Satin Sachdeva, Founder & Secretary General, CERA

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 infrastructure companies will opt more for the rental and leasing model.

The rental industry’s performance has been better in the last one-year as compared to other sectors.
Recent push from government on Infrastructure growth just after agriculture and pharma sector, can be a big turnaround for this sector. We are heading towards decent growth in the infrastructure sector, that is, in roads, metro rails, railways, bridges etc. After the rains, many big projects will take off, resulting in huge employment and further fuelling other commodities and related sectors. Airport infrastructure development will also play a big role.

Though the Equipment Rental market has faced many challenges due to a slowdown in the last one year, and due to the Covid-19 pandemic, which worsened the situation, the silver lining for us is the rental industry’s performance, which has been better in the last one-year as compared to other sectors.

Also, as rental companies operate in bigger spaces, it has been easier for them to follow social distancing norms and take the health precautions prescribed by the government, thus enabling rental companies and infra companies to abide with the Covid distancing norms.

Generally, the monsoons are quite challenging for the rental industry but this year we are foreseeing good demand in the market, given the increased focus of the government on infra development. In fact, we are expecting good growth of the rental industry in the coming years. 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 infrastructure companies will opt more for the rental and leasing model.

It’s a wise decision to reschedule bauma CONEXPO INDIA to Feb 2021.
It’s a wise decision as it’s still difficult to predict the Covid situation in the near future. Looking at the increasing number of Covid cases in our country and across the world, we cannot expect people to go to large social gatherings and exhibitions. The Government has also called for strict social distancing norms. Hopefully, by February 2021, the situation would have improved, and we will see business gatherings once again. Delhi’s climate too will be appropriate in February.

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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