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 in the equipment purchaser.
The demand factors have been strengthened with the government taking various steps to promote infrastructure growth such as its ambitious road development program.
There is no shortage of demand actually; rather, the demand factors have been strengthened further with the government taking various initiatives to promote infrastructure growth such as its ambitious road development program. However, the CE industry is facing a paucity of funds from the banks and non-banking finance companies, due to reasons quite obviously related to non-performing assets.
The present Covid-19 scenario has been another dampener. We have to wait and see how soon the situation normalizes and brings back the earlier level of business confidence in the prospective equipment owners. Since there is a lot of skepticism in the banks and NBFCs, we should take a more collaborative approach with the lenders so that they can repose more faith in the equipment purchaser.
Demand of equipment can be propelled through proactive engagement with customers during the current challenging period, when customers are looking to lower their operating costs while enhancing productivity. Engaging with customers will enable the manufacturers to understand their requirements, which, in turn, will facilitate new product developments, innovative solutions for higher efficiencies in operation, productivity, and ease of maintenance.
The organizers of bauma CONEXPO INDIA must package the upcoming event in a manner that will help us draw business after the lull.
Rescheduling the bauma CONEXPO INDIA dates to February 2021 is the right decision in view of the aftermath of Covid-19. The Conexpo USA was a lackluster event due to very low participation by the OEMs and the visitors. bauma CONEXPO INDIA has been an important platform to showcase our products and drive business, however, it will be vital for the organizers to package the future event in a manner that will help us draw business after the lull.
The demand factors have been strengthened with the government taking various steps to promote infrastructure growth such as its ambitious road development program.
There is no shortage of demand actually; rather, the demand factors have been strengthened further with the government taking various initiatives to promote infrastructure growth such as its ambitious road development program. However, the CE industry is facing a paucity of funds from the banks and non-banking finance companies, due to reasons quite obviously related to non-performing assets.
The present Covid-19 scenario has been another dampener. We have to wait and see how soon the situation normalizes and brings back the earlier level of business confidence in the prospective equipment owners. Since there is a lot of skepticism in the banks and NBFCs, we should take a more collaborative approach with the lenders so that they can repose more faith in the equipment purchaser.
Demand of equipment can be propelled through proactive engagement with customers during the current challenging period, when customers are looking to lower their operating costs while enhancing productivity. Engaging with customers will enable the manufacturers to understand their requirements, which, in turn, will facilitate new product developments, innovative solutions for higher efficiencies in operation, productivity, and ease of maintenance.
The organizers of bauma CONEXPO INDIA must package the upcoming event in a manner that will help us draw business after the lull.
Rescheduling the bauma CONEXPO INDIA dates to February 2021 is the right decision in view of the aftermath of Covid-19. The Conexpo USA was a lackluster event due to very low participation by the OEMs and the visitors. bauma CONEXPO INDIA has been an important platform to showcase our products and drive business, however, it will be vital for the organizers to package the future event in a manner that will help us draw business after the lull.