Page 108 - CO April 2017 Full Issue

spotlight POST EVENT REPORT JCB India committed to accelerating construction of Roads and Highways through its range of Road Solutions Roads and highways continue to drive the infrastructure growth in India giving rise to a healthy demand of construction equipment and solutions. Keeping in mind the vast opportunity and with a commitment to accelerate the infrastructure development, JCB India Ltd has geared up to back its wide range of equipment with a solutions- based approach to augment the productivity for its customers reports Nishi Rath Infrastructure sector is one of the key drivers grow to $5 billion by FY2019-20 from “Roads and Highways continues to be a for the Indian economy. Te sector is highly current size of $2.8 billion. major driver for infrastructure growth in responsible for propelling India’s overall Taking the lead, the Earthmoving and India and the Government’s focus is evident development and has strong emphasis from Construction Equipment major, JCB India through the signifcant outlay it has made Government for initiating policies to ensure Ltd has geared up by positioning itself as towards this sector in successive National a world class infrastructure in the country. a complete infrastructure equipment Budgets.” Nitin Gadkari, Minister of Road partner. According to the company ofcials, the Transport and Highways and Shipping, Government is focused on improving the recently announced that the government’s OPPORTUNITIES GALORE pace of project implementation in the target of `25 trillion ($376.53 billion) The construction equipment industry infrastructure sector, and thus the demand investment in infrastructure over a witnessed a signifcant growth of 40 per cent for construction equipment is expected to period of three years, which will include in 2016 as compared to 2015, which indicates pick up. `8 trillion ($120.49 billion) for developing towards a positive business sentiment. Te 27 industrial clusters and an additional industry hit the peak in 2011, but dropped TECHNOLOGY LEADS THE WAY `5 trillion ($75.30 billion) for road, railway due to the slowdown in the construction As the consumers evolve, JCB has witnessed and port connectivity projects. sector. However, looking a change in demand. This has led to According to a report by the Indian at the growth in 2016, it is various additions to the product portfolio, Construction Equipment Manufacturers’ expected to witness a decent up-gradation as well as inclusion of new Association (ICEMA), the Indian growth in 2017 as well. technologies. construction equipment industry is reviving According to Vipin Sondhi, “We continually work towards improvising afer a gap of four years and is expected to MD & CEO, JCB India, our products and solutions. We have 110 construction opportunities|aPrIL 2017