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“We are coming up with new joint ventures & tie-ups.”

Niraj Shah, Managing Director, Kaushik Engineering Works, speaks on the various challenges faced in the construction equipment sector.

Make In India Week

Over 8,000 Indian industry leaders and 13 Union Ministers attended the event. Seventeen state exhibitions and several country pavilions have been built at the centre. The country pavilions include exhibitions from Sweden, Germany and South Korea.

Mining Growth

India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.

Mining - A New Chapter

Finally, there is good news for the Indian mining industry. The Indian Parliament has recently passed the Coal Mines Special Provisions Bill and Mines and Minerals Development (MMDR). Definitely, a huge shot in the arm for this industry and all its stakeholders.

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.

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.

Efficient and seamless rail and sea network is a must

Inflation control actions, excise duty reduction and sustainable capital funding plan will help the infrastructural sector to grow which will help LiuGong?s Indian operations positively, says Sanjay Wadnerkar, Vice President, LiuGong India.

Make in India

Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.

Budget bites

The Union Government recognising the need for revival of investment cycle had already extended the excise duty cut on capital goods for another six months in June 2014 itself.

Coal exports to Bangladesh resumes

The coal exports to Bangladesh from the states of Meghalaya and Assam resumed. The coal exports were stopped on April 1 by the Indian exporters in protest against the rise in excise duty at the Bangladesh end.

More Needs To Be Done

The interim Budget presented recently has some positive measures for the construction equipment sector, with the highlight being the two per cent excise duty reduction on capital goods. Industry captains react.We as part of the construction equipment industry, are happy with the cuts announced by the Finance Minister. This will certainly help this important industry to build infrastructure, which has been down by over 30 per cent over the last couple of years. However, I feel that, given the

Manufacturing will be the Key

The worst may not be over yet for the Indian manufacturing sector. Lack of growth in the manufacturing sector continues to be the Achilles? heel of the Indian economy, according to Finance Minister P Chidambaram. Emphasising the need to focus on manufacturing and exports, Chidambaram announced a goal to increase the share of manufacturing in GDP to 25 per cent and to create a hundred million jobs over a decade, in his interim budget speech.

Saving the industry boat

A group of people were travelling in a boat. One of them took a drill and began to drill a hole beneath him. His companions asked him, "Why are you doing this?" The man replied, "What concern is it of yours? Am I not drilling under my own place?" Then they cautioned him: "But you will flood the boat and drown us all!"

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.

CE industry hails duty cut

The construction equipment (CE) industry hailed the two per cent cut in excise duty announced by Finance Minister P Chidambaram in the interim budget. However, the industry said a 4 per cent reduction in the duty would have been more apt given the size and importance of the segment. The Indian Construction Equipment Manufacturers Association (iCEMA) said the move would certainly help this important industry that helps build infrastructure and is down by over 30 per cent in the last couple of y

The demand for TBMs has been consistently increasing.

In the first project for the Delhi Metro they used only two tunnel boring machines (TBMs), whereas in Phase 3, there are around 25 boring machines on the job, says Kapil Bhatti, Managing Director, Robbins Tunneling and Trenchless Technology India. Excerpts from the interview.

Auto component makers seek govt relief

With the component manufacturers facing the heat of the slowdown, they are now expecting some relief on the lines of 2008-09, either in the form of excise duty cuts or interest rate cuts or otherwise.

The Budget's impact

Industry captains analyse the Budget's implications on the CE sector. According to Vipin Sondhi, Managing Director & CEO, JCB India, the Finance Minister has rolled out a well-balanced and realistic Budget.

Hits & misses

Even though the recent Budget left much to be desired, the initiatives announced in it and the measures taken outside it, together are expected to boost the demand for construction equipment (CE). To our surprise, the Budget was non-committal on the reduction of import duty for critical equipment and machinery.

Auto industry demands excise duty cut

The Indian automobile industry, faced with declining sales in the current fiscal due to high interest rates, rising fuel costs and commodity prices, is seeking an excise duty

Who's afraid of China?

A few months ago, the talk of the town was the acquisition of Putzmeister by Sany Heavy Industry, a move that was made amidst much secrecy.

LiuGong's motor graders are all set to redefine performance, fuel efficiency

LiuGong, manufacturers of cons?truction equipment, glo?bally pro?duce over 60,000 units annu?ally, having an extra manufacturing capacity in India with an annual pro?du?ction of over 3,000 units

Fit-to-Application Policy

From a turnover of $2 billion in 2011-12, Apollo Tyres is moving forward with a target of $6 billion by 2016. Apollo has a strong range of OTR tyres with products in both small and the large OTR segment.

Our sand process equipment will be launched soon

Taurian Equipment are always flexible to customers with respect to operation as well as investment and ROI, says H Sankaranarayanan, Director-Operations, Taurian Engineering.

We should have a policy to encourage investment in this industry segment

There is a lot of focus and investment by the equipment manufacturers to build energy -efficient crushing units as the fuel cost and power consumption is a significant portion of the overall material cost in our industry

We plan to assemble units here with a further shift to locally manufactured ones

Technology-wise, motor grader manufacturers have a lot to offer based on the local demand, application of work and finally, the skills set available in the market for operating and maintenance of the machine,

Cat motor graders are well known for their productivity and profitability

Caterpillar offers a wide range of motor graders that cater for multiple customer segment requirements, right from heavy con?struction to haul road maintenance and mining applications.

A comprehensive Post Sales Care is one of LeeBoy India's unique value propositions

LeeBoy India has invested in an exclusive training academy where the Operator- Technicians (OT) will undergo intensive training not just on operating the equipment com?petently

We will be introducing more machines locally in the near future

We offer a very comprehensive range of excavators in India from 14 to 85 tonne. These are extremely environment friendly, Tier III machines, with possibly the best fuel average and high production,

We have plans to introduce a new cone crusher this year

We are focusing on predictive maintenance; each of the problems are being analysed by our quality team in Hosur and then preventive action is taken for future products, says Viraj Parthi, Country Manager, Terex Mobile Processing Equipment

On a momentous growth

The government?s commitment to complete 7,300 km of roads in 2012-13 basically translates to a demand for approximately 39 crore tonne of aggregate. And if we calculate using the example of a 200-tph plant which produces approximately 600,000 tonne per annum,

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,

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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