CW is organising the CONSTRUCTION TECHNOLOGY SUMMIT on July 22-23, 2021, virtually to identify proven, innovative and globally established construction technologies. In the past, the construction industry has been extremely reticent in adopting technology. Prime hurdles include education among skilled labour, on-the-job training, use of manual labour instead of machines, and lack of enforceability. But...
With the rise in Internet and mobile phone penetration, India has witnessed digitalisation in almost all walks of life and business. While some sectors have embraced the digital economy as the new way of life - for example, movie ticket bookings - others in the e-commerce domain like online pharmacies and grocers, are unduly taking time to make this shift.
The Indian CE industry has witnessed substantial growth in the last two decades, albeit fluctuating between highs and lows. The reasons are not hard to find - prevailing uncertainties in the global economy and slowing down of infrastructure projects.
We definitely believe that India is a hot spot for global players. The country has seen an influx of large scale manufacturing projects in the last couple of years, thus opening avenues for global players mostly in the automotive, industrial and construction equipment, metals industries as well as IT services industry.
The second day of EXCON 2013 started with a Conference on Â‘Sustainable Infrastructure DevelopmentÂ’ organized by the Indian Construction Equipment ManufacturersÂ’ Association (ICEMA) in association with the Confederation of Indian Industry (CII).
If there is a signal from the government for continuous development in the form of announcement of infrastructure projects, then equipment manufacturers will not shy away from further investments. A lot of manufacturers have come in, invested and are now waiting for such big projects to take off.
In order to release capital for lending to used construction equipment and other purposes, Srei Equipment Finance plans to securitise Rs 800-900 crore of its assets during the current quarter, reports suggest. The company will focus on financing used construction equipment because growth in sale of construction equipment is slowing.