An Optimistic Industry Banks on Technologically Advanced Machines for Faster Project Completion & Profitability

Advanced Machines for Faster Project Completion

The Infrastructure sector is experiencing a lot of uncertainty due to Covid-19 as the pandemic has disrupted construction activities across the world. Industry experts are of view that the Construction Equipment and Infrastructure Sector will bounce back by Q1 of 2021 as by that time, the pandemic would have come down to its lowest level, plus the effect of the Government’s economic revival efforts, especially in infra projects, would become quite visible.

Against this backdrop NBM&CW speaks with major Equipment Manufacturers, Industry Associations, Contractors, Developers, and Technology companies on the current developments and growth prospects of the CE industry. A majority of the persons interviewed are confident that the government’s plans and initiatives will bring the Infra sector back on its earlier growth track. The stimulus package of ₹20 lakh crore announced will help the economy towards recovery and the infra industry will also rebound. Many hold the view that increasing mechanization with use of tech-enabled equipment will help in faster project completion, especially of stalled projects, and are keenly looking at the options available.

Bhupinder Singh, CEO, bauma CONEXPO INDIA

Exhibitors have welcomed the new dates for bauma CONEXPO INDIA as it will allow companies time to recover from the ongoing crisis and stabilise operations Read More ...

Arvind K. Garg, Chairman, bauma CONEXPO INDIA - Task Force and Executive Vice President and Head - Construction and Mining Machinery Business at Larsen & Toubro

Rescheduling the event to February 2021, would act as a catalyst in the Read More ...

Sandeep Singh, President, iCEMA & Managing Director, Tata Hitachi

The CE Industry is fighting battles on many fronts, including very low levels of plant capacity utilization and sales, and consequent impact on company Read More ...

Mu. Moahan, President, BAI

The government’s new urban development mission and the partnership agreements between urban local bodies and foreign players are expected Read More ...

Dimitrov Krishnan, MD, Volvo CE India

The central government should form a task force of ministers to review progress reports and identify issues that need to be resolved to kickstart the Infra Read More ...

Ramesh Palagiri, MD & CEO, Wirtgen India

Rebooting activities in the Infra sector and more so in the road sector is critical for the economy. We expect the road construction activity to pick up pace from Read More ...

Deepak Garg, Managing Director, SANY India & SOUTH ASIA

Technological evolution at frequent intervals, manpower management, right allocation of budget, and efficient management of cash flow Read More ...

Devendra Kumar Vyas, MD - Srei Equipment Finance Limited

The Government’s commitment is evident from its initiative of setting up NIP involving investments of Rs. 111 trillion over five years up to 2025. Read More ...

Jasmeet Singh, AVP, Corporate Communications, JCB India

Going forward, two key sectors are set to emerge and drive demand for construction equipment – first being the development of infrastructure in Read More ...

Sorab Agarwal, Executive Director, ACE

The CE industry will see growth in FY2022 - in similar numbers as seen in FY2020 - as are we are sure that the Government will find ways to keep the ball rolling Read More ...

Anuj Dayal, Executive Director, Corporate Communication, DMRC

Despite use of cutting-edge technologies in construction, mammoth projects are still dependent on labour involvement and their shortage Read More ...

Anand Sundaresan, Managing Director, Ammann India

Going forward, from FY 2021 beginning, we can expect many contracts being finalized by the Central and State governments Read More ...

Ajay Mandahr, CEO, Escorts Construction Equipment

The CE sector has a great future ahead and we expect 20-25% growth from next year onwards for the next 3-4 years. The anticipated recovery in the H-2 Read More ...

Puneet Vidyarthi, Brand Leader, CASE India

We are confident that the several measures announced by the government to reinvigorate the infra sector and revive the economy will help bring back Read More ...

Jaideep Shekhar, MD (Asia & EMEAR), TEREX Materials Processing India

We expect to see a modest growth in demand in 2021 vs 2020 and then a much steeper growth 2022 onwards. Most of the demand is expected to come Read More ...

Abhijeet Pai, President, Puzzolana

Since there is a lot of scepticism in the banks and NBFCs, we should take a more collaborative approach with the lenders so that they can repose more faith Read More ...

K. Jalandhar Reddy, Executive Director, KNR Construction

Artificial intelligence, robots, and machine learning improve worker productivity in construction sites, cut down project costs and improve Read More ...

Rajiv Chaturvedi, Vice President- Sales & Marketing, After Service & Parts, Hyundai

The year 2021 is expected to be the Year of Revival, with demand coming up for specialized and digitally smart machines, wherein mechanization and Read More ...

Subhash Sethi, Chairman, SPML Infra

Digital transformation in infrastructure sector is overdue and will now be expedited. In fact, technology companies at bauma CONEXPO INDIA in Feb ‘21 Read More ...

Premraj Kashyap, MD, KYB Conmat India

2021 will be the year of revival and I envisage demand coming from ports, railways, and industrial development. Read More ...

P.V. Prasanth, Director - Operations & Technology, Shapoorji Pallonji E&C

In FY 2021-22, we expect the industry to return to the pre-Covid levels of activity and financial turnover. The construction industry has to Read More ...

Satin Sachdeva, Founder & Secretary General, CERA

The rental market is expected to be quite bullish in FY2021 due to the uncertainty in the market and to avoid high capital spending, contractors and Read More ...

Lincoln Bennet Rodrigues, Founder & Chairman, Bennet & Bernard Group

The unprecedented situation that has arisen out of the pandemic has encouraged the entire business fraternity to optimize use of digital Read More ...

Ashwin Reddy, MD, Aparna Enterprises

The Government should start the spending on Infrastructure which will give a boost to the private sector as well. Also, banks and financial institutions should be Read More ...

Surendra Hiranandani, CMD, House of Hiranandani

Investment in innovative technologies and new digital marketing techniques will continue in the post Covid conditions, and (possibly) become Read More ...
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