26 January 2020

Table of Contents for Post Excon 2019





Interaction- Wilfried Theissen, MD, Putzmeister India

We are the ‘Biggest on the Road’!

 

Putzmeister has been providing world class products and services, setting the standards for quality through continuous and significant investment in R & D. With over 20 subsidiaries worldwide and manufacturing units across the globe, the company combines top end German engineering, technology, expertise and high manufacturing standards with locally relevant requirements to provide a comprehensive solutions package. WILFRIED THEISSEN, MANAGING DIRECTOR, PUTZMEISTER INDIA, in an exclusive interview to CONSTRUCTION OPPORTUNITIES speaks about the industry slowdown, the necessary steps, and details on the product launch and the company’s future plans.

 

 

The last year saw a huge slowdown for the CE industry. Your comments about the same?

 

The year 2019 was a big disappointment in comparison of what the market and we as one of the players in the CE industry thought it would be. There has been a continuous drop in the order intake since December 2018 and the last quarter has marked the worst performance. Also there is no clear sign of improvement that can be seen. We are back to the levels of 2017.

 

The year 2018 was full of projects and lot of movement, however there has been a huge lull throughout 2019. We hope the expos like EXCON give a stimulus to the CE industry. The general situation however is not favour of it. Funds and liquidity issues popped up with the NPA’s and the IL&FS scandal hitting the market. Things have still not resolved in that case. Job sites are being closed downin some states with a change of guard in the local government. This is not the way business is done. The potential for India and the desire is there and alive. There is lot more that needs to be worked out to set the market rolling and back on track.

 

 

 

 

What are the steps that the government should take to expedite as soon as possible?

 

The first thing is to restart the existing job sites which have been approved and have got the approved finance. The contractors who were allotted the projects have to be kept going. One cannot simply change contractors and let them finish the job. The finance flow in NBFCshas tobe addressed as the banks are not willing to take the risks. Customers are willing to pay higher interests as long as they can get equipment finance.

 

 

 

Technology has provided better performance for the equipment. Your comments?

 

It is indeed true that connectivity is an important factor these days. We offer connectivity through which one can carryout fleet management and remote service. However, that is not the biggest worry. We are more worried to get the projects back on track.