Cashing in Opportunities
With many infrastructure projects in the pipeline, there is a demand for efficient equipment and machinery. Especially big contractors are looking at machinery equipped with latest technology and solutions which can help in execute the project efficiently and complete the project on time. Automatic transmission plays a major role in the machine/vehicle operating system. Major transmission solution providers are keen on Indian market seeing the emerging opportunities for their products and solutions. For e.g., Bonfiglioli is extremely focused on Indian markets. The Italian mutlinational is developing new solutions of track drives for various application in construction equipment like excavators, mini excavators and skid steer loaders. Read our Special Focus for more details. There more multinational players like Allison Transmissions that provide similar solutions in on-off highway vehicles. Automatic transmissions from these players help relieve stress on drivers.
Budget 2017 is around the corner and the components and accessories industry is eager to see the real time measures that the Budget is going to take in the wake of the demonetisation. Every section of the country has a long wish list of their expectations from the upcoming budget relevant to their cause. Also the general demand for compensation towards consequential losses resulting from demonetisation has made the task of the Finance Minister difficult than before. When this edition is out in the market, the Finance Minister will already have presented the Budget. Let?s see what is in store for the country.