S. Chandra of Liebherr: Crane equipment rental has good future
The India mobile crane market is anticipated to register annual growth rate of over 5 per cent during the forecast period 2020-2025. “Unfortunately, Due to unexpected Covid-19 pandemic, we can expect some challenges in terms of upcoming projects in India. However, infrastructure and industrial development have played a crucial role in the Indian economy over the past few years. The Indian government is expected to increase its spending on public infrastructure to meet its ambitious development plans. Over the past few years, the construction industry has seen a huge growth, which has created a demand for construction equipment,” said Subhajit Chandra, Divisional Head – Mobile Crane Division, Liebherr India.
H added, “We have expected the move in infrastructure, cement and wind sector even at certain extend from fertilizers sectors, which can create the demand of mobile cranes. The accelerated PPP projects in that the Ministry of Road Transport and Highways has planned to construct six-lane roads under the Golden Quadrilateral programme, which aims to construct around 6,000 km of roadways in the country in order to connect the four metropolitan cities to each other, will boost the demand for construction equipment and high capacity all-terrain cranes, increased mining activities. Apart from that, the government has rolled out several policies to allow infrastructural development in India.”
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