2016 has been comparatively remarkable year for New Age. In comparison to 2015, we have noticed significant 20 per cent sales growth.

  “The construction industry amounts to more than 7 per cent of India’s GDP and is expected to rise in the coming years. The industry is one of the core sectors in the ‘Make in India’ initiative and is likely to create millions of jobs in the near future. With the huge number of smart cities that are planned, the new growth in the CE industry will easily be absorbed. The number of ongoing projects is increasing and will continue to do so, especially given the new tenders that the government is passing one after the other. The demand for new heavy equipment will rise steeply in addition to a boom in the old equipment market and the rental business,” Jayesh Vadukiya, Managing Director, New Age Construction Equipment Engineering Company said.

Vadukiya feels that in addition to the construction industry new segments like commercial projects, mining, agriculture, etc are also shifting to standardized equipment adding to the demand of the machinery. He adds, “The market for used equipment is not well developed in India and the resale value is also meagre despite products being in sound condition. This is becoming a major challenge for the market players. Lack of skilled labour is another huge challenge; the supply for heavy equipment operators and skilled experts is falling short to meet the heavy and increasing demands of the industry. In addition to its there is no stability in the demand in terms of demand and pricing thus making things difficult for equipment suppliers. While there are challenges, they can be met with strong collaboration between the government and private players’ to help stabilize and create a suitable environment for growth to help the industry meet its full potential.”

2016: A remarkable year
When asked about how 2016 was for the company, Vadukiya said, “2016 has been comparatively remarkable year for New Age. In comparison to 2015, we have noticed significant 20 per cent sales growth. There are few cherished moments for New Age in 2016 as we have started new applications for construction equipments. We have provided customised rope suspended platform for dam site, wind mills and power plants, etc. We made customised rope suspended platform for sale and rent to make work easier and safer. Also our new products have been recognised in construction industry.”

30% hike on referral sales
Sharing about the achievements of New Age during the year, Vadukiya said, “We have gained many reliable customers during last one year and we have received excellent feedback about our service. Based on customers’ satisfactory feedback we have achieved 30 per cent hike on referral sales. We became one of the leading suppliers in sales and rental service of suspended platform.”

An international platform
Vadukiya is very positive about the participation at Bauma Conexpo India 2016. He feels that the expo will give New Age a comprehensive look at India’s construction machinery industry. Bauma Conexpo India offers interaction with and between exhibitors and visitors, on responding better to the company’s needs, on facilitating trade and communication more intelligently and digitally, and providing participants with efficient services. Exhibitors from around the world will showcase their latest equipment, products, technologies and services for construction machinery, building material machines, mining machines, and construction vehicles.