Editor Desk
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Growth ahead, no skidding!
According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.
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Hallelujah! It's raining orders
The larger picture of various market researches shows growth for the construction equipment (CE) industry.
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SHOWTIME!
In spite of the positive sentiments in the construction and infrastructure industry, there are some risk factors visible which could affect the growth of the industry temporarily.
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Raising the Bar
The good news is here! India notched the 77th rank in the World Bank's Ease of Doing Business, jumping 23 places up from last year. The report also recognises India as one of the top 10 reformers among 190 countries.
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Port of call
Cargo traffic at Indian ports is gradually growing. Containerisation and palletisation of cargo is on the rise, though there is still far more to go for us to have a sizeable share of containerised and palletised cargo in the global market.
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Crushing capacity creation needed
Road Transport and Highways Minister Nitin Gadkari informed in Lok Sabha that projects for constructing 6,320 km of road have been awarded under the first phase of the Bharatmala project, with the financial implication estimated to be Rs 1.44 trillion.
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Capacities huffing and puffing
It's one year since the unified tax system of Goods and Services Tax (GST) came into force. GST has been a game changer in its vast sense considering the difficulties faced by the industry in terms of multiple tax structure.
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Raising the bar
Road transport and highways minister Nitin Gadkari has set road project award and construction targets of 55 km per day and 45 km per day, respectively.
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CE needs a breather from BS-VI
In a bid to deal with the critical pollution situation in the national capital, the Ministry of Petroleum has brought forward the date for the rollout of BS-VI fuel for Delhi to April 1, 2018 instead of the original deadline of April 1, 2020.
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Infrastructure: The Way Forward
The total sales of 72,745 units of construction equipment in 2017 against 66,613 in 2016 brought back some sheen. The easing up of GST rate from 28 per cent to 18 per cent helped breathe but the launch of infrastructure projects brought a smile to the industry.
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