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Haryana roads, bridges approved by centre for Rs 8.74 bn

Dushyant Chautala Deputy Chief Minister Haryana announced that 11 roads and as many bridges in the state will be widened and strengthened at a cost of approximately Rs 8.74 billion under the Central Road and Infrastructure Fund (CRIF) scheme of the Union Ministry of Road Transport and Highways.

Rising Tide

Financial year (FY) 2020-2021 was a year of transition for the auto components industry.

Infrastructure push drives CE demand

With the government is pushing for more infrastructure development in the country, construction equipment market will see demand growth in future.

Hindustan Infralog acquires 90 per cent stake in Continental Warehousing Corp

Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava Sheva) (CWCNSL), an integrated multimodal logistics player in India.

Backhoe loaders:Leading the Growth

At present, the construction equipment (CE) sector is mainly dominated by heavy earthmoving equipment. Within this segment, it is the backhoe loaders (BHLs) which constitute more than 65 per cent of heavy earthmoving equipment sales.

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.

This year we have our technology partner Astec as our co-exhibitor

The current construction equipment industry scenario is essentially a mix of domestic and global developments. On one hand, with the impending revival of the infrastructure sector, sales are expected to see an upward spurt.

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.

Govt finalises Rs.20k cr NIIF

In order to ensure smooth flow of funds for core sector projects covering railways, highways

Budget boost!

Infrastructure has received a booster shot of Rs 70,000 crore and another Rs 24,000 crore of increased outlays on roads and railways. This would take the existing spend on infrastructure for 2015-16 from Rs 2,10,000 to Rs 3,04,000 crore plus the funds created as an outcome of the seed money invested in National Investment & Infrastructure Fund which in turn will find its way into infrastructure funding companies like IRFC & NHB where they will evolve with a factor of ten.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India

8,500 km by March 2015: How Realistic is the Target?

The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,

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.

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