Stetter India will be unveiling a slew of new products that will focus on innovation and align with the latest industry trends and advancements. VG Sakthikumar, Managing Director, shares more… Expectation from the expo: Some potential outcomes for SCHWING Stetter India could include generating new leads and business opportunities, meeting existing customers and building relationships, and generating sales through on-site transactions or deals made during the event. Additionally, the event after a three-year suspension will provide opportunities for the company to showcase new products and technologies, gain industry insights, and network with other professionals in the field. Product innovation this year: This will include the incorporation of new technologies such as automation, digitalisation and IoT in the manufacturing process and the equipment themselves, to make it more efficient, safe and eco-friendly. These products have been designed to meet the specific needs and demands of the market.Challenges faced in the industry: Lack of financing options: This can limit the ability of companies to expand and modernise their fleets. Limited infrastructure: While India’s infrastructure scenario has vastly improved due to many initiatives by the government, it is still inadequate to support the transportation and use of large construction equipment. Economic slowdown: India’s economy has been facing a slight slowdown in recent years, which can affect the construction and real estate sector, and in turn, lead to a decline in demand for construction equipment. Government regulations: A number of regulations make it difficult for companies to import and sell construction equipment in the country. Maintenance and repair: The lack of proper maintenance and repair facilities can lead to equipment breakdowns and increased costs. Unskilled labour: The shortage of skilled labour can make it difficult to operate and maintain construction equipment, which can lead to decreased productivity and increased costs. High import tax: This makes it expensive for companies to import components for its assembly.