Equipment makers from Italy looking to tap construction and infra segment

Bilateral trade between India and Italy was pegged at $ 10.4 billion and the trade grew at 18% during 2017-18

By Author  |  Business Bureau  |  Published: 14th May 2019  11:23 pm

Hyderabad: Italian construction and infrastructure equipment makers are looking to tap opportunities in Hyderabad and Telangana. They are keen on addressing issues related to cost and speed of project execution, promoting safety at construction sites and implementing environment friendly practices, said Cesare Saccani, president, The Indo-Italian Chamber of Commerce and Industry.

Speaking at a workshop on ‘Italian excellence in engineering and construction for Indian infrastructure,’ at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) premises here on Tuesday, he said the trend in Italy is to move towards off-site construction. The components and sub-systems are manufactured at other places and then they are assembled at the construction area. This approach saved construction time, he said.
Citing an instance, he said one company manufactured more than 200 bathrooms for a hotel in London. They were transported and assembled to save on time and also helped to achieve consistency in construction.

In Hyderabad too one of the real estate developers was using this technology through an Italian partner to reduce the construction time of the multi-storied structure.

The Italian Chamber had four regional offices in India and will look to set up desks in Bangladesh and Sri Lanka soon, he said.

Karunendra S Jasti, senior vice- president, FTCCI, said several marble, granite and ceramic units in Telangana and Andhra Pradesh were using Italian machines and technology. The bilateral trade between India and Italy was estimated at $ 10.4 billion and the trade grew at about 18 per cent during 2017-18. The imports, pegged at $ 4.71 billion, grew at 21 per cent. Exports, valued at $5.7 billion, grew at 16 per cent, he said adding that there is scope to increase it further on the back of growing spending by India on infrastructure and construction.

Telangana, which has been growing more than the national average, is seeing a boom in the construction segment. Cement, concrete and allied areas have potential to grow in the State, he said.

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