Action Construction Equipment

Sorab Agarwal, Executive Director - Action Construction Equipment
Sorab Agarwal, Executive Director
Equipment funding is a very important aspect and the recent lockdown and subsequent moratoriums have created an array of problems for the NBFCs and the reason why the CE Industry at the current juncture is feeling a constraint. This needs to be addressed as soon as possible for the benefit of all associated with the infrastructure sector to ensure the desired availability of equipment at the project sites.

The big question today would be the ability of the Government to put in place the required resources and funding to ensure the revival and continuity of Infrastructure development.
Covid-19 is a once in a life-time event and is causing unprecedented effects on the economy and livelihood of people across the globe. The month of April was more or less a complete wash-out for the Construction and the CE Industry and partial activity started only in the month of May.

Action Construction Equipment

There is going to be pain in the short-term for the Infrastructure as well as the CE Industry, as both of them are currently reeling under the ill effects caused by the lockdown: migrant workers being the prime constraint for the construction industry, and the temporary evaporation of demand for equipment being the most prominent one. This phase is expected to continue well into Q2 of this year and hopefully the second half of the year will be better, but I am sure that the situation will normalize around the same time next year.

Infrastructure development has always been on top of the agenda for the Government, as it is perhaps one of the meaningful ways to churn the wheels of the economy. So, I am sure that the Government will continue to take all possible steps to ensure the health of the Infrastructure sector. But the big question today would be the ability of the Government to put in place the required resources and funding to ensure the revival and continuity of Infrastructure development.

Action Construction Equipment

Contractors, OEMs, Rental Companies and Financial Institutions will have to work hand-in-glove to ensure the viability and sustenance of each other’s businesses.
The demand scenario post Covid-19 lockdown has been bleak so far and is the biggest challenge being faced by the CE industry in the short term. The other two major challenges would be to ensure liquidity and viability of the ventures with 50% reduced business scenario. Contractors, OEMs, Rental Companies and Financial Institutions will have to work hand-in-glove and ensure the viability and health of each other’s businesses and their sustenance.

Equipment funding is a very important aspect and the recent lockdown and subsequent moratoriums have created an array of problems for the NBFCs and the reason why the CE Industry at the current juncture is feeling a constraint. This needs to be addressed as soon as possible for the benefit of all associated with the infrastructure sector to ensure the desired availability of equipment at the project sites.

Action Construction Equipment

Our country is already using technologically advanced machinery for road construction, which is comparable to that of our global peers.
Going forward, further digital inclusions in the machines for mapping, controlling, and assisting in increasing productivity and reducing costs, will be the need of the hour, and we are working on the same at ACE. Over the years, a lot of high-end and critical components have been indigenized and this is a continuous process, which primarily depends on the consumption patterns of such components and aggregates within the country. Most of the leading global component manufacturers have set up shop in India and we really do not foresee much of the demand supply gap over the next few years.

NBM&CW July 2020

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 ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week