Overview and Growth of Construction Equipment Industry
Winds of change are blowing across the Indian construction equipment sector. The industry that saw a reversal of fortunes post FY16 is currently piggybacking on Government’s stimulants and investments to fast forward infrastructure projects primarily development of roads and highways as well as coal mining. Big ticket Sagarmala, Bharatmala and Jal Marg Vikas projects will also give a leg up to development of rural roads and rural infrastructure.
Given that India has an infra-deficit and needs about $7 trillion over the next 7 years, this would itself trigger a construction equipment (CE) business of around $180-200 billion at the current rate of equipment penetration over the next 10 years. For every 0.5 percent increase in mechanization, the CE demand would rise by $30-35 billion. Going forward, the Indian construction equipment market will continue to be driven by construction, mining and other infrastructure investments. The macro economic situation, government policy and availability of funding will support this upsurge.
Growth Drivers for the Construction Equipment Industry
The Indian Construction Equipment Manufacturers Association (ICEMA) is the apex industry association representing the Indian Construction Equipment Industry. ICEMA is affiliated to the Confederation of Indian Industry (CII) and presently represents 70 leading companies who manufacture, trade and finance a variety of products such as hydraulic excavators, wheel loaders, backhoe loaders, motor graders, vibratory compactors, cranes, dumpers, tippers, forklifts trucks, dozers, pavers, batching plants, diesel engines, etc. [For details about iCEMA and the member organisations, please visit http://www.i-cema.in/]
The Economic Times and ICEMA Awards
The Economic Times and ICEMA come together for launching the most coveted awards in the Construction Sector. It has been ET’s constant endeavour to highlight, acknowledge and amplify the voice of the industry through our publications, news coverage and industry led networking platforms and summits. With the knowledge residing with ICEMA in the construction and equipment sector, the ET ICEMA Awards is set to become a benchmark for excellence in the industry.
The awards will highlight the drivers behind the equipment industry and the constructive steps being taken by them to make their projects profitable, sustainable and efficient.
The CEO’s Panel Discussion
The re-growth of the construction equipment industry – positive policies and trends that propel the industry forward
Given that India has an infra-deficit and needs about $7 trillion over the next 7 years, this would itself trigger a construction equipment (CE) business of around $180-200 billion at the current rate of equipment penetration over the next 10 years. For every 0.5 percent increase in mechanization, the CE demand would rise by $30-35 billion.
- The macro-economic situation and its impact on construction boom in India
- Environmental Issues, Forest Clearances and Land acquisition – Much scope for reforms?
- Making funds available – The integrated approach to making finance available throughout the value chain
11th January, The Leela Ambience, Gurugram
|18:00 – 18:30||Welcome & Registration|
|18.55 – 19.00||Welcome Address by The Economic Times|
|19.00 – 20.00||Interactive Panel Discussion|
|The re-growth of the Infrastructure sector and construction industry – Uberisation and positive policies and trends that propel the industry forward|
|Moderated by: Neeraj Bansal, Partner & Head – ASEAN Corridor, Real Estate and Infrastructure|
|20.00 – 20.15||Chief Guest Address – Mansukh Mandaviya, MoS Road Transport, Highways and Shipping|
|20.15 – 20.30||Awards Ceremony|
|20.15 – 21.15||Entertainment Program – Himani Kapoor followed by Cocktail and Dinner Reception|