Deepak Garg, Managing Director, SANY India & SOUTH ASIA
Adaptation of mechanized solutions that increase efficiency and reduce dependency on manual labour can help in a fast track recovery of the Infra Sector.
Given the present pandemic situation due to the novel Coronavirus, all the sectors of the economy, especially the infrastructure sector is witnessing a considerable negative impact in the short to medium term. The reasons for the same may vary from construction halt, labour crunch, and severe working capital pressure. In such a scenario, a few factors can play a big role in sustaining the growth prospects of the infrastructure sector.
Adaptation of mechanized solutions that increase efficiency and reduce dependency on manual labour can help in achieving a fast track recovery. Technology enablers like Internet of Things (IOT) which enhance equipment efficiency, and real time information transfer can be a saviour for the sector. Further, restarting halted government projects in a phased manner, can bring the industry back on track.
In addition, overall technological evolution at frequent intervals, proper manpower management, right allocation of budget, and efficiently managing the cash flow requirement for day-to-day operations leading to better financial management, can also help the infrastructure sector to thrive in a better way in the present scenario.
The mining industry would be one of the major demand drivers for the CE industry in the times to come.
Undoubtedly, for every business sector, 2020 is the year of survival and the CE sector is no different. However, 2021 can prove to be the year of revival for the CE sector. The increase in government budgetary allocation to infrastructure sector will result in a lot of growth for the CE industry and also due to the booming mining industry in the country. This could be seen from the fact that the government has recently introduced commercial mining in the coal sector.
That said, the mineral rich soil of the country has always presented umpteen mining opportunities and in future, the demand for essential minerals is only expected to increase. So, having a direct correlation with the CE sector, mining industry would be one of the major demand drivers in the times to come.
The CE segment’s participation in bauma CONEXPO INDIA in Feb ‘21 may give a considerable boost to their business after the current slowdown.
The rescheduling of bauma CONEXPO INDIA from November 3-6, 2020 to February 23-26, 2021 in Gurugram/New Delhi due to the ongoing pandemic situation, is a very strategic move on the part of the organizers and a boon for the participants as well. Since it is one of the best platforms to showcase machines and interact with the customers, it would be very vital for the CE segment and its players to participate in the trade fair after the current slowdown caused due to the Covid-19 situation, as it may give a boost to their business considerably.
