VG Sakthikumar, Managing Director, Schwing Stetter Sales and Services Pvt Ltd.
The current construction equipment market in India is to grow at a rate of 25 per cent. Road, irrigation, ports, RMC, railways, metro rail, power (nuclear, thermal, solar, wind, hydro, gas based), real estate and other community buildings are the major demand drivers for our product line.
We have crossed all the major chasms in terms of demonetisation and the GST implementation. The market is settling down now, and we are confident of a better outlook in the coming year as the Government of India has announced the Rs 5.35 lakh crore 'Bharat Mala Pariyojana'. This outlay of Rs 6.92 trillion is for building an 83,677 km road network over the next five years. The concrete road construction is one of the best examples which helped the growth of concreting equipment. More and more roads like national highways and expressways are becoming concrete roads from asphalt roads. So, the road sector is on top in pushing the growth of Schwing Stetter India's business. Similarly, metro rail construction in many cities going on, this sector is driving the concreting business again. In future, real estate is expected to grow further from its recent slowdown.
A platform of opportunities
At Schwing Stetter, we have always reiterated several times that all our products are indigenised based on the feedback shared by our customers. We meet all our customers at trade shows, and all our teams have their noses to their ground constantly collecting feedback from the various concreting equipment operators. This feedback is taken extremely seriously, and Excon is a brilliant platform to connect with our customers. It helps us bridge their expectations and implement project processes better.
The current government was initially not in active mode of announcing projects. However, the entire sentiment has changed now with the increasing number of infrastructure projects in the country. The interest levels have gone up substantially, which means more competition now in the market. This gives rise to increased innovation standards as well.
As one of the largest exhibitors at Excon 2017, we are extremely delighted to launch 17 new products this year. The list of products that will be showcased this year include: Schwing stationary concrete pump SP 1015 D/HD, Schwing stationary concrete pump SP 1330 D, Stetter batching plant M3, Gomaco concrete paver GP 2800, Gomaco concrete paver with independent dowel bar insertor, XCMG crawler crane XGC 85, XCMG cold milling machine XM1003, XCMG motor grader GR 1605, XCMG rotary drilling rig XR (180/220) D, Schwing-XCMG tower crane XT 335 (8020-16), and XCMG aerial work platforms - GTJZ1012, GTJZ1212, GTBZ18A1 and GTBZ22S.
We are looking forward to understand customer's perspective on how to improvise on our product range. We will be extremely pleased to meet new contractors and build our relationship with them as well. Moreover, our most recent launches and variants will be on display. We hope to make sales on the new products as well.