There are certain key proposals in the Budget 2020 that can boost the sale of infrastructure equipment. But the real opportunity will be visible once the projects take off successfully.
Palletisation is the most visible aspect of a definite shift towards standardising and professionalising the sector in India, to increase its levels of efficiency, productivity and safety. Anil Lingayat writes.
In spite of the short-term ups and downs in the market volumes, the construction equipment (CE) industry is expected to touch close to the volume of 140,000 units by 2024-25.
Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.
The Putzmeister India Managing Director Wilfried Theissen termed the Union Budget 2020 positive on medium to long term outlook, but said challenges remain in the immediate to short term
In spite of the current slowdown, tyre market for off-highway applications is going to revive in the coming years due to an anticipated pick up in infrastructure developments in future.