Sandeep Singh, President, iCEMA & Managing Director, Tata Hitachi

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 finances. So, it is in the best interest of all concerned to defer bauma CONEXPO INDIA from Nov ’20 to Feb ’21.

Now that the lockdown has eased and normalcy is slowly returning, will the CE sector see improved performance in the next quarters?
As you are aware, the scale and spread of the pandemic has played havoc with lives as well as the economy. At this stage, governments across the world and the medical researchers are still grappling with the containment of the virus. Given the situation and the lack of a clear visibility on when exactly the pandemic will be contained, it is a challenge to make a clear and unambiguous projection.

The fact of the matter is that even before the large-scale outbreak of Covid-19, the CE market growth had slowed down considerably. In FY19-20, the drop was to the extent of almost 20% by volume, with a sharp dip in March 2019 (in the early stages of the pandemic). The first quarter of FY20-21 showed a precipitous drop of 50% owing to the lockdown and the resultant shutdown of almost all economic activities.

We expect the second quarter to be only slightly better because of the additional impacts of the monsoon and the financing concerns for construction equipment. We are hopeful that the situation will somewhat stabilize by the last quarter of this fiscal. This, however, depends (as mentioned earlier) on the extent to which the disease can be contained and by when. It will be a while before the situation begins to have a semblance of normalcy.

It is hoped that by Feb 2021 the CE industry will see a surge in economic activities and start of new projects. Hence, the decision to reschedule bauma CONEXPO INDIA to Feb 23-26, 2021. What is your view on this?
Given this current scenario and the fact that the CE Industry is fighting battles on many fronts, including very low levels of plant capacity utilization and sales, and consequent severe impact on company finances, it is in the best interest of all concerned to defer the Expo so that we could look forward to having a successful event in the better days to come. The decision has been reviewed and discussed with the organizers of the event over several months and a consensus was arrived at after taking stock of the situation.

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 ...

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 ...

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 ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week