Puneet Vidyarthi, Brand Leader, CASE India

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 the construction sector on track and subsequently generate adequate equipment demand.

The government is trying its best to tackle the current slowdown in construction activities and has announced several measures to reinvigorate the infra sector and revive the economy.
Recent announcements made by Nitin Gadkari, Union Minister of Transport and Highways, have ensured that the sector will reinvigorate soon. MoRTH has also set a target to build 12,000 km highways for the current financial year and has ensured that it will reduce the build-up of arbitration cases. The Government has also partially released bank guarantees, which will help in releasing some liquidity for the contractors. Recently, NHAI announced the removal of land acquisition hurdles which will speed up the project completion rate. We are hopeful that these initiatives will have a positive impact on the infrastructure sector and subsequently on the economy as well.

We are confident that the measures announced by the government will help bring back the construction sector on track and subsequently generate adequate equipment demand.
The government has announced a number of new projects and several policy decisions have been taken to ensure smooth project clearances and operations. The Ministry has permitted building 34,800 km of national highways in 5 years with an expected cost of Rs 5.35 lakh crore in Phase-I of Bharatmala Pariyojana and NHAI has been mandated to build 27,500 km.

In order to ensure liquidity for ongoing projects, the government has announced quick disbursal of pending payment to the vendors. The Ministry is also working to reduce arbitration cases and has eased land acquisition process. It has also set mechanisms for fast clearances of projects and has started evaluating bids for highway projects of more than 1,300 km and another 1,500 km are ready for bidding. We are confident that these measures will help bring back the construction sector on track and subsequently generate adequate equipment demand.

We, at CASE India, are eagerly waiting to be a part of bauma CONEXPO INDIA in Feb 2021.
We understand that in the current situation, safety of all exhibitors and visitors is of paramount importance. Considering the magnitude of the event, it is necessary that adequate time and resources be available to all stakeholders to ensure proper planning. We’re hopeful that the situation will be conducive by February 2021 and are eagerly waiting to be a part of the event.
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