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The Concrete Advantage!

The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.

Stainless steel industry seeks import duty cut on key raw materials

ISSDA seeks exemption of the 2.5 per cent basic customs duty levied while importing key raw materials

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

Localising production will be key

Doosan Bobcat India launched the E-27 mini excavator, apart from its signature products of skid-steer loaders.

Partner for Success

Picture a manufactured product which has more than 20,000 unique components. These components are sourced from over 250 vendors, with 10 per cent of these vendors located outside the domestic shores.

Power Tools Evolving

Efficiency, safety and productivity are the three major factors that drive the demand for power tools infuture. Major players in the industry are engaged in the development and introduction of innovative products

Off The Road (OTR) tyres rolling

Having recognised the huge potential in the immediate and distant future, once again the Indian tyre industry has focused on introducing new sizes and variants of OTR tyres.

Heavy Lift Anablers

India has witnessed an influx of new software-assisted multiple application-specific boom configured heavy lifters. Despite the economic slowdown taking the wind out of the sail for the heavy lift cranes? suppliers

Ready for Long Haulage

COMMERCIAL vehicle industry experienced one of the worst and the longest spell of recessions during last three years. However, the good news is that it is reviving now. The heavy-duty (HD) trucks industry hit the peak level in 2011 with a sales of 241,000 and it dropped to 130,000 in 2013.

Our efforts have always been to make the most fuel-efficient machines.

The LiuGong excavator provides the highest productivity in its class, with its effortless hydraulic controls and spacious cabin. LiuGong lays lot of emphasis on operator comfort in order to increase operator efficiency. The machine operates at a higher pressure and hydraulic flow which results in better breakout force and faster cycle time, which further leads to better fuel efficiency, says Rohit Punjabi, Assistant Director (Strategy & Planning), LiuGong India. Excerpts of the interview.

IEEMA appeals to PM

The Indian Electrical & Electronics Manufacturers' Association (IEEMA) has appealed to the Prime Minister to intervene and safeguard the interests of Indian manufacturers against the constant onslaught of imported equipment in the power sector, especially from China.

Coal importers evade duty via false classification

The Directorate of Revenue Intelligence (DRI) in Gujarat detected around Rs 600 crore of import duty evasion by coal importers by falsely classifying coal in 2012-13. These coal importers have allegedly evaded duty by reporting bituminous coal imports as steam coal. Earlier, the government waived customs duty on steam coal and imposed only a concessional countervailing duty (CVD

21% duty on power equip import

The government decided to slap 21 per cent duty on imports of power equipment, mainly to protect domestic companies from cheap Chinese shipments.

Higher dosage needed, Doctor!

The recent reduction of repo and reverse repo rates by 50 basis points each (from 8.5 to 8 per cent) for repo rate and from 7.5 to 7 per cent for reverse repo rate) is seen as a welcome development as this initiative may spark off fresh investments,

Marching Ahead

Though the Union Budget 2012-13 is not considered to be much of a game changer, it augurs well for the infrastructure and equipment manufacturing segments. The enhancement of sectoral allocations, doubling of the amount of tax-free bonds to be raised for infrastructure in FY13,

Budget Quotes

The Budget 2012-13 aims at sprucing up the country?s infrastructure and readying it for higher growth. Stalwarts from the construction equipment industry respond to the budget.

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