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XCMG China to invest $150 m in manufacturing unit in India
XCMG China to invest $150 m in manufacturing unit in India

XCMG, a China-headquartered global construction machinery company, will invest ₹150 million in a new manufacturing unit in India for construction and material-handling machines.

Escorts partners NSDC on Pradhan Mantri Kaushal Vikas Yojana
Escorts partners NSDC on Pradhan Mantri Kaushal Vikas Yojana

Escorts Skill Development, an associate company of Escorts Limited, country's leading engineering conglomerate, today launched the Recognition of Prior Learning (RPL) certification program under

Richa Industries Received the award for an Outstanding Company in Pre-Engineered Building
Richa Industries Received the award for an Outstanding Company in Pre-Engineered Building

Richa Industries Limited, a leading Construction & Engineering company has won the award for an “Outstanding company in Pre Engineered Building” during 6th EPC World award for their exceptional co

L&T, Pallonji, Tatas among 29 shortlisted for MTHL project
L&T, Pallonji, Tatas among 29 shortlisted for MTHL project

The city's regional development agency MMRDA has shortlisted as many as 29 contractors, including consortia led by L&T, Tata Projects and Pallonji Group, for the much-delayed sea-link across the

Jawaharlal Nehru Port Trust investing Rs 3K cr on road connectivity project.
Jawaharlal Nehru Port Trust investing Rs 3K cr on road connectivity project.

Jawaharlal Nehru Port Trust (JNPT) is investing Rs 3,000 crore for improving road connectivity and also looking to finalise Rs 2,000 crore-dredging project, a top government official said.

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Apollo Carmix is making headway in India : 50 more machines sold in just 4 months
Apollo Carmix is making headway in India : 50 more machines sold in just 4 months

In less than two years, from its establishment in 2014, over 100 Apollo Carmix have been sold in India. This excellent result reflects how the technological solutions offered by the Italian-Indian joi

Terex® Finlay I-140 impact crusher
Terex® Finlay I-140 impact crusher

The Terex® Finlay I-140 direct drive ø1270mm x 1240mm (Ø50” x 48”) horizontal impact crusher with variable speed gives operators unprecedented levels of production in both recycling, mining and

MAN Trucks India expands reach in Andhra Pradesh with Vijayawada dealership
MAN Trucks India expands reach in Andhra Pradesh with Vijayawada dealership

Mr. Joerg Mommertz, Chairman and Managing Director, MAN Trucks India inaugurates the dealership New touch point in MAN Trucks network owned and run by M/S Asha Automine State-of-the art dedicated

Grove GMK5220 delivers a lesson in engineering excellence at Manila's Far Eastern University
Grove GMK5220 delivers a lesson in engineering excellence at Manila's Far Eastern University

At the Far Eastern University in the Philippines' capital city Manila, there was much head scratching about the best way to remove an old, inefficient air-conditioning system from an 11-story bui

28 Potain tower cranes assist on Middle East's largest Metro project
28 Potain tower cranes assist on Middle East's largest Metro project

28 Potain cranes, which include six new MCT 205s, have been chosen to work on the construction of the new Riyadh Metro project in Saudi Arabia. Lifter chose the Potain cranes because of the brand&#

Interactions

Vipin Sondhi, Managing Director & CEO, JCB India Ltd.

Finance Minister Arun Jaitley has presented a well-balanced and constructive combined budget, focusing on the most critical aspects of the economy, such as Infrastructure, Agriculture and Rural India.

“The budget 2017 will be remembered for many aspects, including this being the first budget wherein Railways Budget got merged too. The budget has managed to press key buttons that are necessary to bolster overall development of the Nation.

From earthmoving and construction equipment industry's perspective, we till now witnessed that the roads and highway sector leading the growth momentum, however to really create sustainable growth, other sectors needed attention. With this budget the focus has broadened and now includes sectors like railways, agriculture and real estate with emphasis on affordable housing. A record investment of Rs. 3,96,135 crore for infrastructure, 1.31 lakh crore for railways is a big boost to the economy and a step in the right direction. Thrust on agriculture sector with credit set at Rs. 10 lakh crore will aid country's all round development. 

The additional liquidity in the banking system, due to demonetization, will finally lower borrowing costs and allow increased access to credit too. Surely, the massive push in these sectors with incentives for 'Make-in-India' initiatives will lead to overall sustained growth. Broadly, the current budget will open up more avenues for further industrial proliferation and surely augurs well for the earthmoving and construction equipment industry.”

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