The Indian market is evolving and is still young
Real Estate

The Indian market is evolving and is still young

Keshab Chopra, Managing Director-India and SAARC, Doka, states that the RERA initiative by the government will help the industry stay organised… 

One pathbreaking offering: We have a wide range of applications from formwork to scaffolding solutions such as wall formwork, slab formwork and climbing formwork. We are looking to go beyond formwork and provide unique solutions like Concremote that will enable our customers to understand how concrete behaves while it is cast, by being a partner in their concreting process.

Demand drivers in 2019: The Indian market is evolving and is still young. We see strong growth in the housing and commercial segments for us.

Announcement contributing to the company’s growth in 2018: In India, we need to be more widespread in our ability to respond to our customers. Hence, we have decided to be closer to our customers in the pre and post-sales process. 

Challenge for the company in 2019: One of the challenges we have seen in the Indian industry is the payment cycle. This is still not eased out in the way we would expect it to be.

Key strategy to success in 2019: We do not want to limit ourselves to any specialised segment. We will definitely participate in the real-estate segment, both residential or commercial, as well as infrastructure and heavy industry. We have the requisite product solutions and services in our basket globally.

Recommendation for growth of the construction equipment market: RERA is a positive step taken by the government and this will enable the industry to become more organised with better technologies that could be used in the construction industry.
 

Keshab Chopra, Managing Director-India and SAARC, Doka, states that the RERA initiative by the government will help the industry stay organised…  One pathbreaking offering: We have a wide range of applications from formwork to scaffolding solutions such as wall formwork, slab formwork and climbing formwork. We are looking to go beyond formwork and provide unique solutions like Concremote that will enable our customers to understand how concrete behaves while it is cast, by being a partner in their concreting process. Demand drivers in 2019: The Indian market is evolving and is still young. We see strong growth in the housing and commercial segments for us. Announcement contributing to the company’s growth in 2018: In India, we need to be more widespread in our ability to respond to our customers. Hence, we have decided to be closer to our customers in the pre and post-sales process.  Challenge for the company in 2019: One of the challenges we have seen in the Indian industry is the payment cycle. This is still not eased out in the way we would expect it to be. Key strategy to success in 2019: We do not want to limit ourselves to any specialised segment. We will definitely participate in the real-estate segment, both residential or commercial, as well as infrastructure and heavy industry. We have the requisite product solutions and services in our basket globally. Recommendation for growth of the construction equipment market: RERA is a positive step taken by the government and this will enable the industry to become more organised with better technologies that could be used in the construction industry.  

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Equipment

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

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Infrastructure Energy

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

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Infrastructure Energy

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

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