INDIA INSULATED FROM BREXIT FALLOUT
Indian Finance Minister Arun Jaitley also commented that the impact of Brexit vote on India would not be significant, as the underlying fundamentals of our economy were robust.
Currently, hydraulic tracked excavators have emerged as the best-selling construction category in the country. Driven by accelerated on ground movement and investments in roads and mining sectors, the sales growth is registering a position on the vertical portion of U growth trajectory predicted by the industry analysts.
Growth of other earthmoving machinery is the logical consequence to growth in excavation segment. As such, one is witnessing a similar rise in this category. Increased focus on sustainable and robust urban infrastructure and construction projects across the board require underground construction solutions for all utilities, pipelines, power and water supply; sewerage disposal, waste management and communications. Therefore, use of micro tunnelling and trenchless construction technologies is inevitable. In light of the smart cities initiative by the government, there is a strong likelihood of these technologies being declared mandatory by law. Read our Special Feature on Marsh Buggy, a concept of providing amphibious capabilities to construction equipment.
Monsoons have begun, causing a slowdown in all construction activities. It is time to prepare and upgrade all resources, so that they are in prime condition to meet the challenges thereafter.