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
The assured huge investment in Infra projects by government will create demand for CE
The government has assured huge investment in infrastructure projects and we are hopeful that these projects will be awarded quickly, which will create demand for construction equipment. Along with this, NBFCs should start releasing funds for equipment purchase which currently is not to the level as expected, as they are closely reviewing the credit worthiness of contractors, especially of those who have availed the facility of moratorium. Having said that, we hope that these are a temporary phenomenon which will be settled soon as we are quite confident on the initiatives and investments proposed by the government on infrastructure projects.
The recent award of contract for many road packages by MoRTH is a major step towards kick starting the economy. We expect to be awarded many contracts in the road sector in the near future. Our association – iCEMA - is also having regular interactions with many state governments and these discussions have been very positive. So, going forward, from the beginning of FY 2021, we can expect many contracts being finalized by the Central and some State governments, which will benefit the construction equipment industry.
Travel restrictions and fear of virus are still there so it is undoubtedly a wise decision to reschedule the expo to Feb 2021
The year 2020-2021 has been very challenging for everyone; travel restrictions and fear of the virus are still there as no one wants to take a chance. So, I would say that, firstly, more contracts should flow in from the government, and, secondly, we should see the pandemic coming under control. My take on bauma CONEXPO INDIA is that the participation will be lukewarm.
The assured huge investment in Infra projects by government will create demand for CE
The government has assured huge investment in infrastructure projects and we are hopeful that these projects will be awarded quickly, which will create demand for construction equipment. Along with this, NBFCs should start releasing funds for equipment purchase which currently is not to the level as expected, as they are closely reviewing the credit worthiness of contractors, especially of those who have availed the facility of moratorium. Having said that, we hope that these are a temporary phenomenon which will be settled soon as we are quite confident on the initiatives and investments proposed by the government on infrastructure projects.
The recent award of contract for many road packages by MoRTH is a major step towards kick starting the economy. We expect to be awarded many contracts in the road sector in the near future. Our association – iCEMA - is also having regular interactions with many state governments and these discussions have been very positive. So, going forward, from the beginning of FY 2021, we can expect many contracts being finalized by the Central and some State governments, which will benefit the construction equipment industry.
Travel restrictions and fear of virus are still there so it is undoubtedly a wise decision to reschedule the expo to Feb 2021
The year 2020-2021 has been very challenging for everyone; travel restrictions and fear of the virus are still there as no one wants to take a chance. So, I would say that, firstly, more contracts should flow in from the government, and, secondly, we should see the pandemic coming under control. My take on bauma CONEXPO INDIA is that the participation will be lukewarm.