Aditya Vazirani, CEO of Robinsons Global Logistics Solutions, elaborates on the factors that will drive the growth of Indian warehousing and logistics in 2021.
In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.
The Coal Ministry has taken initiatives to re-visit old laws with an aim to improve efficiency, ease of doing business and to open up coal sector
The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.
It is a fact that the industry is under tremendous pressure of economic slowdown. However, hopes are alive as the government is listening to the problems of the industry and working out resolutions for a faster recovery.
For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.
The HCV volumes of Mahindra has grown considerably in FY18, with an enormous growth in the market share. Vinod Sahay, CEO - Mahindra Truck and Bus Division, Mahindra Construction Equipment Division, Mahindra & Mahindra shares more on the company's plans in line with the market developments.
India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.
The government is focusing more on developing infrastructure in India for the overall growth of Indian economy. Projects like smart cities and bullet trains require more of innovative technologies and equipment.
The growing construction market coupled with development of industrial and commercial applications including manufacturing, service sector and events have buoyed the growth of diesel generator rental market in India.
Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from government for initiating policies that would ensure time-bound creation of world-class infrastructure in the country.
Aggressive infrastructural development is imperative to the overall economic welfare of a country. If the economy is likened to a wheel, its infrastructure sector is most certainly the central hub that supports all the other sectors in the form of spokes and keeps the wheel spinning smoothly and efficiently.
The infrastructure sector is today undoubtedly one of the strong pillars of the Indian economy and the current Union Government is strongly focused in its approach towards development of infrastructure.
With markets being overcrowded and competition more intense than ever, coupled with a flurry of information in this digital age creates a lot of distractions.
According to an ICRA report, opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India.
Growing public and private infrastructure, FDI reforms for construction sector, highway projects and growing economy has led to the overall surge of construction equipment market in India
Thirty eight trainees who were inducted into the Bharat Mumbai Container Terminals(BMCT) team since August this year have successfully completed several phases ofextensive training.
The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.
With infrastructure and construction sector on fast-track, especially road sector, aggregate processing has become essential to support the construction activities with a matching pace.
The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.
There was a lot of anticipation and apprehension about Budget 2017. There was enough to satisfy those anticipating, and relief for those who were apprehensive. The big push to expenditure for farmers, rural sector, affordable housing and infrastructure will give a fillip to growth and employment.
We mainly focus on brand building. This is an opportunity for our customers to come and meet us and see the products on display. This year, we launched a crane at the event in two variations: 6 tonne and 9 tonne. It is completely localised, positioning us well in the market.
Industrial cranes are the backbone of manufacturing, infrastructure and construction in the country. In light of economy revival and Make-in-India drive in the country, the market for this equipment is expected to grow many fold in the coming decade.
Liquidity boost for construction sector will be the right trigger for equipment industry. Mahesh Singhi elaborates. The construction industry is crucial to the national GDP as it contributes 8 per cent and is the second largest earner of FDI
According to 6Wresearch, Vietnam diesel genset market is projected to grow at a CAGR of 5.49 per cent during 2016-22. The market for diesel genset witnessed slow growth during 2012-13 due to slowdown in FDI and construction activities on account of increasing bad debt in Vietnam which kept investors at bay.
Stepping closer to the concept of ?one nation, one tax?, Rajya Sabha passed the Goods & Services Tax (GST) Bill. The constitutional amendment will enable both the Centre and the states to simultaneously levy the GST, which will include all indirect taxes currently levied, including excise duties and service tax.
The National Capital Goods Policy 2016 has been the talking point for some time now. It is a policy that is not short on intent. It is conclusive but not entirely comprehensive. Some critical elements have been surprisingly left out.
Over 8,000 Indian industry leaders and 13 Union Ministers attended the event. Seventeen state exhibitions and several country pavilions have been built at the centre. The country pavilions include exhibitions from Sweden, Germany and South Korea.
ExxonMobil shares its perspective on how solutions-oriented lubrication programme can play an important role in ?Advancing Productivity? in mining operations. Participating at the 18th National Lubricating Grease Institute (NLGI)
While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India
On ground demand of construction equipment (CE) spurs the requirement of hydraulic cylinders for various essential applications by the OEMs. EQUIPMENT INDIA zeroes in on this segment to develop granular market insights.
Positive sentiment prevails in the infrastructure equipment industry which is abuzz as Excon 2015 is around the corner. Growth prospects are visible over the horizon, in light of the positive trends reflected in most of the economy indicators for India.
As the access equipment industry matures in India and users become more aware on the advantages of using such equipment over conventional practices of working at heights, the rental sector in India is poised for a very bright and promising future.
The FDI in the mining sector jumped to a whopping $657.46 million in the April-December period of this fiscal as compared with just $12.73 million in the entire 2013-14 fiscal, Minister of State for Mines and Steel Vishnu Deo Sai said in a written reply to the Lok Sabha.
Increasing investments and cargo traffic point to a healthy outlook for India?s ports sector. Cargo traffic, which was 976 million metric tonne (mmt) in 2012, is expected to reach 1,758 mmt by 2017.
The major hurdles that will dent the ?Make in India? campaign are poor quality of finished goods due to lack of workmanship and technology deficit in designing quality equipment, says Amarnath Ramachandran, President - Designate, LeeBoy India.
The real estate and power sectors will show a tremendous growth in the next 2-3 years. As per projections, the tower crane requirement will increase to 30-40 per cent in these two years. Current demand growth for tower cranes is mostly from realty sector.
The major demand in India is for the real estate sector, so, 5-tonne capacity cranes are the main demand for this sector. The demand for higher capacity cranes can increase in future gradually but still the 5-tonne capacity crane may have a major demand for real estate sector.
An overwhelming majority of bC India exhibitors (79 per cent) expect the economy in the region to improve and to continue growing, says Rajesh Nath, Managing Director, VDMA India Services.
It took an investment of Rs 500 crore, an area of 115 acre of land situated 35 km from Jaipur city for JCB to come up with its single largest manufacturing footprint in India.
ACE is a dominant player in the cranes market having introduced innovative crane solutions/products from time to time. ?The growth of the Indian construction equipment (CE) industry is dependent on three factors
Winds of change are here to stay! Investment in the construction development sector has a multiplier effect on the economy by way of infrastructure creation; substantial employment generation over the entire spectrum,
The recent Budget has brought back smiles to many stakeholders of various verticals; however, the key seems to be implementation on the ground level. On a positive note, VG Sakthikumar, Wholetime Director - Operations, Schwing Stetter India, says, ?Definitely there is a positive movement.
Sand is mixed with cement and water in measured quantity to produce concrete. These sand particles should be hard and inert with respect to cement. Due to huge silt deposition in riverbed and continuous mining of riverbed for sand,
The Union Budget 2014-15 is probably one of those Budgets post-independence, which has been analysed in an environment of high expectation, sub five per cent growth, double digit inflation and extensive knowledge communication through media
With the Union Budget scheduled in the second week of July, the entire industry seems to be on a highly expectant mood with the hope that the government will now shift to higher gear for bold, long-term and deep fiscal economic reforms. A Chinese proverb reads thus 'When the winds of change blow, some people build walls, and others, windmills.
For the new government, the Shakespearean protagonist?s dilemma, to be or not to be, is no more acts as fetters that lead to inactivity; so the case seems to be, at least for the Railway Minister Sadananda Gowda.
We are very meticulous about delivering the best to our customers and want to ensure that we can offer end-to-end solutions. Having our own fleet of transport vehicles and equipment helps us do this effectively
In a value-addition to what we provide, we genuinely care for our customers. There is a continuous focus in our company to improve aftermarket metrics and we keep on investing in that
We are looking forward to a lot of regulatory reforms. For new projects, the approach towards environment clearances needs to be more pragmatic, GOI has to ensure that no retrospective taxation happens, GST needs to be introduced even if some states do not play ball initially. Such actions will get the CE industry going, says Vikram Sharma, Chief Executive Officer, Kobelco India. Excerpts from the interview.
Over the last two decades, the equipment industry, both construction and material handling, has seen enormous growth. While construction equipment in India has reached a mature level in terms of technology, the material handling industry on a larger perspective still needs a lot of work to be done. The growing trend in FDI and increasing customer expectations throw open a greater amount of opportunity for the players in this field.
Re-affirming our commitment to and our conviction about the Indian market, we have also extended our Valueline range with new products, the BG 26 and BG30 rigs for bigger diameter and deeper piles with Kelly drilling, says Jagpal Singh, Managing Director, Bauer Equipment India. Excerpts from the interview.
Look at the slew of dismal facts. There has been an overall slowdown in Indian infrastructure activity due to lack of clearances of new as well as ongoing infrastructure projects. Even L&T chief AM Naik has indicated that the project pipeline is drying up. Many projects have not progressed even after being approved of by the central government and after achieving financial deal closure, too.
If a project needs to be completed in time, efficient access equipment/machine needs to be deployed, as early completion of project will bring down the overall cost. There is an urgent need of legislation or some kind of Bureau of Indian Standard (BIS) certification, says Siraj Dalvi, Managing Director, Simple Engineering Solutions. Excerpts from the interview.
While the government is expected to roll out more reforms soon, the key issue is implementation on the ground. If policy issues are addressed and initiatives are implemented, it will give a boost to the equipment financing in India, Infrastructure segment has been witnessing a major slowdown due to various issues around land acquisition and environmental clearances
The India Construction Festival, held in Delhi from 12-15 September, organised by ASAPP Media Information Group ( publishers of Equipment India) served to restore some of the lost faith and confidence in the infrastructure industry
The growing global competition and increasing FDI resulting in the increased land cost and power shortage, throws open oppor?tunities for technology, which can mitigate some or a major portion of these challenges.