A MUCH NEEDED BOOST
Infrastructure sector is a key driver for the Indian economy. The Centre has increased focuson infrastructure creation and thus the spending in the last three budgets. New policy measures were announced to make the business environment more conducive and transparent. GST, the biggest reform, will bring the much-needed ease of doing business, and catalyze growth of the infrastructure sector. As per the Union budget for FY 2018-19, the total estimated capital expenditure towards infrastructure sector stood at INR 5.97 trillion (compared to INR 4.94 trillion in FY2017-18) of which the majority of the increased allocation is towards areas such as railways (increase by ~22 % y-o-y) and roads and highways (increase by 10% y-o-y). This increased allocation is expected to have a positive impact on the CME sector.
Construction equipment is a critical cog in infrastructure Panelists at Session Growth Drivers in Indian Infrastructure. (L-R)Mr. P.Bali, CO, Ports Ministry of Shipping, Mr. Abhijit Padhye, President Sales, Linnhoff, Mr. Sanjay Baja), Vp, Wirtgen Group, Mr. Vadiraj Pappu, Head Sale, Voltas, Mr. Vikram Sharma, Advisor, Kobelco Construction, Mr. A. K. Khandelwal, ED TrackMIc, Railway Board, Mr. Deepak Singla, Director, S. P.Singla, Construction, Mr. Dharmesh Mashru, CEO, Plants Amman India Pvt Ltd. development, forming ~1030% of the total cost of the project. The CME industry is expected to grow at a CAGRof 14-15% till FY2020-21to reach 153,000units and at a CAGRof 19-20% by value to reach INR
670 billion. The government is the largest end customer accounting for nearly two thirds of the demand for CME products. Alot of structural and financial reforms have helped the government accelerate infrastructure creation, which is the need of the hour.
ASSOCHAM with an objective to provide conducive platform for discussion between Industry and Policy makers organised the captioned Conference under the auspices of its National Council on Construction Equipment.
Ms Leena Nandam, IAS Additional Secretary to GoI, Minsitry of Road, Transport and Highways was the Chief Guest at the occasion. Mr. R. K.Pandey, Member (Projects) National Highway Authority of India (NHAI) and Mr. Rajesh Agrawal, Executive Director MTP, Railway Board were the Guests of Honour at the Inaugural Session. Other Government officials who addressed the meeting included Mr. S. K Gangwar, MemberTechnical, Inland Waterway Authority of India, Mr. A. K. Khandelwal, ED Tracks Mj C, Railway Board, Mr. P. Bali, CO Ports, Ministry of Shipping.
(L-R)Mr. P Bali, CO, Ports Ministry of Shipping,Mr. Abhijit Padhye, President, Sales, Linnhoff,Mr. Sanjay Bajaj, Vice-President, Wirtgen Group,Mr. Vadiraj Pappu, Head Sale, Voltas, Mr. Vikram Sharma, Advisor, Kobelco Construction, Mr. A. K. Khandelwal, ED, Track MIc, Railway Board, Mr. Deepak Singla, Director, S. P.Singla, Construction, Mr. Dharmesh Mashru, CEO, Plants Amman India Pvt Ltd
Panelistsat Session 1: Growth Drivers in Indian Infrastructure. (L-R) Mr. PradeepSharma, President, ACE-Cranes, Mr. Ramesh Palagiri, CEO& Mananging Director, Mr. Arvind Garg, Executive Vice-President & Head - Construction & Mining Machinery Business, Mr. Raman Aggarwal, Chairman, FIDC, Mr. S. K. Gagwar, Member Technical, IWAI, Mr. G. S. Johar, Chairman, C&C Construction, Mr. Deepak Garg, CEO Sanyheavy Industry.
Release of Background Paper at Inaugural Session. (L-R) Mr. Mahesh Madhvan, Partner Feedback Consulting, Mr. Arvind Garg, EVp,L& T and President, ICEMA,Mr. Vikram Sharma, Advisor, Kobelco Constructions, Mr. R. K. Pandey, Member, Projects NHAI, Ms Leena Nandan, lAS, Addl Secy Ministry of Roads, Transport and Highways, Mr. Rajesh Agarwal, ED, MTP, Railway Board and Mr. D. K. Vyas, CEO, Srei Equipment Finance.