JCB India, Karnataka Bank tie-up for equipment financing business

The tie up arrangement with JCB India Ltd is expected to boost the lending avenues under the Bank’s MSME portfolio.

Craning for Opportunities

From a global perspective, the equipment rental industry in India is in its nascent stage. Currently, the average off take for rental is 7-8 per cent of the annual equipment production in India as against up to 80 per cent in developed countries like UK, South Korea and others.

Procurement Trend

The Indian construction equipment market is expected to grow at 12 per cent CAGR to $ 4 billion by 2017 P V Ramdev,. Along with this, the material handling and access equipment markets are also expecting some exponential growth.

Craning for Opportunities

Despite a prolonged dip in demand for the last three years the power sector, especially wind mills and renewed focus on infrastructure, and core sectors like cement and steel are expected to drive the demand for heavy duty cranes.

Movers & shakers

Our crushers work within the permissible noise levels

Our machines are designed in such a way to reduce the friction on the bushes and bearings. Naturally, the noise will get reduced, says H Sankaranarayanan, Director-Operations, Taurian Engineering

WINDS OF CHANGE

Surely and steadily, the winds of change are sweeping across the globe.Maybe, more than the re-election of Barak Obama, it is the change in the Chinese leadership and its economic target of doubling GDP per capita growth for both rural and urban centres, that is expected to have greater implications on the global economy.

Winds of change

Surely and steadily, the winds of change are sweeping across the globe? Maybe, more than the re-election of Barak Obama, it is the change in the Chinese leadership and its economic target of doubling GDP per capita growth for both rural and urban centres, that is expected to have greater implications on the global economy.

Mechanisation in rural areas leads CE demand

It is quite surprising that on one side, the infra sector has slowed down and on the other, equipment sale is going up. As per the leading manufacturers of construction equipment, excavator sales have increased by approximately 10 per cent during FY 2011-12 compared to FY 2010-11.

Construction Equipment Trends in India

Many companies are setting up manufacturing facilities in India, as the country is increasingly becoming a global manufacturing hub. A large and growing domestic market, lower manufacturing cost,

The growth in coming quarters is very much dependent on inflation

Strong customer demand, rise of out?sou?rcing, entry of high cost sophistic?ated equipment and expected chang?es in legal, regulatory and tax framework would be the key enabler of a rise of leasing market in India.

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.