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 sector.

Currently, the biggest challenge for the revival of the Infra sector is availability of financing and for associated industries like Construction Equipment.
The government’s National Infrastructure Plan provides a clear road map with sector wise objectives for Infrastructure in every aspect for India. Currently, the biggest challenge for the revival of the sector is availability of financing for this sector and for associated industries like Construction Equipment. In addition, to bring activity levels back to some normalcy, Government needs to ensure pending bills of contractors are paid quickly. The cash flow situation in power sector also needs to be solved urgently as state government finances are not in good shape. The central government should take the lead and form a time bound task force of ministers that can review progress reports and identify specific issues to be resolved. After all, the Infra sector is key to the economic revival of the Indian economy.

OEMs and dealers need to work together and ensure that customers continue to be supported.
2020 is a year of surviving in a tough Covid-impacted market. Focus on cost management and at the same time managing inflationary pressure on the input side, are key. Factory absorption will be challenged, putting pressure on OEM financials. OEMs and dealers need to work together, communicate closely, and ensure that customers who are operating continue to get the support they deserve. Year 2021 could see a demand revival as the impact of the pandemic wanes. However, it is still an uncertain situation and planning ahead will remain a challenge for 2021.

I believe that the decision of rescheduling bauma CONEXPO INDIA to Feb 2021 is the right move at this juncture.
With tight business situation, manufacturers ability to maintain discretionary spending is low and I would say that exhibitors in general need to have a flexible approach. Online expos will need to be looked at and focus must be on enhancing the expo experience. I would not comment on the Feb 2021 timing yet, as it is tough to plan for shows without seeing a clear revival of demand.
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