Centre approves development of 21 Greenfield airports

Minister of Civil Aviation V K Singh told the media that the Indian government had given ‘In Principle’ approval to establish 21 Greenfield airports across the nation.

7th India Construction Festival

Organised by the FIRST Construction Council in Mumbai on October 22, the event successfully brought together the who’s who of the infrastructure and construction industry.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

AJAX is all set to bounce back with resilience

To set the ball rolling, AJAX has become more resilient, adaptive and competitive like ever in this complex and uncertain period of pandemic with resilience and resourcefulness, says Debasis Bhattacharya, Head - Marketing, Sales & Product Support, AJAX Engineering.

We create value for our customers through make in India

LeeBoy India benefits from having a local manufacturing facility to effectively catering to the local and export markets.

We expect to see a positive turn in volumes

Tata Motors has been at the forefront of constantly innovating and defining the market with new technologies and categories.

Gaining Momentum

Tipper market is expected to bounce back in the coming years with the demand picking up steadily in road construction and mining.

HAM expands network

CRISIL Research?s analysis of road projects under the National Highways Authority of India (NHAI) reveals HAM has expanded its network since its launch in February 2016. Over fiscals 2017 to 2019, HAM projects accounted for a quarter of the executed road projects and 45-50 per cent of the projects awarded.

Infra Growth to Drive Demand

Rising industrial activity, coupled with the uptick in construction and an anticipated demand in mining sector is expected to drive the demand of tipper trucks in the coming years.

IRB Infra to commence Vadodara highway project soon

VK-1 Expressway, a wholly-owned subsidiary and a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers has received an appointed date from the National Highways Authority of India (NHAI) for 23.740 km long Padra (Kim)-Vadodara hybrid annuity project, which is part of the upcoming Vadodara-Mumbai expressway.

We are laying more emphasis on exports

This bauma, Action Construction Equipment (ACE) launched a whole series of innovative cranes; among them is the NX360o model, which as the company claims, will not be found anywhere in the world.

On Strong Foundation

Foundation equipment segment is back on action with a lot of equipment busy at various project sites across the country. The trend is expected to continue for the next few years.

The big movers

Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.

Movers & shakers

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,

At Terex, we are very bullish about India growth story

Vijay Sharma, Executive Director, Terex Equipment India: The huge quantum of the infrastructure to be developed over a period of time, tells no other story. Even for the metros to sustain for another 25 years, we need better infrastructure, better connectivity.

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 government should award projects only after securing key sovereign clearances.

With the government planning for a major infrastructure boom in the North-Eastern states, we foresee a lot of potential for businesses to grow and flourish. The government plans to make investments in roads, railways, air connectivity, cyber and telecom connectivity and power in this region, says Amit Gossain, Vice President - Marketing and Business Development, JCB India. Excerpts of the interview.

Stalled but Hopeful

In spite of the present slowdown and resultant sluggishness in the CE market, the long- term growth prospects are still intact; and experts view the huge infrastructure deficit as a major growth driver and prudent steps from the government can bring India back on the growth trajectory.

BHL Continues to Rule the Roost

The world over, construction practices and methodologies determine the selection of the type of equipment, to a great extent. However, in India, backhoe loader (BHL) controls the lion's share of the total equipment sale; it is wheel loaders that dominate the Chinese CE market and crawler and mini excavators that control the European and American markets.

JCB constantly keep upgrading the machine to meet the growing requirements.

The JCB backhoe loader continues to be the most widely used equipment in India and we constantly keep upgrading the machine to meet the growing requirements of our customers, says Vipin Sondhi, Managing Director and CEO, JCB India.

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.