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Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

On a Smooth Path

As roads and highways construction continues to be on the top gear, more mechanisation is taking place in rural roads with motor graders finding more traction in the coming years.

On Course for Success

Road construction is driving the Indian compactors market. This is expected to continue. ?Most of the current demand for both soil and tandem compactors is for road projects,? says Ramesh Palagiri, Managing Director & CEO, Wirtgen India.

Machine Control Technologies

With the demand evolving for better work and more efficiency in the wake of tighter timelines in infra projects, the scope for machine control technologies is immense. Delays and cost overruns are the major challenges most of the infrastructure projects facing today. There are many factors that contribute to the delay of a project.

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