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Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

Infra Development in North-East Region

Indian Construction Equipment Manufacturers? Association (ICEMA) organised a conference on Infrastructure Development in North East Region, concurrently with ConMac 2015 - an exhibition on construction equipment and technology at Guwahati.

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.

Execution is the Driving Mantra

The Union Budget 2014-15 is probably one of those Budgets post-independence, which has been analysed in an environment of high expectation, sub five per cent growth, double digit inflation and extensive knowledge communication through media

Expectations from the New Government

Devendra Kumar Vyas, Chief Executive Officer at SREI BNP Paribas pens down the wish list of expectations from the new government. With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister will be able to lead the economy out of the low growth era through decisive governance.

Srei BNP Paribas raises benchmark rate

The leading infrastructure and construction equipment finance firm Srei BNP Paribas has announced a hike in its benchmark rate by 25 basis points, from 17.75 per cent to 18 per cent, with immediate effect.

We have positioned ourselves as a true infrastructure partner rather than a lender

More projects, faster enviro?nm?ent and forest clearances, support in land acquisition and a general clarity in policy are the key. Any infrastructure project takes time and stability of policy is a must to ensure that investment flows, says DK Vyas, CEO, Srei BNP Paribas.

Navigating through turbulent times

Overall slowdown in demand for new equipment, absence of new channels for the deployment of equipment compared to the overall availability, plummeting value of currency, lack of clarity on private coal blocks, highly depressed rental rates - all seems to have had its negative impact on the equipment finance segment.

Our machines give better efficiency in terms of fuel consumption and productivity

Volvo Construction Equipment is one of the most dynamic companies in the industry. Not only have we grown rapidly over the last decade, we have done so without sacrificing the quality of our products, the innovation of our thinking or our close relationships with our growing family of customers

We cater to the entire value chain from procurement to deployment to disposal.

Our pan-India presence and in-depth knowledge of the Indian market make us a preferred player for any equipment manufacturer, (Indian or foreign, who is eyeing the ICE market in India. A proper risk management system, floating interest rate financing and customised offering have been major growth factors for us, says DK Vyas, CEO, Srei BNP Paribas. Excerpts from the interview.

Srei BNP Paribas raises base rate

Srei BNP Paribas has announced a hike in its benchmark rate by 25 basis points, from 17 per cent to 17.25 per cent, with immediate effect.

We expect to achieve our target disburse?ment figure for FY12

At Excon, 2011, we are offering some unique innovative products like the Asset Power" with a pre-approved credit limit, which is a co branded card with our manufacturing partner wherein a customer

Srei BNP financed equipment over Rs 5,000 cr in Q1FY12

The main vehicle for leasing in India are the NBFCs, but these financing entities do not enjoy a level playing field vis-?-vis banks. For example, in terms of NPA allowance and recovery of bad assets, banks have a clear advantage over NBFCs.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

Exceeding Expectations

The recently concluded bC India exceeded all expectations. Take a look at the statistics: More than 22,000 visitors from 69 countries, 508 exhibitors from 30 countries, 70 per cent of them from abroad; the international flavour further underlined by nine international pavilions, creating a new dimension for the construction industry.

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