New Delhi
The Indian Construction
Equipment Manufacturers Association (ICEMA) elected Dimitrov Krishnan as
President for the period 2021-23 during its Annual General Meeting held
virtually on July 19, 2021.
Dimitrov Krishnan is the Managing
Director of Volvo Construction Equipment India Pvt Ltd. Speaking about this
prestigious role, Dimitrov said that for him, this is an opportunity to give
back to the industry which has given him so much in the last 27 years. The
construction equipment industry in India has the potential to grow by 3 times
its current size to $ 25 billion to become the second-largest construction
industry in the world.
He added that they need to strengthen the ICEMA by building a strong pool of people who can support the association, increase the participation of members and governance where everyone feels involved.
ICEMA has devised several key
initiatives to work on, one of which is the Vision Plan 2030. This plan charts
the roadmap for the Indian construction industry for the coming 10 years.
This endeavour is driven by focusing
on three areas - Building a Sustainable Demand for the industry, creating a
robust Operating Ecosystem that can support the industry, and establishing a
stable foundation using Skilling Capabilities.
To meet the 2030 Vision, is working with the GOI’s National
Infrastructure Pipeline, to harness key opportunities. They are looking to
attract technology investments to scale up manufacturing of construction
equipment and components, to meet the domestic and international demand
comfortably.
Dimitrov believes that the inherent resilience of our country and the scope of growth offered by it will be strong demand drivers for infrastructure development, thus generating robust opportunities for the construction equipment industry.
Source: ICEMA Press Release
Image Source: ICEMA Press Release
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