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Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

Make in Steel 2020

Given the long-term pipeline of infrastructure projects in India, the growth opportunity for the country's steel sector is immense.

CE Market to Bounce Back

Off-Highway Research forecasts that the market for construction equipment (CE) will dip in 2019 but follow an upward trend thereafter during 2020-2023. Samir Bansal elaborates.

Flurry of road bids expected

According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.

Poised to Grow

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.

We have the widest range of oils to meet all requirements

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.

Transition to underground mining is around the corner

In the near future, there will be hardly any deposits left near surface and hence the underground operation shall become more prominent.

CE industry will continue to witness a healthy growth

The overall construction equipment (CE) industry had a good FY2018-19 for all class of equipment and has recorded the highest volumes ever.

Growth ahead, no skidding!

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.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

Getting back on track

The verdict is out! GDP growth at 7.7 per cent is the highest in nine quarters. Construction growth at 11.5 per cent, manufacturing at 9 per cent apart from agriculture have been positive contributors.

Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

Infrastructure Revival to Push CE Growth

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.

Infrastructure on fast track

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.

Scaling up skills

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.

A Constructive Budget

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.

Piggybacking earthmovers growth

Transportation of raw and processed materials to the desired location is the next but most essential activity arising out of earthmoving. In the infrastructure space, 5-35 tonne payload capacity tippers and dumpers are extensively utilised for this purpose.

Budget Reaction | Kotak Mahindra Bank

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.

Bosch India offers drive and control solutions for India?s mining sector

In India, the Bosch Group has its presence in the mining industry with Bosch Rexroth offering drive and control solutions and other divisions offering fuel injection systems. Bosch will tie up with local system integrators for retrofit projects to offer end-to-end solutions.

Bosch India offers drive and control solutions for India?s mining sector

In India, the Bosch Group has its presence in the mining industry with Bosch Rexroth offering drive and control solutions and other divisions offering fuel injection systems for mining equipment and security technologies. To gain deeper penetration, Bosch will be tying up with local system integrators for retrofit projects to offer end-to-end solutions.

Brexit?s Impact on India

Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out.

Rajya Sabha passes GST Bill

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.

Waking up to New Demand

The demand for crawler dozers is expected to be driven by the various government-sponsored infrastructure projects coming up in the country, and the new momentum in the mining industry.

Outlook 2016 Positive

IMF economists predict 7.9 per cent GDP growth for India in 2016, subject to continuity of investments in infrastructure and implementation of significant commercial reforms like GST

We are independently participating in Excon for the first time

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.

Power Tools Evolving

Efficiency, safety and productivity are the three major factors that drive the demand for power tools infuture. Major players in the industry are engaged in the development and introduction of innovative products

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

The Road Ahead

The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.

Mining as a Demand Puller

India is well endowed in terms of most minerals and the country?s mining sector has great potential. While demand for commodities has been strong, supply has been constrained. This has resulted in increased import.

Credit demand may pick up in the second half of FY 2015-16

In July 2014, the current government presented its first budget which was predominantly growth-oriented. The announcements made in the budget represented measures to tame inflation and provide a boost to investments in manufacturing and infrastructure sector.

Lifting Solutions

The future trend in material handling systems will be towards lighter, higher-efficiency equipment. The power consumption, material of construction, operating noise levels and eco-friendly features of this equipment will play a big role while introducing

B-DAY

It is finally official! India's $1.8 trillion economy grew almost 50 per cent faster in 2013-14 than earlier thought. The economy grew 6.9 per cent, not the 4.7 per cent as per chief statistician TCA Anant.The new methodology for measuring GDP

The Road Ahead

The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India.

Demand for mining equipment from PSUs is expected to increase

Gmmco is fully geared up to serve its customers with efficient product support, so they achieve maximum uptime and productivity of CAT fleet, says S Ananthakrishnan, AVP, Mining Project Sales, Gmmco. Excerpts from the interview.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India

Demand for mining equipment from PSUs is expected to increase

Gmmco is fully geared up to serve its customers with efficient product support, so they achieve maximum uptime and productivity of CAT fleet, says S Ananthakrishnan, AVP, Mining Project Sales, Gmmco.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold. The mining sector has gone through major challenges in the last few years. For instance, the CE industry

Emerging Trends

Introduction of GST, more focus on palletisation, and expected opening up of retail segment are expected to boost the demand for forklifts.

Batching solutions

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.

Rwanda partner country at Automation expo

THE Republic of Rwanda will participate in the international exhibition AUTOMATION-2014 in Mumbai as a partner country. The event will be held from 15 to 18 October 2014 at the Bombay Exhibition Centre, Mumbai. Government of Rwanda

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Road 2 recovery

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.

The growth of road equipment segment will be about 15 per cent by 2017

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.

Looking Ahead with Optimism

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.

We are one of the first major players in India to get into cold forging.

We were the first company in India to successfully develop a fracture split connecting rod and this was a major breakthrough at that time. Our engineering capability is what differentiates us from others because of which we can produce very high quality and high precision products for the customers, says Viraj G Kalyani, Executive Vice President, Kalyani Forge. Excerpts from the interview.

What's up doc?

At the 3rd Equipment India conference in September 2012 when I was sharing my views with the equipment captains over coffee, they were apprehensive and I was optimistic.

FM Hopes 6 Persent GDP Growth

Finance Minister P Chidambaram expressed hope that the Indian economy may expand at 6 per cent or slightly more during 2013-14.

Emerging markets to drive global construction

The new report, Global Construction 2025, from Global Construction Perspectives and Oxford Economics, states that developing countries will drive construction growth over the long-term. Although emerging markets are expected to lead the way, the report?s authors cautioned that growth would be more measured than in the past.

Our products set a benchmark by way of enhancing safety and fuel efficiency

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

Upward and mobile

The requirement for higher capacity mobile cranes with advanced features is growing due to continuous change in heavy lift sizes, besides a growing customer preference for mobile cranes with better safety features and technology.

We are widening our product range to become a one-stop solution for customers

Our products are designed and manufactured in such a way that they consume less energy, produce more with better quality, guarantee a substantially longer life of wear parts and require minimum maintenance,

Towards specialised equipment

The Indian market is slowly but steadily moving towards the usage of specialised equipment and attachments. This follows the global trend where specialised equipment is utilised for specialised jobs on tighter project execution timelines.

We will continue to enter the market with revolutionary, fuel-efficient products

LiuGong firmly believes in adopting a customer focused approach in business. Any product enhancement/up gradation is always based on the customer's feedback or requirement,

We cater to the entire value chain from procurement to deployment to disposal.

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.

Offering high quality products at optimum costs is the challenge for people...

There are many announcements from the government which augur well for growth, says VG Sakthikumar, Chief Operating Officer, Schwing Stetter India. Excerpts from the interview.How do you assess the current CE market scenario and its growth prospects in the long term.

Kelley's strengths lie in its technology and innovative product range.

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.

Seeking the way out

Suiwo, the disciple of Hakuin, was a good teacher. During one summer seclusion period, a pupil came to him from a southern island of Japan. Suiwo gave him the problem: "Hear the sound of one hand.The pupil remained three years but could not pass the test. One night, he came in tears to Suiwo.

India showcase

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.

At TIL, safety is a key priority

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

We aim to increase asset size by 65 per cent over the previous year

Fastest response time, large distribution and collection net?work coupled with high risk appetite and complete geographic, customer and asset classes' inclusion gives as an edge over competition in retail segment financing, says Pratap Paode, Chief Executive Officer, SEFC.

Road to elections

Even though the demand for construction equipment for the road sector has been sluggish in 2012, there still exists tremendous potential for the construction equipment industry, given the infrastructure deficit in the country. However, unfortunately, the government has little fiscal headspace and thus, is unable to stimulate growth by undertaking investment in the infrastructure sector.

Quippo has been able to reposition the rental...

Quippo has played a very dominant role in repositioning the industry. The rental industry being a highly operation-centric business, you cannot survive unless you increase or ramp up your operational efficiency.

Using double-barrel and RAP technology will be a necessity

The double-barrel innovation is totally driven by customer need as well as the need of authorities. It actually delivers significant improvements in energy, carbon emission and the total cost of pavement making.

Is the growth story sustainable?

It is crystal clear, to reach world-class levels, infrastructure needs a tremendous boost for the next several years; this will augur well for the CE sector where most of the major players continue to upgrade capacity and widen product lines.

We expect to achieve our target disburse?ment figure for FY12

At Excon, 2011, we are offering some unique innovative products like the Asset Power" with a pre-approved credit limit, which is a co branded card with our manufacturing partner wherein a customer

We will be investing in new product lines and aim to cross the $500-mn turnover mark by 2015

In a significant strategic decision, Terex Corp has recently acquired Demag Cranes, world?s leading German manufacturer of all kinds of cranes, for nearly $1.5 billion.

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

Nawa has been a prime mover in CSE industry since 1998

Track-mounted crushing, screening and conveying equipment are some of the latest innovations in this industry. Nawa will also be introducing this machinery in 2012 in India totally manufactured in Nawa plants.

We are expanding network to be closer to our customers

The complete range of jaw, cone, HSI and VSI crushers offered by the ASTEC Group (Telsmith and KPI-JCI) is available to TIL for exploring the markets in India, says R Nandagopal, Vice President - Equipment & Project Solutions, TIL.

Technology and R&D form the pillars of our growth strategy

?Considering the rapid pace of growth of ?radialisation? across product categories, we are investing heavily in expanding our capacities, both at existing locations and at the new green site location near Chennai,? says AS Mehta, Marketing Director, JK Tyres.

Material Handling Equipment: Steady market Growth

Even though the financial years 2008-09 and 2009-10 were extremely tough for the MHE segment due to the global recession, the industry growth is back to figures of 15 to 20 per cent, and this is expected to sustain over the next few years.

Mining Equipment: Mining Shows Promising Potential

Mining and quarrying activities have contributed significantly to growth, primarily in the sales of large-sized equipment over the last few years. Equipment India finds out the details from some of the major players in the segment.

Earthmoving Equipment: We are the market leaders in vibratory compactors in India

We have redesigned our loader backhoes which makes it one of the lowest fuel consuming machines (fuel consumed per cubic meter production) for both backhoe and loader operations.

Earthmoving Equipment: Moving Up Steadily

At six per cent growth in the economy, infrastructure typically grows at 12 per cent which in turn, fuels the growth of the construction equipment by 20 per cent.

Golden Chance

In a growing economy, the construction equipment market mirrors the patterns of infrastructure development.