The board of directors of Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance held meetings announced that it has further received an expression of interest for capital infusion from Cerberus Global Investments.
For warehousing, Kool-ex has partnered with IndoSpace to build customised, GDP/GWP compliant, temperature controlled, pharma distribution centres across the country.
With timely planning and execution, the government will be able to alleviate the current situation and lead the construction market on the road to recovery. Puneet Vidyarthi, Brand Leader, CASE India, CASE Construction Equipment, shares more on the market scenario.
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.
The construction equipment rental market in India is still small as compared to the other equipment markets worldwide. Satin Sachdeva sheds light on the realities of the rental market in India and the steps needed for the development of the market.
A qualified and productive workforce in mining operations is of utmost importance. Pavan Kaushik elaborates on the efforts of Hindustan Zinc (HZL) and its Mining Academy in enhancing the skill levels of mining machine operators through its various hands-on training courses.
It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.
The evening of April 21, 2017, was a proud occasion for Equipment India as the industry stakeholders gathered in large numbers at New Delhi's heritage Claridges Hotel, to celebrate the 4th Annual Equipment India Awards and be part of the high-level discussion at the CEO Forum.
Terex Corporation has appointed John Sheehan as its new senior vice president and chief financial officer. Sheehan most recently served as executive vice president and chief financial officer of Mylan ? a global pharmaceutical company ? from 2010 to 2016.
SV Sukumar, Partner and Head of Operations and Supply Chain, KPMG is of the view that India needs to resolve issues related to mining activities mainly coal and iron ore. The quick resolution of the mining issues is the way forward for the economy. The mining sector is plagued with so many issues like illegal mining, ban on mining, etc.
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.
Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.