Page 4 - Construction_Opportunities_October_2023
P. 4

Editor's Space                                                                                      ®

           Taking the ‘Bharat’ Growth Story Ahead!

           A recent Crisil Ratings report stated earthmoving equipment
                                                                              Published by:
           accounted for 70% of sales volume last fiscal, material handling and   Highland Media Publishers Pvt. Ltd.
           concrete  equipment  22%,  while  material processing  equipment   Registered Office:
                                                                              609, 6  Floor, Swastik Chambers, Sion-Trombay
           comprised the rest. According to the report, the revenue for the   Road, Chembur (East), Mumbai – 400 071.
           domestic construction equipment sector is expected to grow by 14-  Tel: 022-25271902
           15% in FY24, driven by continued government focus on infrastructure   Editor: Shrirang Krishnan
           build-out, especially roads, metros, and railways, including projects
           under the National Infrastructure Pipeline (NIP). In volume terms, the   Assistant Editor: Prerna Sharma
           sector is projected to achieve all-time high sales of 1.2 lakh units
           this fiscal, compared to 1.1 lakh units in FY23. Additionally, with the   Chief Executive Officer: V Anand
           sector migrating to CEV Stage-V2 emission norms from April 1, 2024,
           pre-buying of equipment is also likely towards the last quarter of this   Head Circulation & Subscription:
                                                                              Subhash Bhogale
           fiscal. The rise of smart cities is further fuelling the expanse of smart
           construction equipment.
                                                                              Creative Designer & Coordinator:
                                                                              Asif Padwekar
           Another report by JLL also echoed the same sentiments, mentioning
           that the Indian real estate market is expected to reach US$1 trillion,   Press Releases:
           powered by a number of macroeconomic drivers, and significant
           inflows of FDI. The sector is looking poised for expansion, with the
                                                                              All rights reserved. While all efforts are made to
           potential to tap into approximately $41 billion in domestic institutional
                                                                              ensure that the information published is correct.
           capital.                                                           Construction Opportunities holds no responsibility
                                                                              for any unlikely errors that might occur.
           On the other side, the construction equipment market has been      Printed and Published by Shrirang Krishnan on
           traversing the green route to stay committed to reducing emissions.   behalf of Highland Media Publishers Pvt. Ltd.,
                                                                              printed at Indigo Printers, BRM-10, Devidayal
           Be it fuel  efficiency optimization to harnessing renewable energy   Compound, Near Britania Company, Reay Road
           sources, the industry has been innovating solutions that resonate with   (East), Mumbai – 400 010 and published from
                                                                              609, 6th Floor, Swastik Chambers, Sion-Trombay
           the collective imperative for a greener tomorrow.                  Road, Chembur (East), Mumbai – 400 071.
                                                                              Editor: Shrirang Krishnan
           With such impressive initiatives & buoyant outlook in place,
                                                                              The information on products and projects on
           construction equipment players and allied segments are poised to   offer is being provided for the reference of the
                                                                              readers. However, readers are cautioned to
           take the ‘Bharat’ Growth story ahead.                              make inquiries and take decisions on purchase
                                                                              or investment after consulting experts on the
           Here’s wishing the entire construction fraternity a great & prosperous   subject. CONSTRUCTION OPPORTUNITIES holds no
                                                                              responsibility for any decision taken by readers on
           season of festivities…                                             the basis of information provided herein.

                                                                                    FOR DIGITAL EDITION LOG ON TO:
                                                       Assistant Editor   

   1   2   3   4   5   6   7   8   9