The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.
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.
Gone were the days when the backhoe loader market was exploding in all facets of India?s infrastructure development. All recognised suppliers were registering negative to flat trajectory growth since FY 2011.
The North-Eastern region is a major focus area with plans in place by the authorities and quick turnaround time for awarding projects. Today, demand for equipment is also increasing gradually from this part of India, says Prantik Saha, Marketing Manager - Road Construction Equipment, Atlas Copco. Excerpts of the interview.
Industry captains analyse the Budget's implications on the CE sector. According to Vipin Sondhi, Managing Director & CEO, JCB India, the Finance Minister has rolled out a well-balanced and realistic Budget.