The Indian construction industry is set to expand at a compound annual growth rate of 4.16% from now to 2021, an improvement on the 3.95% annual growth recorded over the period 2012-2016.
In November, Simola Tiles will start up a Lamgea 22000t press for the production of ceramic panels in sizes up to 120x240 cm and with thicknesses from 6 to 20 mm.
This year the Indian economy has once again maintained growth levels above 7% and investments in infrastructure remain the main growth driver. The Indian government is expected to allocate 3-4% of the country’s GDP to infrastructure investments to ensure annual economic growth of between 7% and 8%.
The 12th edition of the show set a new record in terms of attendance, attracting a total of 7,110 visitors from 27 different countries (12% more than 2016).
The show will be held from 1 to 3 March at the Gujarat University Exhibition Centre in Ahmedabad. 22 Italian companies will be taking part at the exhibition.
Verdes Clay & Minerals Equipment Pvt Ltd, Indian subsidiary of the Spanish company Verdés, has trebled the number of Indian customers in the last 2 years.
The Indian giant started up of two new production sites in Rajasthan and Gujarat, reaching a production capacity of 68.6 million sq.m of tiles and a real production of 58 million sq.m.
During the exhibition Indian Ceramics held recently in Ahmedabad, LB announced the opening of its first Indian branch with registered offices in Mumbai and operating centre in Gujarat.
