15 November 2018

Editor's Space

NATION BUILDING

 

October marks the start of a fresh season. The festive times are at their peak and so are a lot of events throughout the country.  This is the third year of Prime Minister Narendra Modi’s ambitious Bharatmala Pariyojana, which was launched in 2015. The entire programme involves 83,000 km amounting around Rs 7 lakh crore. A month back, the government has awarded projects for constructing 6,320 km of road under Phase-1. Similarly, under Sagarmala, the flagship programme of the Ministry of Shipping, port-led development in the country will be carried out through the 577 projects at an estimated cost of Rs 8.57 lakh crore. Sagarmala aims to modernize India's Ports so that port-led development can be augmented and coastlines can be developed to contribute in India's growth. Our cover story brings to you the complete story of these massive nation building programs.

 

As India spends a trillion dollar budget to modernise its creaking infrastructure, there is a concomitant surge in demand for construction and earthmoving equipment. Off-highway equipment industry is on a roll, thanks to fast paced developmental activities taking place in the country. The two major sectors fuelling demand are infrastructure and mining.

 

 

Over the years, each state has contributed immensely in developing the nation. Karnataka, which is one of the most progressive and industrialized states in our country, has lately emerged as the pan-India leader in attracting investments into various infrastructure projects as well as the real estate sector. The state had witnessed a slump in the 2012-to-2014 period. However since 2015, the times have changed. This trend is expected to further improve during this financial year and in the coming years, which will immensely benefit the construction equipment industry.

 

 

The Indian mining sector plays a pivotal role in the country's infrastructure and economy. Globally, India ranks 2nd in Chromite, 3rd in Coal & Lignite and Bauxite, 4th in Iron ore and 5th in Manganese. India was estimated to have spent $14 billion on coal imports last fiscal year and that figure is likely to rise to $25 billion by 2016-17. CII – India’s Premiere Industry Association is coming up with the 14th edition of IMME – the International Mining and Machinery Exhibition. The event will be held between 31st October - 3rd November 2018.

 

 

With a lot happening and set to happen, this month is full of reading material and we are certain that you will have a wonderful read!




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