Wirtgen Group

Ramesh Palagiri, Managing Director - Wirtgen Group
Ramesh Palagiri, Managing Director
The Indian construction equipment industry volumes have doubled since 2015 and most manufacturers have already increased their capacities to meet the peak demand and the anticipated demand, expecting the boom to continue. However, today, we are at less than 50% or even lesser capacity utilization. So, there is adequate capacity with most manufacturers and component part manufacturers to meet anticipated growth in demand starting next year and over the next few years.

Over the short term until August 2020, we expect the activity in the infrastructure sector, the road sector and also the equipment sector to be at a lower level and we expect things to start picking up from September onwards and for the situation to perhaps come back to normal could possibly be around the same time next year.
Every calamity pushes us to look at new ways, innovative ways, and at alternate ways of doing the same things. We shall be much stronger once we come out of the Covid crisis. Currently, for the CE industry, demand shortage and demand uncertainty is our biggest challenge. The second challenge is with regard to our supply chain - getting various components from within India and from abroad – on time, to meet the demand - as and when it picks up. The third challenge is trying to meet our customer expectations in terms of service and spare parts support due to the various restrictions imposed due to the pandemic.

The need of the hour is more long-term investments at low interest rates for infrastructure development.
NHAI and the government have taken a lot of initiatives to help the contractors. One of them is to release all the pending payments which will help the liquidity for the contractors as their revenues have come down dramatically in the last 2-3 months. There is a need to get more long term investments at low interest rates for the infrastructure like roads which will help this sector. We definitely need more investments to come from outside as well for the government to fulfil its ambitions plans that are in the pipeline for national infrastructure development.

Wirtgen Group

Digitization and mechanization are the only way forward for a healthy and prosperous construction industry.
Over the past several years, MoRTH has been encouraging the use of new technologies and equipment to speed up the construction work and also to take care of the aggregate shortage. This trend will continue and definitely benefit the sector in terms of speedy constructions and quality jobs. Beginning next year and over the next 3-4, years there will be good work done in the road sector.

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 ...
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