Page 29 - CO JAN 2020

POST EXCON 2019

Dimitrov Krishnan, Vice President, ICEMA &
VP- Sales & Marketing, Volvo Construction
Equipment, said, “The CE industry has seen
tremendous investments in infrastructure
in the last decade, with about half billion
equipment installed, the industry has
employed approx. 1.2 billion people. In the
next 5 years, as India is aiming towards a 5 trillion economy, the
expected investment in infrastructure would be `100 lakh crores
and equipment requirement will be at least 8 times of what it is
today and it is expected to generate 9 times of the employment. “
Krishnan pointed out that to achieve this, industry will definitely require
help and support from the government. Internally, to accomplish
that kind of growth, as an industry the focus will be on three major
things that include investing in R&D, Capacity Enhancement &
Skill building. “With the support of all the stakeholders, we are very
confident that this industry is going to be an able partner to the
Government of India to propel this nation from ‘Make in India’ to
‘Building a new India,” he concluded.

Huge investment by Indian Railways
Explaining key Initiatives planned to accelerate growth of
Infrastructure to regain market share, S.K Mishra, Executive Director
(Infra), Ministry of Railways, said “The Government has already
taken the decision of allowing 100% FDI in Railway Infrastructure
as a significant policy shift to adopt global best practices of world
railways and to attract massive investment from all over the world.”
Mishra further informed, “There will be a substantial increase in the
construction equipment designed for a wide range of applications capital expenditure and Indian railways would be investing over
and vehicle energy strategies. At EXCON 2019, Dana is presenting `10 lakh crore in the next 5 years on various projects. Projects
complete drive systems for compactors that include Spicer axles, include Doubling or Multiple Tracks to decongest saturated
Spicer Torque-Hub wheel drives, and Brevini hydraulic motors. network of which 14,000 km work is in progress and targeted to be
Additionally, Dana is presenting a complete range of products for completed by March 2024. 100% electrification of Broad Gauge
diesel-, hybrid-, and electric-powered aerial work platforms (AWPs), track by December 2021. By March 2023, we will be completing the
wheel loaders, and self-loading mixers.
upgradation of speed to 130 kmph on 18,000 km of busy routes.”
Dana supports the construction market with Spicer drive Karnataka eyeing huge investment
technologies for vehicles powered by internal-combustion engines. Explaining about major initiatives planed in Karnataka,
Dana then seamlessly packages advanced drivetrain solutions R. K Suryawanshi, RO- Projects, NHAI, said, “Road transport being
into current vehicle architectures through products that include vital to India’s Economy, the infrastructure contributes over 4.7%
Ashwoods motor and generator solutions for hybrid configurations to the GDP. India’s road network carries over 70% of its freight and
and Spicer Electrified innovations for electric-powered equipment. 85% of passenger traffic making India the second largest country
Dana also supplies a wide selection of Brevini Electrified motion in the road & highway development Industry after the US, and in
products optimized for the unique power distribution requirements terms of density we are at number 16 ahead of USA. A good road
of hybrid and electric off-highway vehicles. connectivity ensures all round social and economic development
of the region. In Karnataka over 17 projects amounting to `18,000
Dana, a leading Tier 1 supplier to vehicle manufacturers in India for crore covering a length of 1386 km are under implementation by
more than 50 years, has in a series of strategic acquisitions added NHAI. Another 5 projects amounting to `6116 crore covering a length
significant Asian manufacturing capacity, supplemented local of 280 Km are awarded and the work is likely to be commenced
engineering and customer support, and fortified the company’s soon during this financial year in the state of Karnataka.”
expertise in managing complex global development programs.
More than 5,000 employees work at Dana’s 17 facilities in India, OEMs and suppliers bet big on construction equipment business
including two global technology centres. With the government outlining a massive infrastructure development
programme, it is not surprising that stakeholders in the construction
An Interactive Session on ‘Construction Equipment Industry: Challenges equipment industry, which include leading vehicle manufacturers
and Opportunities’ was organized as part of CII EXCON 2019.
and component suppliers in the Indian automotive industry, were
In his presentation on the status of Indian CE Industry, out in full force at EXCON 2019.

JANUARY 2020|CONSTRUCTION OPPORTUNITIES 29