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Focus on Infra, Skilling

Experts agree that Budget 2024 aims for more inclusive growth, focusing on job formalisation, agricultural productivity, and MSME support

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

In the next three to five years, we plan to double our business

Sanjay Prasad, Managing Director, Liebherr India

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

FM announces ‘PM-DevINE’ for North East

Union Finance Minister Nirmala Sitharaman announced a new scheme to give impetus to the development of the northeastern region.

Budget 2022: Increased capex outlay for infrastructure development to drive demand for CE

The industry also welcomed the government’s efforts to mitigate the financial challenges of the MSME sector.

FM announces ‘PM-DevINE’ for North East

Union Finance Minister Nirmala Sitharaman on Tuesday announced a new scheme to give impetus to development of the northeastern region.

We expect heavy truck market in India to grow by 60% in 2021

A healthy mix of construction activities, especially affordable housing and de-regulation of the mining sector with proactive private participation are reviving demand for the tippers segment.

One year of lockdown: Real estate sector beating pandemic blues

For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.

CW Maharashtra mega virtual conference focuses on opportunities

Platform at unprecedented scale to attract the biggest names

Green tax imposition on commercial vehicles in India

Rather than exempting certain type of vehicles out of green tax, like alternate fuels like CNG, ethanol, LPG and vehicles used in farming such as tractor, harvester, tiller, etc. the policy should be driven for all internal combustion engine-based vehicles checking for the pollution levels, writes Prasad Sreeram.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

Towards better Mining

The measures announced by the government for mining industry are expected to have a positive impact in the coming years.

SBI sanctions Rs 150 billion loan to MSMEs

State Bank of India has approved Rs 150 billion loan to MSMEs and disbursed Rs 87 billion

Budget 2020

The Budget 2020 presented by Union Finance Minister Nirmala Sitharaman has given thrust on infrastructure development of the country.

New Opportunities

Upcoming infrastructure projects in metro rail, bridges, railway and irrigation are going to drive the demand for foundation equipment in the coming years, writes Karan Chechi.

Building confidence

The coronavirus pandemic has created an unprecedented situation in the construction sector. Once back on track after the lockdown, government will have to take some concrete steps to support the industry and economy.

We expect more packages from the government

Considering further revenue loss and anticipated reduced demand for the upcoming months, we expect more packages from the government, says VG Sakthikumar, Managing Director, Schwing Stetter India.

ACMA seeks relief measures for component industry to withstand COVID 19 impact

The impact of coronavirus over the industry, people and the economy is a grave concern.

Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India?s GDP.

An Uphill Task

Lack of availability of certified skilled equipment operators is a major issue faced by construction contractor in India.

We have pioneered the operator training programmes

JCB India through its 15 centres has already trained close to 30,000 operators, thereby creating employment and entrepreneurship amongst the youth.

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

National Infrastructure Pipeline Gets Set to Flow

The Union Budget 2020-21 heralds the roadmap for investing Rs 103 trillion in the next five years.

Budget 2020: Key takeaways for infrastructure

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.

Infrastructure takes pole position

The Central Government's latest announcement on investment in infrastructure has revalidated the mood that was set by Union Minister Nitin Gadkari at EXCON this December.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

Excon gives us an opportunity to connect to new customers

Simem has been designing and manufacturing machinery and plants for the construction industry for over 50 years. The company now offers a wide range of products specifically designed for the production of concrete.

Govt sets up Rs 250-bn revival fund for realty

The Union Cabinet has approved constituting a Rs 250-billion alternative investment fund (AIF) for the revival of around 1,600 stalled housing projects across major cities in the country.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

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.

Infrastructure 2.0

Infrastructure development has always been on top of the agenda for our country. Every government has given due importance for the development of infrastructure facilities such as roads, railways, ports, airports, and industrial infrastructure of the country.

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.

Budget 2018-19: Infrastructure, Rural Development key

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.

ICEMA Wins,Ban Dropped

Recently, the Supreme Court heard an application by the Indian Construction Equipment Manufacturers' Association (ICEMA) and the Tractor Manufacturers' Association (TMA) as they sought a clarification on the ban on the registration of BS-III vehicles after March 31, 2017.

Cashing in Opportunities

Large-scale hybridisation and automatic features have been and are being introduced in power transmission systems and assemblies for construction equipment, trucks and dumpers being manufactured in the country. Interestingly, electronic sensing for ensuring multi-mode power transmission, Telematics tracking and inbuilt diagnostics features are fast becoming standard equipment for OE supplies.

BUDGET 2017 | EXPECTATIONS

February 1, 2017 is the date set for presenting Budget 2017 by the Hon?ble Finance Minister, a significant deviation from the earlier end-February fixture. This budget comes at a time when the country has been reeling under the shock waves of the recent demonetisation of high value currency notes by the government.

INDIA INSULATED FROM BREXIT FALLOUT

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.

Palletisation can bring in higher throughput and desired efficiency

The estimated market size of the total Indian logistics market is to the tune of $200 billion and it generates employment for close to 50 million people in our country.

We expect a CAGR of 10 per cent during 2016-2020 in material handling sector

With the Prime Minister?s ambitious plan of ?Make In India? taking root, we expect to see good growth in manufacturing and consequently in logistics and distribution activities for the next few years,? says Cavas Dumasia, Vice President - Sales & Marketing, Godrej Material Handling Division.

Material Handling: Meteoric Rise

Modern warehousing and inter modal logistics industry initiatives in India, have redefined how business is conducted in the country in most industry sectors as well as its geographic regions.

Container Handling: Future?s Bright

Differential rates of RTO tax and entry tax a challenge

Large number of heavy cranes has entered the market. Companies like Reliance have purchased their own cranes. As such rental would be very difficult when infrastructure development commences within next six to nine months.

Differential rates of RTO tax and entry tax is a major challenge

There are no trained or licensed operators. It is a lacuna and we have approached the MOT Nitin Gadkari?s office but they do understand our requirement of Operator License.

Budget bites

The Union Government recognising the need for revival of investment cycle had already extended the excise duty cut on capital goods for another six months in June 2014 itself.

Movers & shakers

Execution is the Driving Mantra

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

8,500 km by March 2015: How Realistic is the Target?

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,

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.