Prior to the advent of HVAC, buildings were designed to be naturally ventilated with envelopes that were heat-resistant by virtue of design features such as orientation and the use of shades on windows.
The silver lining for residential property buyers was the June 2018 amendment of the Insolvency & Bankruptcy Code (IBC), 2016, which classified home buyers as financial creditors as opposed to their previous operational creditors status.
Pavers and compactors have had a good run in recent years on the back of buoyant road construction. Over the past three years, the demand for compactors has doubled to 5,000 units per annum while the demand for sensor pavers has registered a modest increase to 3,300 units per annum, says Ramesh Palagiri, Managing Director& CEO, Wirtgen India.
With 1,878 operative major mines in 2016 -equitably spread over metallic minerals, non-metallic minerals and coal - and vast mining resources, the prospects are bright for India's rich mining equipment supply chain.
India's annual demand for tippers has been steadily growing over the past few years to currently stand at roughly 60,000 units, according to Anuj Kathuria, President, Global Trucks, Ashok Leyland. 'High-demand tippers are those in the 6 x 4 25-tonne capacity segment.'
Industry estimates suggest that India has a market for 48,000 to 54,000 new elevators against China's demand for about 500,000 units a year. In fact, India is the world's second largest market for elevators but demands far fewer escalators, just around 1,500.
With the Narendra Modi Government proposing to award Rs 500,000 crore worth of highway contracts in the last two years of its tenure, road construction companies are upbeat about the upcoming opportunities, which will span India.
In an all-India market that grew 1-6 per cent across regions due to challenging business conditions, leading cement companies delivered strong performances, with some even achieving 20 per cent growth last year.