Construction Industry - Riding the Technology Wave

Construction Industry Riding The Technology Wave

Contractors and real estate developers engaged in infrastructure development discuss the emerging opportunities in the India's construction sector with the government's renewed focus towards fast-tracking projects for timely completion. However, a majority of the companies heads interviewed by the NBM&CW stated that they often have to contend with several challenges during project execution. Challenges include funding issues, clearances and approvals by the authorities, lack of project managerial skills, dearth of skilled workers, lack of access to innovative software and technologies, and, sometimes, lack of project-specific equipment.

They suggest various measures to clear roadblocks for smoother and faster implementation of projects, and digitization of processes to bring greater efficiency and accountability at every stage of a project's construction. Measures include upskilling the workforce with regular training, better coordination between the government agencies, mechanism for dispute resolution, and so on.

They are also unanimous in their opinion that wider adoption of advanced technologies such as Artificial intelligence (AI) and Internet of Things (IoT) can help bring down construction time and operational costs. According to them, these futuristic technologies have immense scope in India and their implementation in construction will bring huge benefits to infra development, especially with projects becoming bigger and more complex.

In fact, the construction industry is undergoing a new phase of modernisation with AI, machine control and IoT making inroads (quicker than expected) around the globe, including India. It is heartening that many companies in India are already accessing a host of technologies, which is bringing about a visible change in their businesses with higher productivity and better performance.

Both the contractors and real estate developers speak optimistically of better managed projects, greater ability to meet challenges that hold up work, better product quality, scheduled completions, and overall satisfaction, with the use of advanced technologies in construction equipment and project management.

Click on the below links to read the viewpoints of the major infrastructure and real estate companies.

NBM&CW July 2019

Excon 2019 unveils new trends, products & technologies

Welcome to this issue of NBM&CW - the sole official publication of Excon 2019. Team NBM Media has gathered a lot of information from the market to give a view of the upcoming trends, new products and technologies that the event Read More ...

Sanjay Saxena, VP & Head (HE and Concrete Business Unit) - Sany Heavy Industries India

Sany is working on an ambious plans to broaden its mobile offerings in India. We will be launching our new 25 and 50-ton truck cranes, and the new SCC 450A, 45-ton crawler crane for piling, concrete pouring and other general erection Read More ...

Bonfiglioli: Setting Benchmarks

Kennady V Kaippally, Country Manager – India, Bonfiglioli Transmissions, discusses the company’s innovations based on its strong R&D and close partnership with major OEMs to offer tailormade solutions for their equipment Read More ...

TIL Limited: Strong on Technology

Anil Bhatia, VP-Sales & Marketing, TIL Limited, is confident that the new regulation restricting the use of old cranes will be instrumental in driving business as demand for new cranes will rise. Sharing details on the company Read More ...

Subir Kumar Chowdhury, MD & CEO - JCB India

As always, JCB will present world-class products, which exhibit innovation in design, performance, efficiency and safety, including the integration of digital technology. We will continue to build on our ‘Intelli’ series Read More ...

Sandeep Singh, Managing Director - Tata Hitachi

Tata Hitachi has the largest range of excavators in the country straddling the entire range of customer requirements from 2T to 800T mining range. This is further supplemented by our all-new backhoe loader – Shinrai – and the TL340H Read More ...

Arvind K Garg, Executive Vice-President & Head - L&T Construction & Mining Machinery

We are taking a lot of digitalization initiatives to enhance customer value, machine performance and productivity, and will showcase our digital applications and capabilities. We have integrated Komtrax ICT tools with our Read More ...

Abhijeet Pai, President - Puzzolana Group

Engineering advances with respect to the technological needs of the day is a part of our curriculum. We have launched the Horizontal Impactors & Vertical Impact Crushers in Crawlers. Our Cone Crusher Model PCC 33150 can take Read More ...

Sorab Agarwal, Executive Director - Action Construction Equipment

As one of the major exhibitors at the much-coveted EXCON tradeshow, it will once again be a very special year for ACE as we gear up to showcase our latest products - Rotary Piling Rigs, next-gen NX-series of Cranes including Read More ...

Jaideep Shekhar, Managing Director(Asia & EMEAR) - TEREX Materials Processing India

We are currently working on various new product development projects which include new models for our modular range and some new additions for our tracked crushers and conveyors. We will be launching the new Low Level Feeders Read More ...

Ajay Mandahr, CEO - Escorts Construction Equipment

2020 should be a decent year as compared to this year. Government’s infra push, increased mechanisation, and pre-buying due to the new emission norms will result in positive demand. In unit sales, we expect the overall CE volume Read More ...

V.G.Sakthikumar, Managing Director - Schwing Stetter India

Schwing Stetter India will be displaying most of its equipment with smart technologies at the outdoor stall, orange lot, OD21 and OD 37 in 3344 sqm area and at our 12 sqm indoor stall AI 20 in Hall 4 to demonstrate its capabilities Read More ...

Deepak Garg, CEO (India & South Asia) - Sany Group

We will showcase our advanced technology machinery with application-based configurations. For the first time in India, our range of solutions for infrastructure development is now even more innovative, efficient and equipped Read More ...

Vinod Sahay, CEO, Mahindra Truck and Bus Division and Mahindra Construction Equipment Division - Mahindra & Mahindra

We will showcase our smart and modern truck range of BLAZO X 28, BLAZO X 35 and OPTIMO Tipper Applications with innovative fuel smart technology catering to various business needs of the segment. With FURIO, we have become Read More ...

Manish Bhartia, Promoter & MD - CDE Asia

We will be showcasing our patented Combo Technology with all-new Combo X70 Smart mobile washing plant, featuring an intelligent remote monitoring platform and a range of smart features. We hope that Excon will provide us an effective Read More ...

Hafeez Khan, Managing Director - Manitou South Asia

The upcoming norms from Oct 2020 are clear-cut benchmarks for an OEM to provide the most productive machine with good fuel efficiency. Our plant in Greater Noida is working hard to provide machines with the lowest emissions Read More ...
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