The need of the hour is to identify projects of national importance and ensure they are implemented expeditiously, says Amit Gossain, Executive Vice President - Sales, Marketing and Business Development, JCB India. Excerpts from the interview..
How do you foresee the growth demand of earthmoving equipment by 2017?
Owing to the recent focused and bold reforms by the Government, Indian infrastructure industry is gaining momentum and as a result, we are witnessing a slight upsurge in the demand of construction equipment. The industry still has a long way to go but we are definitely on the growth trajectory.
According to a latest report by E&Y titled ´Engineering, Procurement and Construction´, the 12th Five Year Plan envisions investment of approximately Rs 56.3 trillion in Indian infrastructure and the construction opportunity is estimated to be around Rs 26.7 trillion thus, presenting a huge opportunity for the construction equipment sector.
What are the projected opportunities that will drive the demand for earthmoving equipment?
With the Government´s renewed impetus on infrastructure, the construction equipment industry is now poised for tremendous growth. The Government has instilled a positive outlook in the country by announcing new infrastructure projects and is allowing huge investments in infrastructure industry.
The new Government is also promoting domestic and foreign investment in a big way. Announcements like US companies planning to invest $42 billion in India over the next two-three years, China planning to invest $20 billion in India primarily in building the railway infrastructure will give a huge boost to the infrastructure industry. As per media reports, India´s most ambitious infrastructure project, the Rs 325,000-crore Delhi Mumbai Industrial Corridor (DMIC) took off with the DMICDC putting out bids for building trunk infrastructure in Vikram Udyogpuri near Ujjain in Madhya Pradesh. The Government is investing close to Rs 7,500 crore in infrastructure projects - Rs 4,200 crore for the railway project in the state besides Rs 3,200 crore for the power transmission project in Arunachal Pradesh. Additionally, the Government has introduced some notable reforms - projects like Swachh Bharat, Clean Ganga, and Make in India. Smart Cities is another project which resents a huge opportunity for the CE industry.
But to achieve these targets, the Government needs to ensure that all the bottlenecks are removed and the stalled projects are cleared without any further delay. The need of the hour is to identify projects of national importance and ensure they are implemented expeditiously. We need to have a mechanism in place which will streamline the on ground execution thus, ensuring a long term demand for all construction equipment.
Tell us the latest technology trends in your range of products?
JCB offers a wide range of variants in every product category to ensure that our customers derive the most out of it. We believe in upgrading our products from time to time to ensure our machines are most innovative and most fuel efficient. JCB´s flagship product backhoe loader is just getting better with each passing year. Currently, JCB offers five variants (2DX, 3DX, 3DX Super, 3DX Xtra and 4DX) and based on the customer feedback, we continue to continually upgrade the machine to suit our customers´ needs.
JCB has made some significant changes in its existing range of tracked excavators with industry leading cab, structure, reliability and fuel efficiency. Presently, JCB offers excavators starting from 3-tonne to 36-tonne.
JCB presently offers three wheel loader models (two variants of 430 ZX, 432 ZX). The two models of 430ZX are 3.3T payload and the 432ZX is for 3.6T payload. JCB wheel loaders come with bucket capacities ranging from 1.5 cu m (rock bucket), 1.8cu m (rock bucket) to 3.1 cu m buckets. JCB wheel loaders are capable of continuous hours of uninterrupted and productive operation.