With a stable government in place, the equipment industry is hopeful of a speedy revival. The slowdown in infrastructure development, a major driver for the construction equipment industry, had resulted in reduced demand in recent years.
With the Government rolling out Rs 2 lakh crore worth of infrastructure projects and a vision to provide housing for all by 2022, opportunities are on the rise for vendors, suppliers and manufacturers of construction machinery, equipment and building materials.
Caterpillar Inc, a global leader in the construction equipment industry, has been active in India since 1930. With five manufacturing facilities, two R&D centres, one logistics and parts centre, and various divisional offices, Caterpillar has a wide footprint across India.
We believe that India is at the cusp of a take-off point now, with a slew of transparent and investment-friendly policy initiatives in several sectors, especially in mining, power, construction and other infrastructure sectors.
AMIT BANSAL, Director Sales & Marketing, India Region-Building Construction Products, Caterpillar India, shares Caterpillar confidence about growing demand for compact machines like its 216B3 Skid Steer Loader.
Hindustan 2021 Wheel Loader has been serving Indian customers for over four decades and has earned the reputation of the most reliable machine in the industry. It has been the market leader in the 3-tonne category.
Amit Bansal, Sales & Marketing Director-Building Construction Products, Caterpillar India, elaborates on the versatility of the company's skid steer loader. Caterpillar can contribute to every initiative of the Government of India with Cat equipment and advanced technological solutions.
As construction activities gain pace in the country, demand is likely to grow for high-productivity equipment, though traditional machines will also maintain their space. Equipment like excavators, motor graders, wheel loaders, paving machinery, etc.