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CII targets over 15% YoY growth in next 5 years
The event witnessed the participation of leading names from the industry, government, and stakeholders from the infrastructure and construction equipment sector.
Financing Challenges
Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.
Connecting the CE Industry
As a prelude to Excon 2015, a road show was organised by Confederation of Indian Industry (CII) at Mumbai on October 8, 2015. In essence, this meet was organised by CII to showcase the exhibition and give an overview. The event was attended by all sections of the connected stakeholders.
ICE financiers and OEMs need to work together in intensifying the dialogue with the government
The growth of the infrastructure and construction equipment (ICE) industry in India is still at a nascent stage. The industry is currently at about $4 billion with volumes in the vicinity of 80,000 units per annum in the organised market.
Government should set up an independent commission for PPP regulations
It is a clich? now that the infrastructure sector is a critical enabler for sustaining economic growth as well as for ensuring its inclusiveness. This alone could enable a two per cent growth in GDP.
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.
ECB proposal for funding local construction equipments
Agency reports suggest that some NBFC-AFCs (asset financing companies) want Reserve Bank of India (RBI) to allow External Commercial Borrowing (ECB) norms for funding domestically manufactured construction equipment. Recently, the central bank allowed NBFC-AFCs to avail ECBs for funding only imported equipments
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.
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.
Equipment Financing
The way forward is to intensify the dialogue process with the government authorities at various levels and make them realise that the faulty policies are costing India dear
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
Sameer Malhotra, CEO Shriram Automall
Shriram Automall India, a subsidiary of Shriram Transport Finance announced the appointment of Sameer Malhotra as Chief Executive Officer.
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.
Timken accelerates capacity expansion
The Timken Company is accelerating capacity expansion in Asia, including its Chennai plant and its plants in Wuxi and Xiangtan, China.