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

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 necessarily embrace new technologies in order to stay relevant in the long run.

A good order backlog with companies, government’s investments in infrastructure projects, and more foreign capital inflows in Real Estate, will continue to drive construction demand.

The business operations in the first two quarters of FY2020-21 have been adversely impacted by the pandemic. We are now in the exit-lockdown phase and are seeing improvements in the labour situation and the supply chain is also getting restored. Things should gradually improve during the remaining period of the year. Most companies have a good order backlog and the government’s investments in infrastructure projects will continue to drive construction demand. In the Real Estate sector, we expect more foreign capital inflows, which will lead to its recovery. In FY 2021-22, we expect the industry to return to the pre-Covid levels of activity and financial turnover.

We expect the emergence of a new set of investors and vendors who will offer services and equipment on pay per use or rental model.
It is also pertinent to note that CAPEX investments will slow down due to the financial stress that most companies are experiencing. However, we expect the emergence of a new set of investors and vendors who will offer services and equipment on pay per use or rental model. In addition, we are exploring alternative financial models for CAPEX investments.

The construction industry has to necessarily embrace new technologies in order to stay relevant in the long run. The Government can facilitate by bringing in technology related incentives to encourage technology adoption.

The organisers have taken the right decision by rescheduling the bauma CONEXPO INDIA event to Feb 2021.
The organisers have taken the right decision by rescheduling the bauma CONEXPO INDIA event to Feb 2021. The rescheduling is unavoidable due to the pandemic situation. Hopefully, the situation would improve by then and the industry leaders and delegates would feel safe enough to attend the event. Another option that could be explored is conducting a virtual expo during the present time. It is more relevant to see the new products and offerings now – when we need them most. Also, the target audience and decision makers are relatively free now to witness such an event.

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 ...

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Dimitrov Krishnan, MD, Volvo CE India

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Ramesh Palagiri, MD & CEO, Wirtgen India

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Deepak Garg, Managing Director, SANY India & SOUTH ASIA

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Devendra Kumar Vyas, MD - Srei Equipment Finance Limited

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Jasmeet Singh, AVP, Corporate Communications, JCB India

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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

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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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