India is expected to become the third largest construction market by 2022, and to reach that position we require an investment of ₹50 Mn across the infrastructure segment, including investments in the equipment market. Government initiatives focused on infrastructure development are further boosting demand for construction and infra equipment in India. In addition, the government is also supporting the construction equipment market by liberalizing taxation policies for the construction industry which will help the construction equipment manufacturers to reduce the overall cost of equipment and other operational losses.
On this note, B2B Purchase conducted a live interactive session as part of its procurement series on “Indian Infra Equipment Outlook 2022”, on 3rd December, 2021. Leaders across the construction and infrastructure segment discussed on the key factors like opportunities and roadblocks in terms of rentals, equipment finance and O&M and the new kid’s BS-4, 5, 6 emission compliant machines.
Panel Speakers:
Mr. Jaikumar Kamath, L&T Construction & Mining Machinery
Mr. Vikas Mittal, Nova Formworks
Mr. Munish Taneja, Indiabulls Store One
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