+
“India has lower penetration of rental equipment.”
PORTS & SHIPPING

“India has lower penetration of rental equipment.”

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines.

One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us. 

Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019.

Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling. 

Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up. 
Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution. 

Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines. One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us.  Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019. Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling.  Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up.  Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution.  Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Next Story
Infrastructure Urban

Avendus Future Leaders Invests Rs 3 Billion in Aragen Life Sciences

Aragen Life Sciences, a contract research, development, and manufacturing organisation (CRDMO), has received a Rs 3 billion investment from the Avendus Future Leaders Fund (FLF), a private equity fund managed by the Avendus Group, along with SBI Life Insurance. This investment comes out of Avendus’ third fund, which marks the fund’s second investment, the first being its investment in La Renon Healthcare earlier this year. Aragen, established in 2001, is primarily focused on developing innovative pharmaceuticals, though in recent years has started to develop digital and AI technologie..

Next Story
Infrastructure Urban

Earth Fund Receives Rs 50 Million Investment From Nila Spaces

Nila Spaces Limited has become a Limited Partner with Earth Fund, India’s 1st real estate tech and sustainability-focused venture capital fund. It has done so through an investment of Rs 50 million into the fund. The investment aligns with the company’s wider capital allocation plans.Nila Spaces has said that the investment is aimed at improving efficiency of operations, decarbonisation, and strengthening itself for potential change in sectors. These goals can be achieved by being granted access to smart infrastructure, low-carbon materials, and digital construction workflows. Deep Va..

Next Story
Infrastructure Transport

India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund

The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?