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We need policy for smooth movement of cranes across state borders

In India it is becoming a trend to opt for newer cranes because the selection parameters are stringent and green initiative consciousness with multi nationals

Differential rates of RTO tax and entry tax a challenge

Large number of heavy cranes has entered the market. Companies like Reliance have purchased their own cranes. As such rental would be very difficult when infrastructure development commences within next six to nine months.

Craning for Opportunities

From a global perspective, the equipment rental industry in India is in its nascent stage. Currently, the average off take for rental is 7-8 per cent of the annual equipment production in India as against up to 80 per cent in developed countries like UK, South Korea and others.

The market situation depends on the market reach

Even though the demand-supply is not in balance and rental rates have dipped, I am hopeful that market will open up and new cranes will be more in demand as against old cranes, says Hitesh Obhan, Proprietor, Ishardas & Sons.

Differential rates of RTO tax and entry tax is a major challenge

There are no trained or licensed operators. It is a lacuna and we have approached the MOT Nitin Gadkari?s office but they do understand our requirement of Operator License.

Craning for Opportunities

Despite a prolonged dip in demand for the last three years the power sector, especially wind mills and renewed focus on infrastructure, and core sectors like cement and steel are expected to drive the demand for heavy duty cranes.

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