Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

Eastman Logistics and Infrastructure is a flagship company of the Eastman Group. Eastman has its working presence all over India. The promoters of the company have a vast experience of 40 years in the equipment rental and logistics industry.

Modern construction and mining activities in India need to be expedited with utmost focus on the highest possible productivity, operational excellence, emission compliance, safety and best-of-class economy. Over the past decade, the market for such equipment has substantially matured resulting in the equipment selectors mooting innovative and prudent ideas while selecting the most suitable equipment fleets commensurate to their company objectives and philosophies.

The last two years in Indian construction industry has seen significant changes. The customers who are in this business for a long time have gone through a difficult time financially to complete projects and were stuck with debts, especially in segments like roads and highways.

Volvo Construction Equipment (Volvo CE) is helping with one of the more challenging sections of the Great Asian Highway - a gigantic road-building project that will connect 32 countries across Asia and Europe.

The Chief Minister of Maharashtra, Devendra Fadnavis, has inaugurated Perkins’ world-class engine manufacturing facility in Aurangabad.

Mininstry of Road Transport and Highways is working on a proposal with Ministry of Defence to construct runways on highway stretches and 22 such spots have been identified across the country.

Carmix reached its first important milestone in India with the sale of its 100th small mobile concrete batching plant. Manuela Galante, Marketing Director, Carmix, commented on the occasion, ´These are definitely extraordinary results made possible thanks to good quality, major versatility, and avant-garde tools that render Carmix´s self-loading cement-mixer trucks essential to facing up to even the toughest of construction jobs and extreme work scenarios.

The public sector iron ore mining major NMDC Ltd has signed an agreement with Mishra Dhatu Nigam Ltd (Midhani), a specialist in developing metals and alloys, to work on tungsten ore mining and processing for use in strategic defence areas.