Aditya Vazirani, CEO of Robinsons Global Logistics Solutions, elaborates on the factors that will drive the growth of Indian warehousing and logistics in 2021.
The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.
The Indian construction industry is facing numerous headwinds as a result of the economic slowdown and other factors impacting the construction activity.
Putzmeister is a world-leading solutions provider for pumping, mixing and placing concrete, mortar and industrial solids. For over 60 years, the company's solutions have been utilised by the construction, infrastructure, mining, energy and environment sectors in a wide range of environments and application conditions all over the world.
In four decades of operations in India, JCB has grown to become a full-range construction infrastructure equipment partner offering indigenous, innovative and versatile solutions of One-Global-Quality.
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 roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.
India's lubricant market is growing up with demand for industrial lubricants on the rise. More infrastructure developments and growth in manufacturing in the coming years will see further demand growth for industrial lubricants.
GS Caltex India is a 100 per cent subsidiary of GS Caltex, which is a 50:50 joint venture between GS Energy of South Korea and Chevron Corp of USA.
With 614,000 sq m of space, about 3,700 exhibitors from 63 countries and more than 620,000 visitors from over 200 countries, the largest bauma ever held was once again a bauma filled with records.
The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.
Economic slowdown has impacted the Indian construction equipment industry over the past two years. The short-term economic outlook in India may seem unfavourable, however the medium to long-term economic prospects look encouraging.
After three-four years of economic slowdown, now infrastructure development activities like roads, rail and Metro projects are coming up. It is very challenging to execute projects under these changing paradigms.
With more than 170,000 visitors from 149 countries and regions exploring the technologies and innovations showcased by 2,953 exhibitors from 41 countries, bauma China 2016 was a success in spite of an economic slowdown.
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.
On the 23rd of June, UK public voted to leave the European Union. The news not just sent the UK markets and currency into turmoil but sent shockwaves that were felt all the way in India as well. The historic vote marks the rise of a new phase of uncertainty for the international markets.
I am deeply honoured and pleased to inform you that EQUIPMENT INDIA has successfully completed eight years of publication as the only magazine on infrastructure equipment in the country.
India has witnessed an influx of new software-assisted multiple application-specific boom configured heavy lifters. Despite the economic slowdown taking the wind out of the sail for the heavy lift cranes? suppliers
Confindustria Modena, Veronafiere-SaMoTer and Unacea will undertake a joined action for the attendance of a group of Italian companies at Excon, a major construction machinery trade fair in Southern Asia scheduled in Bengaluru during November 25-29, 2015.
It?s a fact that the backhoe market has been reduced to one-third of the actual market size, and currently, supply is more compared to demand, and the industry is not very hopeful for a turnaround, especially in this financial year.
Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.
Piyush Goyal, Union Minister of Coal, Power and Renewable Energy, said that the power and coal sectors will shortly issue orders worth over Rs 1 lakh crore for various projects.
Hydraulics industry in India is on a revival mode with new designs, materials, and manufacturing technologies are coming into the market. In the coming years, energy efficiency, fuel consumption, and the life-cycle of machines will become the major deciding factors for hydraulic systems.
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.
There has been some positive vibes in the CE sector overall. Has this started reflecting on the demand for washing equipment?Policy changes do take time to manifest themselves in the form of improved business conditions.
The growth potential for earthmoving equipment in India has never been disputed. All sectors like power, roads, ports, etc. will drive demand. With increasing investment in the infrastructure sector, the earthmoving equipment industry foresees huge demand for CE in the coming years.
Commercial vehicle OEMs - domestic and global - have pumped in investments, augmented capacities, launched global platform strategies, enhanced touch points, and stressed on soft solutions to suit the demands of emerging markets.
Apart from Volvo and Powerscreen, we would like to add at least one more business having Synergy with our existing range of products in construction and mining segment, says PK Shivpuri, Head - Sales Operations, Alpha Technical Services.
The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,
At Tyresoles, we focus on lowering our customers' tyre costs. We work with our customers to reduce the damage and scrap of these new tyres. The more tyres get retreaded, the lower the cost for the fleet, says Karun Sanghi, Managing Director, Tyresoles. Excerpts of the interview.
Despite the muted demand due to lack of new projects in the power sector, the crawler cranes segment is expected to register good growth once the new projects are taken up after the general elections, writes Sudheer Vathiyath.India is a huge market for crawler cranes, especially higher capacity crawlers. This is mainly due to increasing demand in thermal power sector, nuclear power sector, steel plants, refinery expansions and wind power sector. However, the market has slowed down in the last tw
The recent decision of the Supreme Court lifting the ban on iron ore mining in Goa has implications beyond this state as the mining sector's woes have added to the economic slowdown along with low growth in manufacturing. Over the past two years, due to the ban on iron ore mining in Goa, Karnataka and Odisha, the iron ore export fell by 85 per cent or 100 MT and as a result, India, once the world?s third-largest exporter, turned a net importer of the commodity in recent times. The closure of iro
We feel that India will grow and that is why we are here. The advantage we have is that our global leadership is concentrating to present better options for Indian markets, resulting which we have grown above Rs 1,000 crore in India. In spite of the slowdown,
At TIL, we continue to focus on product engineering, new product development and customer satisfaction initiatives, in order to remain competitive. This economic slowdown allows us to intensify our initiatives towards operational excellence,
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
With the government planning for a major infrastructure boom in the North-Eastern states, we foresee a lot of potential for businesses to grow and flourish. The government plans to make investments in roads, railways, air connectivity, cyber and telecom connectivity and power in this region, says Amit Gossain, Vice President - Marketing and Business Development, JCB India. Excerpts of the interview.
Last year, we took an aggressive approach with the launching of new products in spite of the recession. The objective was to be prepared and match customer expectations and take a chunk of market share when the economy turns around, says R Nandagopal, Chief Executive Officer, Construction Equipment Business, Greaves Cotton. Excerpts of the interview.
The country's commercial vehicle (cv) makers have been hit hard by the slowdown. Starting April 2012, sales of medium and heavy commercial vehicles (M&HCVs) fell nearly 12 per cent over the same month in the previous year, the fall has been becoming steeper by the month. Sales of large trucks are driven by investments in mining and infrastructure.
Despite the economic slowdown and contrary to initial apprehensions from the major stakeholders, Excon 2013 turned out to be a success, with OEMs and aggregate and components manufacturers launching a new range of machines and components, and some of them even announcing further investment to augment capacity, in order to meet the expected demand spurt in the coming years.
As per Off-Highway Research, crawler excavators will be the fastest growing product of the near future, and its demand should grow to over 30,000 units in the next four to five years.Excon 2013 bears testimony to the fact that OEMs are gearing up for the anticipated demand for excavators. Some of the leading players either launched new models or showcased upgraded versions. Volvo CE launched two productive and powerful models in the D Series - EC220D and EC300D; JCB showcased its completely
In the excavator segment, JCB offers an unmatched range starting from 8T operating weight (JS81) to 22T operating weight (JS 220LC), to serve the plant hirers, earthmoving and quarrying customer base. At Excon 2013, JCB introduced the JS30 mini excavator and JS360 LC which like all other JCB excavators, offers excellent fuel efficiency, says Vipin Sondhi, Managing Director & CEO, JCB India. Excerpts from the interview.
Bangalore, 23 November 2013: As with any product that requires a large one-time capital expense, financing is a good way for the construction equipment industry to spark demand and acquire new customers. In 2011, India?s earthmoving and construction equipment (ECE) financing industry was valued at Rs.23,000 crore according to the report on ?Roadmap for Realising ECE Industry?s Long Term Potential? released at CII EXCON 2013 - South Asia?s Biggest Construction Equipment Event.
The depreciation of the Indian rupee has had its adverse impact on the manufacturing sector, especially OEMs who import various components. To the extent possible, OEMs are trying to localise production, but that is just a part of it. What the industry is looking is for concrete measures that can bring life back into the economy and trigger growth in a sustainable way.
We have diversified our umbrella beyond trading of AR plates and are providing clients services like CNC plasma cutting, laser cutting, underwater CNC jet cutting, drilling and bending, and fabrication of wear parts, says Bhavesh Mehta, Managing Partner, Leomet Alloys Inc. Excerpts from the interview.
Friends Equipment, engaged in the sales and service of construction equipment, offers a wide range of products at a reasonable price along with spare parts supply. ?To be more close to our customer, we provide operation and maintenance services and the installation and dismantling services for the offered product, says Rajeev Kumar
Low downtime of the machine is a major factor under consideration while buying new equipment. We have a very strong and focused after sale service with a very efficient and trained service staff. We are also looking into new initiatives like SAP enable part support in all our design and mobile service, says Anil Bhatia, Director Sales and Marketing
We have a very strong research and development team that is striving to provide break?through technologies on our equipment. Our focus is now on providing solutions to our customers to keep the operating costs at the minimum level. I will consider this as our value for money proposition in hard times, says Viraj Parthi, India Country Leader
German investors in India take a positive long-term view of the Indian market and continue to invest in their operations and tap growth opportunities. . Maharashtra, with around 39 per cent share of German investments, remains the most attractive destination for German business in India.
In spite of the present slowdown and resultant sluggishness in the CE market, the long- term growth prospects are still intact; and experts view the huge infrastructure deficit as a major growth driver and prudent steps from the government can bring India back on the growth trajectory.
We work closely with our customers and provide the best technology and integral consulting solutions for their projects. Our timely after sales, operation and maintenance services all keep us close to our customers, says Rajeev Kumar, Chief Executive Officer, Friends Equipment.
Over the years, the manufacturing sectors have made remarkable progress in integrating the latest and most advanced systems of material handling into the manufacturing process. There is a perceptible shift towards third-party logistics providers, increased focus on integrated supply chain
The future of material handling equipment is going to be about more automation and easier human control interface, says Tushar Mehendale, Managing Director, ElectroMech. Excerpts from the interview.
Escorts have had the advantage of first mover. The consequent visibility of Escorts-Fassi cranes are high and the quality of these cranes are extremely good, bringing in the good reviews and repeat business. Our current range of cranes includes cranes from 0.8 Tm to 195 Tm in over 60 models and more than 30000 configurations
In the economic slowdown techno?logy plays a role where one becomes more profit conscious and looks for someone like Shell. Our solutions are based on delivering value, says Akhileshwar Jha, Vice President-Technical, Lubricants, Shell India Markets.
Speco is the only company which is constantly upgrading the techno?logy by introducing an air automised burner to reduce the fuel cost. The new design dryer has reduced maintenance. The new vibrating screen design ensures good quality, says VP Mundra, Director, Basic Engineering Equipment.
More projects, faster enviro?nm?ent and forest clearances, support in land acquisition and a general clarity in policy are the key. Any infrastructure project takes time and stability of policy is a must to ensure that investment flows, says DK Vyas, CEO, Srei BNP Paribas.
All bottlenecks on the project execution side, i.e., environmental, land clearances, financial closures, allocation of funds, and awarding of contracts need to be tackled on an immediate basis, or else the industry will see a major down-turn and many good operators will exit the segment, says Rakesh Chandra, Vice President and Risk Head, Shriram Equipment Finance Company. Excerpts from the interview.
Overall slowdown in demand for new equipment, absence of new channels for the deployment of equipment compared to the overall availability, plummeting value of currency, lack of clarity on private coal blocks, highly depressed rental rates - all seems to have had its negative impact on the equipment finance segment.
Absence of big ticket projects such as greenfield power and steel plant projects, crashed out rental rates and surplus of idling equipment, and the cash flow crisis - the overall scenario of the foundation equipment market from the micro point of view seems to be grim, even though from the macro point of view few metro projects seem to have given a bit of relief to the industry.
There is an overall economic slowdown in the market. However, we are confident that once the market conditions improve, there will be a tremendous demand again for foundation equipment as this is the equipment which is required for all major projects involving foundation work, says Surajit Mukherjee, Managing Director, Suretech. Excerpts from the interview.
Our estimate pegs the total demand for tower cranes in India at approximately 600 units. Of these, 85-90 per cent of the demand is from the real estate construction sector, while the remaining 15 per cent comes from power, steel and cement.
We have drawn a three-year plan and in the first tranche, we are well on track. The next three years will be a mixed bag of challenges and opportunities and we will capitalise on the same and consolidate our position to be one of the largest NBFCs in this segment, says Akshaya Nayak, Head Administration and Legal, SEFC.
We have a major focus on our after sales service. The Friends Equipment team is a sales and service provider for heavy machinery and totally dedicated to the construction industry.
Zoomlion has the second biggest population of installed tower cranes in the country across all segments. Over 550 Zoomlion tower cranes are working on various sites across India.
We are working overtime with our OE customers and media supplier's to develop new high-efficiency and high-capacity filters which are a must for new generation engines as reduced clearances to meet stringent emission norms are putting extra pressure on much better contamination control,
Our fully integrated and purpose built manufacturing facility at Kolkata delivers state-of-the-art design, manufacturing and product technologies. TIL distribution network offers mobile cranes: industrial cranes, truck- mounted canes, rough terrain cranes, and all terrain cranes, lattice boom crawler cranes, and lorry loaders
It will be much sensible to ask for a crane functional test and load test certification from a reputed third-party inspector before import. This will restrict the number of junk cranes coming into India. Also, the project people should have very strict controls on quality, selection of suitable equipment and timely completion of the job, says Ajay Kumar Somani, Director, Mobile Crane Division, Liebherr India.
The construction equipment industry is experiencing a slump due to the slowdown in the mining industry as well as delays in infrastructure projects and governmental clearances, shortage of funds, environmental concerns. EQUIPMENT INDIA interacts with some of the major players to get the pulse of the industry.
Today, we are at a turnover of around Rs 850 crore and are looking at increasing the turnover of both the topline and bottomline, says Rajinder Raina, General Manager - Marketing, Escorts Construction Equipment.
In view of the infrastructure development needs in every sector and the government's massive and investment plans, Off-Highway Research forecasts the Indian construction equipment market will grow to over 100,000 units by 2017,
Trident International specialises in the design, development and supply of solid industrial tyres for construction, quarrying, underground mining, port and material handling equipment.
The competition is growing across the world. Even from India the other tyre companies are following BKT's activities very closely," says Arvind Poddar, Chairman & Managing Director, BKT. Excerpts from the interview.
Based on state-of-the-art technology, LiDAT provides information on the location and operation of your machines, enabling their efficient management, optimal operation scheduling and remote supervision
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
The initiatives announced in the Budget and the measures taken outside it together will impact the demand for construction equipment. DK Vyas trains his thoughts on the likely impact of the recent Budget on the CE sector.
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.
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.
The trend of the future is likely to focus more on better technology with world class safety standards. Usage of telematics and electronic fault diagnostic systems is also likely to become a trend in crane design and usage. Over the next few years, the Indian market is likely to follow global best practices and specification standards for
BC India 2013 is a special edition and it has grown tremendously, even in times of general economic slowdown. We will have more exhibition space than in 2011, more exhibitors and expect more visitors. The positive feed?back from exhibitors and visitors showed us that there was a need for a construction equipment show in Mumbai and that we introduced the show at the right time, says Thomas Loffler, Chief Executive Officer, bC Expo India.
JCB offers a world class vibratory soil compactor VM115 and a recently launched 9 T Tandem Roller VMT 860, which are specifically used for road projects. These machines are built specially for Indian roads and are amongst the best at compaction, says Amit Gossain, VP - Marketing & Business Development, JCB India. Excerpts from the interview.
Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.
Looking at the need of infra?structure developments in India in the long run, the CE market has a promising future. We hope that bC India 2013 will contribute to improve current market sentiments, says Thomas Loffler, Chief Executive Officer, bC Expo India. In a chat with EQUIPMENT INDIA, Thomas stresses the fact that they will be able to offer all visitors an even more representative market place at bC India 2013.
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