A MUCH NEEDED BOOST

Assocham Bulletin - - INDUSTRY -

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.

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