Page 26 - COAug2022

Be a part of India’s
TICKER TAPE
CONSTRUCTION buildings, hospital buildings, educational/university campuses, diesel engines products, and also in future for sustainable power Asia’s most
Building, Construction
th
20
Edition & Infrastructure BOOM!
solutions driven options.
electrification works, flyovers, underpasses, sewage treatment
Apart from local sales, Volvo CE is also working at growing exports
parks etc.
out of India. The company currently exports about 15-20% of its
By developing one of the larger IISER campuses in the country
NKG further consolidates its position as Contributor to the
production out of India to markets in Southeast Asia, African,
country’s infrastructure sector.
Latin America and neighboring countries like Nepal, Bhutan,
definitive expo for
Roofing & Allied Products !
Bangladesh and Sri Lanka. It has the capacity to produce 3,500
CONSTRUCTION EQUIPMENT SALES TO BREACH THE
2018 PEAK NEXT YEAR
in the range of 60-70%.
Construction equipment sales, a barometer of economic units per annum at its manufacturing facility, with utilisation levels 27 – 29 2023
activity, should breach the 2018 peak of around 100,000 units LANCOR LAUNCHES ‘HARMONIA’ TOWNSHIPS FOR CO- APRIL
next year, paced by increased government spending on LIVING OF SENIOR CITIZENS WITH OTHER AGE GROUPS Bombay Exhibition Centre
infrastructure projects. “Next year (2023) will be an important year. Mumbai, india
Execution of projects will all be very high, starting later this year
to next year,” says Dimitrov Krishnan, Head, Volvo Construction
Equipment, “There might be a little bit of a disturbance in the Find TOTAL SOLUTIONS
macro environment, which to a large extent is not just in the
government’s hands. It’s also driven by global economic factors. @ ROOF INDIA 2023 for
But I do believe 2023 should be the next peak.”
Krishnan said that rising demand for power, coupled with the
government’s focus on infrastructure investment to increase
economic activity, would help boost the demand for construction
equipment.
“We expect to see a growth of roughly 10% this year, on the total
market side. The growth is largely driven from segments like coal
mining and handling,” Krishnan said.
“The need for power is driving demand for coal production as
well as import of coal. At the same time, we have seen a lot
of focus on infrastructure,” said Krishnan on the sidelines of the
launch of the EC 550 excavator last week.
The Centre has budgeted a 36% increase in its capital spending Harmonia townships are coming up in three places—
to a record `7.5 lakh crore this fiscal year, with a focus on Sriperumbudur, Guduvanchery and Sholinganallur—near
infrastructure development to spur growth. Chennai
Despite the pandemic, road construction activity also has been Lancor Holdings Ltd, a leading Chennai-based realty player, has
strong - both in FY21 and FY22. Last year, the construction activity launched new vertical “Harmonia” residences, described by the
Concurrent Event
reached close to 29 kilometers per day. With an increase in company as the country’s first ‘Blue Circle’ townships built for Concurrent Event
tendering activity, Krishnan expects road construction to grow senior citizens yet providing the opportunity to live amongst the
further this year. younger generation. Harmonia townships are coming up in three
Overall, the market is poised for growth in the next few years places—Sriperumbudur, Guduvanchery and Sholinganallur— INDUSTRIAL FLOORING TOOLS AND ADHESIVES SHEET FLOORING
and is expected to become the second largest in the world for near Chennai. The population of senior citizens is expected
construction equipment by the end of the decade. to increase manifold and there will be a huge gap to fill their International Exhibition on LAMINATE FLOORING WOOD FLOORING INSTALLATION
International Exhibition on
AND CLEANING
TECHNOLOGY
PRODUCTS
“It’s a market that has huge potential. Our estimate is that the housing needs. There are more than 12 players in the country Industrial & Commercial FLOOR INDIA
Industrial & Commercial
Indian market will grow by 2-3 times by 2030. Not only that, with addressing the needs now. Flooring Industries EXHIBITION
Flooring Industries
the direction that the government has set when it comes to The multi-locational Harmonia residences comprise villas and www.floor-india.com
www.floor-india.com
sustainable power solutions as relates to the electrification or apartments designed for senior citizens with customised features
use of alternative fuels, India will lead the way,” Krishnan said. offering independence, privacy and comfort. Supported by
India is currently the third largest for the industry, after the US In Sriperumbudur, the company offers 1 BHK, 2 BHK and 3 BHK
and China. houses. The cost of 2 BHK villas with a built-up area of 900 sq ft
To cash in on the potential, Volvo CE is investing heavily in on a land area of 1700 sq ft will be `63 lakh. TM
developing products tailored to suit the local market, and aims In Guduvanchery, the cost of a 2 BHK house will be in the range
to treble sales to about 6,000 units in the next five years. of `30 to `48 lakh. Harmonia at Sholinganallur comprising 2 and WORLD METAL FORUM
“So, our focus toward serving the Indian customer is both by 3 BHK will cost `62.50 lakhs onwards. About 85 houses will be
localization of product and also doing a lot of engineering made available for senior citizens in this location. Building better together
work out of India. We have so far developed road compactors The senior-friendly amenities at Harmonia “Blue Circle” for senior
and pavers with local R&D teams. Going forward, we will be residences include a clubhouse, parks, swimming pool, gym, : Hyve India Private Limited
investing in R&D work for hydraulic excavators, which are the kitchen and restaurant, medical support, lounge, library, tennis (CIN. U92490DL2004PTC124343)
bigger markets,” said Krishnan. Volvo will invest in R&D for the court, badminton court, temple and convenience store. 503, 5th Floor, Mercantile House, 15 KG Marg,
Connaught Place, New Delhi-110001, INDIA
Email: info.india@hyve.group, Website: india.hyve.group, www.hyve.group
26 CONSTRUCTION OPPORTUNITIES|AUGUST 2022