus on sustainability. India鈥檚 economic progress is closely linked with the infrastructure sector鈥檚 vitality, which has garnered significant government focus. Demonstrating a strong commitment to this cause, the government has earmarked a substantial allocation of Rs 10 trillion, equivalent to an impressive $130.57 billion, to strengthen this sector. The government has recognised the immense size and potential of technology within the construction landscape. As part of a technology submission under PMAY-U, they have identified 54 innovative global technologies, heralding the dawn of a new era in the Indian construction technology sector. This initiative is expected to pave the way for a more inclusive roadmap for all stakeholders. Excon 2023 boasts a multitude of highlights, including an exclusive focus on Alternate Fuels, Artificial Intelligence Pavilion, Aatma Nirbhar Bharat, Skills, Women operating construction equipment and machinery, conferences on defence and paramilitary, green construction focusing on sustainability and Internet of Things, and automation in the construction engineering sector, among others. Excon serves as a dual-purpose platform, offering opportunities for both marketing and education to all stakeholders. Government officials and senior bureaucrats have leveraged it as an educational forum for multiple departments, including public works departments (PWDs) and civil engineering departments, private contractors, builders, road and infrastructure developers, smart city and urban planning experts, the army and Border Roads Organisations. This platform enables them to observe the latest displays of technology, equipment and machinery, facilitating the nation's accelerated infrastructure development requirements. The event will highlight leading construction equipment manufacturers as they showcase the adaptability of their machinery and the advancement of construction technologies. Of utmost significance, these exhibitors will present economical solutions aimed at accelerating project execution for builders and contractors, placing a strong emphasis on upholding standards of quality, safety and environmental sustainability. The Indian Construction Equipment Manufacturers鈥� Association (ICEMA) is the sector partner for Excon 2023. Infrastructure Equipment Skill Council (IESC) and the Builders Association of India (BAI) are supporting partners.

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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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