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The race has begun
'Infrastructure 2.0' was the theme of our 10th Annual issue of Equipment India. The 5th Annual Equipment India Awards & CEO Forum held on February 16, 2018 in Delhi also hovered on the same theme.
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Budget Boost
Budget 2018-19 rang in on 1st February for the second consecutive year in history. The budgetary expenditure on infrastructure for 2018-19 is being enhanced by Rs 1 lakh crore to Rs 5.97 lakh crore against an estimated expenditure of Rs 4.94 lakh crore in 2017-18.
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New year, New opportunities
The CE market is on a role with a lot of actions in the infrastructure development underway while many are in the pipeline. The new year is definitely a year of opportunity for CE industry in India considering the new life the infrastructure has gained after the corrective actions of the government on the bottlenecks in various projects.
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Reasons to cheer
Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.
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Think big
The latest bout of infrastructure booster to road construction push includes the Bharatmala Pariyojana with a Rs 5.35 trillion investment to construct 34,800 km of roads.
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Light at the end of the tunnel?
The Bullet Train dream is beginning to take shape. Japan is funding the project with a soft loan over 50 years with a 15-year moratorium. But even before we get onto a Bullet Train, the metro rail projects have kicked up a storm.
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More engines of growth needed
Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.
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Will CE cross 'Mount 52,500'?
Will CE cross its previous peak of 52,500 units achieved in 2011 this year, despite the additional burden caused by GST? The majority feels that the peak is within reach.
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GST Council needs to prioritise CE
Dr E Sreedharan was revered and acknowledged as India's 'Metro man' because he managed to do the impossible, i.e., dig into Delhi while it worked and build the metro rail, and that too, in record time. His execution won him laurels.
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Equipment & Technology for Infrastructure is no Luxury!
The Supreme Court's recent clarification that construction equipment and agricultural equipment are not included in the BS-III vehicle ban was a sigh of relief to the concerned industry.
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