India is one of the fastest growing markets for construction and earthmoving equipment globally and has emerged as a major base for manufacturing equipment and components. Investment in infrastructure is the main growth driver of the construction equipment industry.
In 2015, the Sagarmala project was formally rolled out by the government - its strategic investment initiative targeted towards improving port connectivity, port mechanisation and modernisation at a total investment of Rs 5 lakh crore over a period of five to ten years.
While realtors are enjoying the power of tower cranes, vendors are awaiting the revival of the infrastructure market. Elections are over. The new Government has assumed office. But construction equipment markets are yet to pick up.
Despite diverse difficulties in the last two years, L&T proved its mettle by delivering consistent financial performance. Read on for insights into this industry bellwether’s growth mantras during the challenging times of the recent past as well as its preparations for the growth phase on the horizon.
Sujay Kalele, CEO, Kolte Patil Developers, has seven years of experience in the real estate sector. His most challenging project till date includes the execution and delivery of a 400-acre township in Hinjewadi called Life Republic.
"In this series of interviews with prominent civil engineers, Janaki Krishnamoorthi meets Keshav Varkhedkar, Additional Chief Engineer, City & Industrial Development Corporation (CIDCO), Navi Mumbai. In civil engineering, there is no limit imposed on your thoughts, imagination and creation;