The rental market is in a good shape in all the sectors. We plan to provide rental services in the scaffolding sector throughout India. That will give us a growth in the business.

Jayesh Vadukiya,
Managing Director,New Age Construction Equipment Engineering Company

New Age Construction Equipment Engineering Company is one of the leading manufacturers of construction equipment like rope suspended platforms, bar bending machines, bar cutting machines, self propelled scissor lifts, and aluminium scaffoldings. On the sidelines of Bauma Conexpo India 2016, B2B Purchase caught up with the company’s Managing Director Jayesh Vadukiya. Here’s excerpt from his interview:

What is your outlook on the construction industry in India?
The outlook for construction industry in India is very positive for us. There is the need of extensive growth in the construction industry. In the last two years the condition of the industry has improved and we expect faster growth now.

What are the areas that you are prominently looking at?
The new target that we have set for ourselves is wind power generation sector. Our suspended platforms are becoming increasingly popular in maintenance of the windmills. We would look forward to pan India markets for wind power sector especially Gujarat, Maharashtra and Rajasthan.

Can you comment on the competition with the MNCs?
There is not much of a problem when it comes to competition. With the competition we grow better and better. We believe that healthy competition adds to the innovation.

What is the current volume of the business? What is the number of units you sold last year?
In 2016, we made a sale of around 400 rope suspended platforms. Along with that we have cutting and bending machines. We also have introduced scaffolding that has contributed to a considerable sale in the last year.

What are your offerings in the scaffolding sector?
We are new into the scaffolding sector and providing our expertise through rental. We have introduced aluminium scaffolding system that is fast replacing conventional scaffolding like bamboo due to safety and ease in use.

Why rental?
The rental market is in a good shape in all the sectors. We plan to provide rental services in the scaffolding sector throughout India. That will give us a growth in the business.

What is your focus for 2017?
The focus for the next year is on the suspended platform and bar bending and cutting segments. The growth in the last quarter will decide our target for the next year.

Do you plan to expand the manufacturing units?
We are planning to expand our bar bending and cutting business. We want to increase the production to 100 units per month from the current capacity of producing 30-40 units per month.

Your comments on the demonetisation decision…
The demonetisation will not have any adverse effect on our business. However we will have to wait for the things to settle down, but I am optimistic about the positive impact of this landmark decision.