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Flurry of road bids expected
According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.
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On the right path
It is a fact that the industry is under tremendous pressure of economic slowdown. However, hopes are alive as the government is listening to the problems of the industry and working out resolutions for a faster recovery.
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The Festival is back, Are Festivities back?
The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.
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Thwarting challenges
The construction equipment (CE) market was predicted to be flat this year due to elections and uncertainty in the new political scenario. The industry was cautiously optimistic.
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New Opportunities
Construction activity in India is taking new dimensions with some unique projects raring to take off.
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Recharge to Rebuild!
The manifesto of the NDA points towards building 12,000 km of roads per annum! In 2018-19, even though contracts awarded were to the tune of 15,000 km (against 17,055 km in 2017-18), the figure for roads constructed up to November 2018 has been 5,759 km (against 9,829 km in 2017-18).
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Technology paving the way for innovation
The recently concluded mega construction equipment event bauma saw a slew of new technologies on show that are going to attract the attention of the customers in future.
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The Eleventh Hour Is Here!
By 2025, the construction market in India is expected to emerge as the third-largest globally.
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Infrastructure momentum to continue
Global construction equipment sales hit an all-time high of 1.1 million units in 2018, with a retail value of approximately $110 billion, according to Off-Highway Research.
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The year of construction technology
Prime Minister Narendra Modi on March 2, 2019 declared April 2019-March 2020 as the Construction-Technology year and stressed on the use of advanced technology to meet the increasing demand of affordable housing and provision of Housing for All by 2022.
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