As per estimates of total projects to be sanctioned and those upcoming and under construction across sectors, the hope is to see better days ahead—quantitatively and qualitatively—for the cement industry.
Since 1958, Putzmeister has been global leaders in the world of construction and mining. The company develops, produces, sells and serves its customers with high quality and high reliability machines for pumping, distributing and placing concrete, mortar and high-density solids, and for preparing, temporarily storing, processing and transporting these materials.
Rajaram Krishnamurthy, Vice President - Marketing & Sales and Customer Services, DICV, shares his thoughts on the market scenario and the company’s strategy going forward.
Tax concessions extended to sovereign and pension funds will go a long way in attracting long term financing solutions for infrastructure sector, says Sandeep Upadhyay, Managing Director ? Infrastructure, Centrum Capital.
Choosing a tower crane is increasingly about safety and productivity features, as customers seek to lift more with less power, upgrade to a higher capacity economically, and safely use multiple cranes at space-constrained project sites.
While coal mining and quarrying will drive the growth of mining equipment, other mining segments will see a relatively lower growth demand for mining equipment. Pavethra Ponniah, elaborates more on the market trend.
Pick up in infrastructure spending and construction activity, especially in roads and highways, irrigation and affordable housing segment, will continue to support demand for construction trucks.
In the current scenario, most of the projects have become time-bound and have to be completed within the stipulated period. Due to this, expectation of the market has also changed especially in road segment.
Prime Minister Narendra Modi on March 2, 2019 declared April 2019-March 2020 as the Construction-Technology year and stressed on the use of advanced technology to meet the increasing demand of affordable housing and provision of Housing for All by 2022.
According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.
Srei Infrastructure Finance announced its decision to augment the capital of both its infrastructure finance and equipment finance businesses, which will facilitate the businesses in maintaining and strengthening their current leadership positions further.
Tower crane market is now on revival path, which was going through a lull period till recently. Going forward, a steady growth of real estate market could see a further momentum in tower cranes.
ACE believes in providing customised solutions specific to the requirements of the clients. Mayank Pundir, Country Head - Tower Cranes, shares more on the current market trends and the industry outlook.
These are good times for construction equipment industry. Orders have gone up, thanks to a revival in the economy fuelled by government's affirmative actions to nurse the infra development sector back to health.
Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.
The speciality of our tower crane shown here at Excon is that it is 'Make in India' in our Pune factory. In India, we manufacture the tower cranes NC-B 6-62, NC-B 9-62 and the 85 EC-B.
Excon 2017 is all set to open its floors for the five-day mega technology feast on December 12, 2017. This year marks the ninth edition of the Excon, which has a 17-year strong legacy being organised since 2000.
Government of India has given impetus in fast tracking various infrastructure projects, especially in road, railways, ports and airports sectors. There are also large irrigation projects under construction in Andhra Pradesh and Telangana states.
Growth has finally returned to the construction equipment industry. With the government's continuous focus on infrastructure and public spending, next couple of years may turn out to be golden era for the industry in terms of volume and growth.
The government has set up a committee to formulate guidelines that will ensure a transparent system for sand extraction and suggest ways for effective working of the mining surveillance system (MSS). Chaired by the mines secretary, the panel has officials from several states. According to a government official, the committee will also look into the way forward in implementation of the MSS and star rating of mines.
Driven by the infrastructure development activities in the country, hydraulic excavators recorded a sharp growth in 2016 compared to the previous year. The positive trend is continuing this year also with a 26 per cent growth in the first four months.
The growth of the infrastructure industry is expected to drive the global construction equipment market. Sounds familiar? Global experts believe that this increase can be attributed to upcoming construction projects around the globe, primarily in developing nations.
Precast technology has already proven to be the most suitable building construction method for India. Chander Dutta, Managing Director, Elematic India, elaborates on the changing paradigms in construction with a focus on precast technology.
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 4th Annual Equipment India Awards and CEO Forum held on April 21, 2017 was accepted by the industry wholeheartedly with a full house presence. It was a great occasion for us to see participation from the entire cross-section of the infrastructure equipment industry, project contractors, consultants, and government agencies such as Indian Railways, NHAI and IRF.
Given its versatility and mobility, backhoe loader finds great use at almost every construction site, both urban and rural India. This multi-purpose machine continues to perform a variety of tasks at sites and is used for digging, dosing, levelling and lifting activities.
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.
Although there are no landmark announcements in this year?s Budget, a special thrust on transport infrastructure development and affordable housing will definitely gift some market opportunities to the CE segment.
Finance Minister Arun Jaitley has presented a well-balanced and constructive combined budget, focusing on the most critical aspects of the economy, such as Infrastructure, Agriculture and Rural India.
Infrastructure status to the affordable housing segment indicates that this sector will play an important role in reviving economic growth in the country. This will help developers to obtain cheaper loans from the banks which will significantly boost the government?s target of Housing for All by 2022.
We welcome the infrastructure status being given to the affordable housing sector. This will help achieve the target set to cater to this most important segment, which is the need of the hour. We will now see more of such projects being announced in the recent future.
This is a good budget from real estate perspective because of complete clarity on affordable housing. The criteria for low cost/affordable housing has been changed from built-up area of 30/60 sq m to carpet area of 30/60 sq m, thus making the low cost/affordable housing segment more lucrative and also making the segment more attractive for the buyers.
Budget 2017 has rightly provided the much-needed focus on farmers and affordable housing. Good initiatives like increased fund corpus with NABARD, higher availability of credit to farmers, affordable housing getting infrastructure status, refinancing by National Housing Board, construction of one crore houses for the homeless, an augmentation in sanitation coverage and provision for safe drinking water in villages, higher spending on infrastructure and in rural areas, will give the requisite boo
I would term it as a reform-oriented budget where the expenditure was well directed towards economic growth and development, especially in the rural areas. It also reflected the government?s concern and priority to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.
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.
It is a positive and decisive budget coming especially against the backdrop of the government?s boldest measure of demonetisation. The Finance Minister has spelled out a forward-looking regimen for the infrastructure sector with a total allocation of up to Rs 3.96 trillion.
Besides doing the much required ?clean-up? act, Budget 2017-18 gives major boost to the affordable housing and infrastructure sectors. The fact that Affordable Housing has been given the infrastructure status is commendable and will go a long way in fulfilling the Housing for All by 2022 vision of the government.
By granting infrastructure status to affordable housing, which was a long-time demand from the industry, the Budget 2017 has given a relief to both developers and investors. The cost of the developers will go down and attract the investors.
We welcome the government decision to bring affordable housing in the infrastructure sector. Also, definition of affordable housing changed to make it more practical to build and market. Now, we can expect focus on building more affordable housing projects, also rural housing will get big push.
This announcement is a landmark for the real estate sector which will open new avenues for the affordable housing segment. We welcome and appreciate this decision of government, as it will help the sector get various benefits of infrastructure sector which was a long time demand of the realty industry.
This has been one of the path-breaking budgets with far reaching changes especially for the real estate sector. It is positive that the real estate sector has come in the central spectrum of the Union Budget. This has come at a time when the beleaguered sector has been looking at measures to boost the sentiments. The real estate sector which was the hardest hit by demonetisation move will be one of the major beneficiaries of this budget.
Provisions for national highways has been increased by 12 per cent in the infrastructure in the Union Budget 2017, which will result in additional funds worth Rs 7,000 crore (a total of Rs 64,000 crore) in this sector.
True to its expectations, Budget 2017 has spelt out road maps and allocations across various initiatives of the Central Government and the Finance Minister has done an excellent job of managing the expectations. Initiatives to real estate industry has been spoken at length where the sentiments have been largely positive.
According to an ICRA report, demand for affordable homes is set to stay healthy, with the market poised to touch the Rs 6.25 lakh crore mark by 2022, supported by a growing population, young demographic profile, shift towards nuclear families and rapid urbanisation.
Elematic is already a world leader in precast technology. We also have the majority share in the Indian market with 20 plants supplied and installed all over India.
The Indian mining and material processing industry, along with other bulk material handling operations like coal loading or bulk handling at ports, and aggregate processing in roads, is already on a fast track growth trajectory in India, thereby driving the demand.
As a consequence of the excavation activity gaining momentum, earthmovers like front-end loaders, crawler dozers, traxcavators and other earthmoving equipment are registering a CAGR of 15-18 per cent. Since the Indian economy is reviving, these equipment are also finding emerging markets in other sectors as well.
Finance Minister, Arun Jaitley, presented the Union Budget 2016-17, explaining the backdrop of global economy slowdown from 3.4 per cent in 2014 to 3.1 per cent in 2015; battered financial markets and contracted global trade.
Hydraulics Works of L&T Construction Equipment, a wholly owned subsidiary of Larsen & Toubro was established in 1982. We are in a position to deliver hydraulic solutions to meet the needs of construction and earthmoving equipment, mining machinery, industrial, energy sectors as well as bulk material handling segments.
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.
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
The Confederation of Real Estate Developers? Associations of India (CREDAI) has welcomed the RBI decision of easing financing norms for affordable housing. Providing infrastructure status to the affordable housing segment is a long pending demand, CREDAI is backing for.