Editor's Desk
Editorial
EXCON 2013 - A catalyst
The recovery of Indian rupee against the USD over the last couple of weeks has been a clear indication of the confidence building up in the economy. No wonder, the industry has been expecting a reduction in the repo rate by the RBI that could have signalled that the growth would be back on track.
Editorial
What's up doc?
At the 3rd Equipment India conference in September 2012 when I was sharing my views with the equipment captains over coffee, they were apprehensive and I was optimistic.
Editorial
Will elections energise the economy?
It seems that we are stuck in the same narrative, which is playing on a loop, told and retold over the past couple of years. The gist of that tale is: even though short-term prospects are not too bright, the slowdown and resultant sluggishness in the CE market is a temporary blip; the long-term growth prospects still look promising
Editorial
Lost opportunities?
The script of the growth story of the CE industry has undergone frequent changes. The government, a major stakeholder and the one the CE industry is primarily dependent on, seems to have lost the plot midway. It plays either a direct or indirect role in scripting the growth story,
Editorial
Getting back on track
Growth prospects in the current fiscal, 2013-1314, were expected to be sluggish, with no clear indicators towards a surge in demand for construction equipment. However, the recent developments in otherwise depressed business sentiments are something to cheer about.
Editorial
Waiting for godot
The way things have been happening, or rather not happening, for the past couple of years, I am reminded of "Waiting for Godot" one of the most famous literary works that revolutionised theatre in the English speaking world.
Editorial
Hits & misses
Even though the recent Budget left much to be desired, the initiatives announced in it and the measures taken outside it, together are expected to boost the demand for construction equipment (CE). To our surprise, the Budget was non-committal on the reduction of import duty for critical equipment and machinery.
Editorial
Budged-IT!
A company investing Rs 100 crore or more in plant and machinery during the period April 1, 2013 to March 31, 2015 will be entitled to deduct an investment allowance of 15 per cent of the investment.
Editorial
India showcase
Look at the slew of dismal facts. There has been an overall slowdown in Indian infrastructure activity due to lack of clearances of new as well as ongoing infrastructure projects. Even L&T chief AM Naik has indicated that the project pipeline is drying up. Many projects have not progressed even after being approved of by the central government and after achieving financial deal closure, too.
Editorial
A seismic shift
There has been a formidable shift in the sales trends of construction equipment globally, a trend that is expected to continue in the near future. The US, which went from 28 per cent in 2006 to 12 per cent in 2011, is expected to recover three percentage points by 2016, reaching the 15 per cent of world demand. The analysis of emerging countries reveals a steady growth of the Indian market share (from 3 per cent in 2006 to 5 per cent in 2011, to the forecast 8 per cent in 2016) and a substantial
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