SENNEBOGEN Global - Potentials in India

Demand for energy is increasing, more and more goods, infrastructure, etc. are needed. The Indian government is continuing its GDP growth strategy. Continuous investments are also being made in infrastructure and the processing industry. The increasing need for automation and shorter timelines for construction projects are causing a stronger demand for modern construction and material handling machines. There is also growing interest in electric drive options in the industry. Port output is expected to increase significantly in the coming years, and recycling of waste and scrap is also becoming more and more important for the world’s second largest producer of crude steel, totaling 103.5 million tons per year.

All in all, an interesting country with great potential - including for SENNEBOGEN.

HOW DO GERMAN MACHINERY MANUFACTURERS SEE INDIA?

VDMA CONFERENCE

The German Engineering Federation (VDMA) also met for a conference at bauma CONEXPO India. Representatives from around 30 German companies took part in the event. Topics included the current economic situation and the developments in India, which were generally rated as very positive. Considerable growth of approx. 10% per year is also expected. An open, critical discussion then took place among the members of the association about challenges and opportunities with regard to India as a trading or business partner and production site. To sum it up: The opportunities clearly outweigh the concerns. The areas of scrap, steel and recycling in particular have enormous potential in India.