With the growing investment and the rising opportunities, the rise of Infrastructure sector as one of the key drivers of the Indian economy is undisputed. Accelerated spending in this sector has had a large impact on the overall economic and industrial growth of the country.

According to a report by Organisation for Economic Cooperation and Development (OECD), a Paris based organisation, India’s growth rate is expected to hover near 7.5 per cent this year as well as next even as many emerging market economies continue to lose momentum. The report further added, that this ‘solid’ growth led by strong investment is expected to continue, helped by reforms to bolster infrastructure spending and robust demand growth.

The growth in the infrastructure sector has had an impact on the construction equipment sector, which is an inseparable part of the infrastructure sector. The sales in this sector have reached up to a whopping 43 per cent. As per a report by the Indian Construction Equipment Manufacturers Association, the construction equipment sector is expected to see a growth at a CAGR of 20 per cent till 2020.

Along with the growth in infrastructure, implementation of policies like GST and demonetisation will set the tone for business in the coming days. Here we take you through the opinion of industry experts on how the year will turn out to be for the business world.

The changed policies brought into action by the government, have started to have an impact on the industries across the sectors. We take a look at how the experts from various sectors look at this year.

CASE India to unveil new rental model
We would like to introduce purchase or leased rental model which is very prevalent in the passenger car and commercial vehicles industry. Today most of the big customers are hesitant to block their CAPEX though they have capability to buy, healthy work orders, and large projects in hand. So we hope that we will be able to come out with a model with financers where the CAPEX will neither be on the customers nor on the manufacturer.

TIL expects 20-25% growth in cranes
In 2017, we would expect 20-25 per cent growth in cranes. The upcoming metro projects and the ONGC contracts will give us the desired growth. The reach tracker market is driven by the containerisation of in-land movement of freight. We expect a 10-15 per cent growth for reach trackers.

Hope govt will come up with better policies
At this point of time, considering the bold steps being taken up by the government including the demonetisation, the industry will be affected at large. I hope that the government will come up with better policies and reforms to come out of the current scenario. Especially for construction equipment and construction industry, things as of now are skeptical and we are keeping our fingers crossed.

Optimising on economies of scale
To capitalise on the upcoming opportunities, we are strengthening our presence and expanding our reach. We are by building partnerships with manufacturers to leverage and enhance market share. We are optimising on economies of scale by lowering incremental cost of new products through synergies with existing construction and mining equipment operations.

Target double digit year-on-year
Our group’s expectation is to maintain the leadership position and diversify the clientele. Keeping our projection on the infrastructure development, we would like to ensure that the clients are provided the best possible solution. Along with that, we target a double digit year-on-year growth and double our turnover in the next 3-4 years.

Will see phenomenal growth from 2018
Going ahead in 2017, everything was set on the dot and we were expecting similar growth. The first quarter may be little slow. Till the time whole economic cycle settles post the demonetisation, we would not see growth picking up. It may take another 3-6 months. However, from 2018 onwards everything will be back to normal and we will see phenomenal growth.