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India to become third-largest economy by 2030-31: S&P Global

India is on course to become the world's third-largest economy by fiscal 2030-31, driven by a projected annual growth rate of 6.7 per cent, according to S&P Global’s inaugural study, India Forward: Emerging Perspectives.

Mining Revolution

The Indian mining industry has shifted from manual to mechanised operations, embracing varying levels of technology and automation

Building India’s Global Manufacturing Capabilities

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

Technology penetration in mine planning is still lower in India

Arun Misra, CEO, Hindustan Zinc, speaks on the challenges facing in the mining equipment market in India, and the ways to address them.

The demand for high-capacity equipment is increasing day by day

Amit Banerjee, Chairman and Managing Director, BEML, shares the outlook for the Indian mining industry, and the sectors that will drive the demand in the mining sector.

Europe-India Day Symposium at Bauma Forum

During Bauma 2022, “Europe- India Day” was organised by the CECE, ICEMA and VDMA India on October 26, 2022.

Auto component sector sees record turnover of Rs 4.2 trillion in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports

Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

What new construction equipment will 2022 bring?

The outlook on India’s construction equipment sector is optimistic since the country’s needs for infrastructure will continue to grow massively.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

Make in Steel 2020

Given the long-term pipeline of infrastructure projects in India, the growth opportunity for the country's steel sector is immense.

CE Market to Bounce Back

Off-Highway Research forecasts that the market for construction equipment (CE) will dip in 2019 but follow an upward trend thereafter during 2020-2023. Samir Bansal elaborates.

Flurry of road bids expected

According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.

Poised to Grow

India's lubricant market is growing up with demand for industrial lubricants on the rise. More infrastructure developments and growth in manufacturing in the coming years will see further demand growth for industrial lubricants.

We have the widest range of oils to meet all requirements

GS Caltex India is a 100 per cent subsidiary of GS Caltex, which is a 50:50 joint venture between GS Energy of South Korea and Chevron Corp of USA.

Transition to underground mining is around the corner

In the near future, there will be hardly any deposits left near surface and hence the underground operation shall become more prominent.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

Growth ahead, no skidding!

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

Infrastructure Revival to Push CE Growth

The infrastructure sector is today undoubtedly one of the strong pillars of the Indian economy and the current Union Government is strongly focused in its approach towards development of infrastructure.

Infrastructure on fast track

The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.

Scaling up skills

A qualified and productive workforce in mining operations is of utmost importance. Pavan Kaushik elaborates on the efforts of Hindustan Zinc (HZL) and its Mining Academy in enhancing the skill levels of mining machine operators through its various hands-on training courses.

Piggybacking earthmovers growth

Transportation of raw and processed materials to the desired location is the next but most essential activity arising out of earthmoving. In the infrastructure space, 5-35 tonne payload capacity tippers and dumpers are extensively utilised for this purpose.

Brexit?s Impact on India

Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out.

Waking up to New Demand

The demand for crawler dozers is expected to be driven by the various government-sponsored infrastructure projects coming up in the country, and the new momentum in the mining industry.

Outlook 2016 Positive

IMF economists predict 7.9 per cent GDP growth for India in 2016, subject to continuity of investments in infrastructure and implementation of significant commercial reforms like GST

We are independently participating in Excon for the first time

Hydraulics Works of L&T Construction Equipment, a wholly owned subsidiary of Larsen & Toubro was established in 1982. We are in a position to deliver hydraulic solutions to meet the needs of construction and earthmoving equipment, mining machinery, industrial, energy sectors as well as bulk material handling segments.

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

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

The Road Ahead

The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.

Mining as a Demand Puller

India is well endowed in terms of most minerals and the country?s mining sector has great potential. While demand for commodities has been strong, supply has been constrained. This has resulted in increased import.

Credit demand may pick up in the second half of FY 2015-16

In July 2014, the current government presented its first budget which was predominantly growth-oriented. The announcements made in the budget represented measures to tame inflation and provide a boost to investments in manufacturing and infrastructure sector.

Lifting Solutions

The future trend in material handling systems will be towards lighter, higher-efficiency equipment. The power consumption, material of construction, operating noise levels and eco-friendly features of this equipment will play a big role while introducing

The Road Ahead

The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold.

Emerging Trends

Introduction of GST, more focus on palletisation, and expected opening up of retail segment are expected to boost the demand for forklifts.

Batching solutions

The recent Budget has brought back smiles to many stakeholders of various verticals; however, the key seems to be implementation on the ground level. On a positive note, VG Sakthikumar, Wholetime Director - Operations, Schwing Stetter India, says, ?Definitely there is a positive movement.

Road 2 recovery

Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.

The growth of road equipment segment will be about 15 per cent by 2017

Last year, we took an aggressive approach with the launching of new products in spite of the recession. The objective was to be prepared and match customer expectations and take a chunk of market share when the economy turns around, says R Nandagopal, Chief Executive Officer, Construction Equipment Business, Greaves Cotton. Excerpts of the interview.

Looking Ahead with Optimism

Despite the economic slowdown and contrary to initial apprehensions from the major stakeholders, Excon 2013 turned out to be a success, with OEMs and aggregate and components manufacturers launching a new range of machines and components, and some of them even announcing further investment to augment capacity, in order to meet the expected demand spurt in the coming years.

We are one of the first major players in India to get into cold forging.

We were the first company in India to successfully develop a fracture split connecting rod and this was a major breakthrough at that time. Our engineering capability is what differentiates us from others because of which we can produce very high quality and high precision products for the customers, says Viraj G Kalyani, Executive Vice President, Kalyani Forge. Excerpts from the interview.

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