In your views share with us your assessment on the opportunities the year offered for CE segment.
This year came with its share of ups and down in the construction equipment sector. Significant progress has been made in the sector in terms of government providing a lot of opportunities, for example, building rural roads since last few years. The important announcement made by the government for construction of 1,25,000 kms of roads under Pradhan Gram Sadak Yojana under Phase III at an estimated cost of ₹ 80,250 crore has had a positive impact on the CE segment.In a bid to further give a push to the country’s infrastructure, the government has set up a task force to draw up plans for building infrastructure worth ₹ 100 lakh crore ($1.4 trillion) over the next five years. The NHAI has been spending nearly ₹ 70, 000 crore annually on road construction; NHAI is also trying to involve private investments to improve the sector’s crises. With aiding steps taken to improve the sectors monetarily crises we expect some stability in the demand in near future. So, a fair share of opportunities was given by the government this year for the commercial equipment sector and we praise all the efforts taken up by them.
Give us an assessment on the demand-supply scenario. How much has the situation improved in regards to clearing of the stock-loads?
This story is from the December 2019 edition of Epc World.
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This story is from the December 2019 edition of Epc World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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