Berco Undercarriages (India) Private Ltd. belongs to the Business Area Components Technology and is economically allocated to the BercoS.p.A. group, Copparo (Italy) within the ThyssenKrupp group. With its products, Berco occupies a leading position on the global market.Mr. S. Shakti Kumar Executive Director, Berco Undercarriages (India) Pvt. Ltd. – A Company of Thyssenkrupp shares his overview on construction equipment industry of India.
Over view on Construction Equipment (C.E) Industry.
Current scenario in the country as far as infrastructure is concerned especially the Road Sector, present Government is planning to lay 30 Kms. Road per day wherein they could execute approximately 11 Km. per day last year. They now even think of laying 1,50,000 Km. Road per year from their original plan of 90000 Km. Whether it is possible? Fingers Crossed! Though it is an uphill task, let us hope for it to happen. This will certainly boost our economy and the GDP.
Road ministry is planning a fund allocation of RS.42913 Crore for the year16-17 which is insufficient with respect to their plan yet it is good money. Finance ministry have already started discussing about the multiple financial issues faced by the industry involving Stakeholders and various regulatory.Government’s pace and push reflect increased business confidence. Now the industry leaders should have conviction in their confidence.
Mining Sector has finally started to pick up. How will this impact the business of Berco’s undercarriage components?
Mining sector is yet to recover from the global financial crisis which it faces for the last 6 years, it is quiet and continue to be lingering. Nevertheless, following the pace of the economic recoveries, a fresh round of expansion is set to take place. Mining sector is also started in rhythm with Construction Industry in tapping market for a better prospective. Quality and Costhave become vital for a survival anticipatinggreat demand.
The business Berco does for the last five years ever since it is inception is mostly for the construction equipment and owing to the poor demand from the mining industry volume of sales have substantially came down. With current measure initiated by the Government in the mining sector, prospective business is round the corner.
How optimistic is the C.E Industry after the announcement of AMRUT & Smart Cities Initiative. How does Indian C.E sector foresee near future.
With the actions initiated by the Government, it is largely seen a firm growth in Construction Industry primarily due to relentlessdevelopment taking place in infrastructure.
AMRUT: To build household with an access to assured supply of water and also proper sewage system, developing greenery with an ecofriendly garden (park) etc.
Smart Cities: It tapsverities – digital and information technologies, urban planning best practices, public-private partnerships to create a change and put citizen foremost. It emphasis on bestdemandingnecessitiesfor a better prospect to improve their lives.
The above initiatives by the present Government will no doubt yield a greater demand for the Construction Equipment and subsequently create employment opportunities to which more youngsters are eagerly waiting for. To make it happen, the policy holders have to take quick decisions, release necessary fund and ensure it is executed on time.
What are your expectations from Excon Fair 2015?
Excon no doubt a big event, it is a premium platform for the visitors to interact with Original Equipment Manufacturers, Service Providers, Parts Suppliers, Dealers and so on. Excon is a powerful place of energy and it is like a public battery where not only the visitors, the exhibitors, organizers are charged.
With the growing demand, WE expect more visitors will come and interact and anticipate added enquiries and confident of converting most of the enquiries in to business. WE think a big, WE will work for it and it will happen.
