Sunday, December 17, 2017

Equipment Sphere

Booster shot

With the new political dispensation underlining the importance of infrastructure by kickstarting projects the CE industry is all set to raise its profile

 

Presently in India, there is a potential ground of opportunities for the construction sector. The country is in a crucial phase of development where numerous projects are running in different regions, propelling the demand for construction equipments. In terms of the developments taking place over the decade, there has been significant advancement. On the supply front, the market has evolved on technology, product utility, variants and price fronts.

 

Almost all major construction equipment companies across the globe have established presence in India either as joint ventures with Indian companies or as independent entities. Similarly, on the demand front, the Indian consumer has realized the importance of value proposition rather than money, thereby shifting the demand curve towards value driven products, more importantly quality services. The Indian construction equipment industry is projected to exhibit a cumulative annual growth rate of 19 per cent during 2013-2018.

 

Further with a growing emphasis on manufacturing in the country and projects being kick started by the new government – also aided by the projected investments of $1 trillion in the infrastructure sector in the 12th Plan period – the construction equipment sector which caters not only to India but to some parts of Africa is expected to get busy. Global CE players will doubtless be seeking an opportunity to contribute to the India Growth story.

 

Bolstered by the government's focus on developing the country's infrastructure in order to progress in a holistic manner the CE equipment industry is increasingly evolving in terms of deploying the best of machines, technology and manpower to raise its standards to global levels. OEMs and component manufacturers from across the country are also looking to cater to international needs.
They are looking for export opportunities to countries in the Middle-East and Africa.
 

 

Ergo, the bC India show at the end of the year is expected to be a major platform for various equipment firms – both domestic and international – to showcase their wares. “We see a great opportunity there,” says Bharath Anantha, Managing Director, Harsha Engineering, a Bengaluru based firm which has designed a micro excavator which has applications in the farming sector and in small projects.




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