Devendra Kumar Vyas, MD - Srei Equipment Finance Limited

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.
The infrastructure and real estate sectors have been experiencing tough times and the scenario is likely to remain grim till the overall health scenario improves. However, the long-term story of the sector remains intact as the Government is committed to building a world-class infrastructure in the country. This is evident from its initiative of setting up NIP - the national infrastructure pipeline of projects - involving investments of Rs. 111 trillion over five years up to 2025. The green shoots of recovery can already be seen in various equipment classes such as the backhoe loader that has grown by 32% y-o-y in Jul’20 and by 10% over the previous month.

The rental and leasing market offers a key opportunity; leasing penetration is expected to improve from 3% to 10%.
CE industry forms ~20% of a project cost, and in times like these, every contractor is looking to reduce its project cost. Hence, we are observing a shift in consumer behavior - from owning equipment to renting equipment - to save capital. The rental and leasing market will therefore be a key opportunity for the industry. The leasing penetration of India is expected to improve from 3% to 10%. The rental business releases plenty of capital in the system, and going forward, the industry needs to capitalize on rental opportunities.

Another important focus point for this year would be on used equipment because there are a lot of resources which are under-utilized and lying in different pockets. So, people would like to own that equipment as it will reduce their cost of acquiring new equipment.

Financial institutions on the other hand are de-risking their balance sheets through co-lending partnerships with banks. The co-lending model attempts to leverage the reach and distribution capabilities of NBFCs and low-cost funds of the banking industry in order to service the priority sector.

Postponing bauma CONEXPO INDIA to 2021 is in the best interests of the exhibitors and visitors as it will give them more time and resources to participate.
Covid has deeply impacted the human force as well as the economies across the globe. In these unprecedented times, the decision to postpone bauma CONEXPO INDIA to 2021 is in the best interests of the exhibitors and visitors as it will give time and resources to enable exhibitors to participate in the 2021 edition and visitors from across the country can participate in the trade fair without any complications.

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 ...

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 ...

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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