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Inflation – Not Much Impact on Crane Industry |
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“Rising costs of steel, a major input material for us, is of course a matter of great concern. But, we believe that the current prices will be stabilized for at least another one year, and particularly, for our business operations, we do not see much impact on it” commented Mehul Patel, Managing Director, Anupam Industries in an exclusive interview with B2B Purchase. |
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Dumping or No Dumping? |
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“Dumping of second hand equipment into the Indian market remains a concern. Currently there is no Government norms which restrict their entry or atleast filter the equipment coming in. We need norms in place which will allow only certified equipment to come in”, Amit Gossain, Associate Vice President Marketing, JCB India. |
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Increasing Inflation Putting Pressure on Profitability |
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“(Increasing inflation) is putting pressure on our profitability because the cost increase in manufacturing is not getting passed fully at customer end”, says Arun Savanur, VP & Head, Construction Equipment Division, Greaves Cotton. “We are trying to offer the cutting edge technology products combined with value for money product tag which meets the Indian customer requirements.” |
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Rising Inflation Marring CE Industry |
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According to Prabhat Tiwari, Head Marketing, Hyundai CE India, “CE business is deeply integrated with country’s economics. Rising inflation rate is adversely impacting raw material input cost. Marginal rise in raw material imbalances input cost and the whole strategy to offer products at competitive rate becomes a challenge”. |
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CE Industry Handling Inflation Well |
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“Construction equipment industry is again on the growth trajectory” shares P Ramesh, CEO & MD, Wirtgen India. Though the inflation is affecting every industry, Mr. Ramesh feels that the construction equipment industry would be able to handle it”. |
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Need to Classify Equipment Financing as ‘Priority Sector’ |
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Reliance Consumer Finance provides finance solutions for buying new and used construction equipment. “Banks need to develop mechanism of providing long term funds at fixed costs to NBFC’s which will enable NBFC’s to increase exposure to this segment”, said KV Srinivasan, CEO, Reliance Consumer Finance & Reliance Home Finance in an exclusive interview with Subhajit Roy. |
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REL Eyeing Robust Growth |
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“Cost rise is an issue to tackle for everybody in this industry. On one side we have tough competition that too from all recognized global players, which puts the price realization under strain and on the other hand we have the spiraling input costs to balance”, said K Sunilkumar, MD & CEO, Revathi Equipment. |
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Increased Demand for Backhoe Loaders |
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“Increased spending on urban infrastructure, railways and road construction, hydel projects, rural housing will increase demand for backhoe loaders. The infrastructure sector is getting a lot of attention from the government and therefore is poised for an accelerated growth”, says D V Junnarkar, Head – Marketing, L&T-CASE. |
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Greater Demand for Roofing Products |
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“We are experiencing a greater demand for Colour Coated Roofing Products for New Projects as well replacement of Existing Asbestos/GI Sheets”, shares Umed Singhji, Director, Kailash Roofing Solutions. |
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