There´s some good news from the material handling equipment segment. ´We are seeing some signs of improvement; markets are trying to crawl back mainly on success in the roads sector and mining in certain pockets,´ says Manoj Agarwal, Head-Sales & Marketing, Escorts Construction Equipment. ´With roads opening up in a big way and a good monsoon prediction, we hope for a better second-half of the current fiscal.
Cement consumption has charted a steady upward trend these past years. Consumption has increased from 166 mt in 2011 to 249 mt last year. On the back of key growth drivers, demand is expected to grow to 398 mt by 2017 and to 600 mt by 2025.
There is a need for capital for technology up-gradation for the forging industry, by way of introducing a technology up-gradation scheme. This would enable the forging units to avail of bank loans at approximately, say, 5% lower than the market rate towards acquiring modern technology them more competitive in the international market
The new government’s budget is indeed a forward looking budget. It seems to be more credible with higher allocation for infrastructure along with clarity in taxation structure. The proposal for 5 “ultra mega” power projects is definitely a positive move and a big boost for growth.