Sorab Agarwal, Executive Director, ACE

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.

Increased investment in infrastructure sector will ensure economic growth.
The Infrastructure sector, just like other sectors, has taken a beating because of the pandemic; the work progress and revenue generation has gone down significantly in the last quarter. Even in the current quarter, the work is progressing at a slow speed due to migrant labour issues and the monsoons. On a whole year basis, construction activity is expected to go down by at least 15%. The only way to rev up the infrastructure sector post the monsoons would be to ensure increased investments into the sector, which is also necessary to turn the wheels of the economy and ensure economic growth.

We expect the CE industry to pick up after September and be near normalcy by end of FY2021.
The first 2 quarters of FY2021 will be the quarters for survival but we feel that the CE industry should get back on track after September and be somewhere near normalcy by end of FY2021. On account of low base of FY2021, the CE industry would witness growth in FY2022 - somewhat in similar numbers as compared to FY2020. The CE industry is dependent on infrastructure development and we are sure that the Government will find the ways and means to keep the ball rolling.

February 2021 seems to be an opportune time to hold bauma CONEXPO INDIA as the CE industry as well as the Infrastructure sector would also be back on track.
We feel that it is a very wise decision to postpone bauma CONEXPO INDIA to Feb 21 (which was supposed to held in the latter part of this year) as due to the Covid fear, participation from the CE Industry and the visitorship would have been limited. By Feb 2021, the CE industry and the Infrastructure sector would also be back on track towards normalization.

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 ...

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 ...

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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