Ajay Mandahr, CEO, Escorts Construction Equipment

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, FY’21 is expected from the pent-up demand and increased mechanization of 5-10% resulting from reverse migration of labour.

It is imperative for the economy to attract FDI in Infrastructure.
Covid-19 pandemic and the uncertainty resulting for the same has disrupted the sector negatively. Last year, the industry was down 25% (YoY) and in Q-1, FY’21, the market has been majorly washed out. The general expectation (or speculations) doing the rounds in the industry is that the market will start to show some respectable (read profitable) demand from Oct’20 onwards.

Historically, the demand growth for CE has been correlated to government spend on Infrastructural activities. In the current pandemic scenario, it’s vital that the government ramps up the infrastructure spending. With PM’s vision of US$ 5 trillion economy by 2025, it’s important to put on track the Infrastructure development (the engine of growth) at the earliest. Liquidity is facing a strong headwind due to the economic slowdown and hence it’s imperative for the economy to attract FDIs in Infrastructure. A few aggressive initiatives and faster monetization of the completed projects could provide the much-needed investments and liquidity for the new projects.

We expect 20-25% growth of the CE sector from next year onwards for the next 3-4 years.
The Government has proactively removed some major obstacles in attracting investments viz. 90% acquisition of land before contract award, new alignments for land acquisition, cost optimization, simplified environment clearance, etc. 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, FY’21 is expected from the pent-up demand and increased mechanization of 5-10% resulting from reverse migration of labour.

Rescheduling of bauma CONEXPO INDIA to Feb 2021 was inevitable given the current uncertainty and demand contraction.
Given the current pandemic situation and keeping in view the health and safety related challenges, this rescheduling was inevitable. Further, given the uncertainty and major demand contractions, most of the companies would like to preserve cash. In the list of priorities, exhibition participation would be stacked lower than employee safety and welfare, digital investments, product developments, etc.

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 ...

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 ...

K. Jalandhar Reddy, Executive Director, KNR Construction

Artificial intelligence, robots, and machine learning improve worker productivity in construction sites, cut down project costs and improve Read More ...
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