How is India gearing up for the NIP with construction equipment?
Equipment

How is India gearing up for the NIP with construction equipment?

The new generation equipment from OEMs is preempting the needs for implementing projects along National Infrastructure Pipeline (NIP) like DMICDC, metro-rail, NHAI, railways, water, ports and airports. Smart cities and urban housing projects demand equipment capabilities at compressed job sites where the equipment features need a compact design and maneuverability. Similarly, mega projects need better assessment of the task at hand, better safety, low downtime and high productivity.

To delve into how the construction equipment industry is responding to the needs of infrastructure across segments, CW hosted a panel discussion titled ‘Gearing up for National Infrastructure Pipeline (NIP) with innovation in Construction Equipment’ as part of the CONSTRUCTION TECHNOLOGY SUMMIT organised virtually by Construction World Magazine, under the aegis of ASAPP Info Global Group and FIRST Construction Council, on July 22-23, 2021. The summit was presented by Bentley Systems, with Autodesk as the design and technology partner, and was supported by the India BIM Association.

Scope of construction equipment market post-pandemic

The construction industry is experiencing a dynamic era of rapid innovation. The construction equipment manufacturers are starting to adapt to advances in telematics, autonomous machinery, and other advanced technologies.

Sharing an overview of construction equipment market, Nitesh Jain, Director, CRISIL, said, “On one side, we see a huge opportunity in the CE market in India, while on the other side, we see a shortage of skilled labour, an increase in input cost, and a constant need to invest in technology upgradation. There are three pillars of construction – infrastructure, building and industrial. We expect a capex growth of 30-35 per cent in construction in the current fiscal. Infrastructure, roadways, railways, and urban infrastructure will be the key contributors in this segment.”

Click here for more…

The new generation equipment from OEMs is preempting the needs for implementing projects along National Infrastructure Pipeline (NIP) like DMICDC, metro-rail, NHAI, railways, water, ports and airports. Smart cities and urban housing projects demand equipment capabilities at compressed job sites where the equipment features need a compact design and maneuverability. Similarly, mega projects need better assessment of the task at hand, better safety, low downtime and high productivity. To delve into how the construction equipment industry is responding to the needs of infrastructure across segments, CW hosted a panel discussion titled ‘Gearing up for National Infrastructure Pipeline (NIP) with innovation in Construction Equipment’ as part of the CONSTRUCTION TECHNOLOGY SUMMIT organised virtually by Construction World Magazine, under the aegis of ASAPP Info Global Group and FIRST Construction Council, on July 22-23, 2021. The summit was presented by Bentley Systems, with Autodesk as the design and technology partner, and was supported by the India BIM Association. Scope of construction equipment market post-pandemic The construction industry is experiencing a dynamic era of rapid innovation. The construction equipment manufacturers are starting to adapt to advances in telematics, autonomous machinery, and other advanced technologies. Sharing an overview of construction equipment market, Nitesh Jain, Director, CRISIL, said, “On one side, we see a huge opportunity in the CE market in India, while on the other side, we see a shortage of skilled labour, an increase in input cost, and a constant need to invest in technology upgradation. There are three pillars of construction – infrastructure, building and industrial. We expect a capex growth of 30-35 per cent in construction in the current fiscal. Infrastructure, roadways, railways, and urban infrastructure will be the key contributors in this segment.”Click here for more…

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?