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Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.

The Eleventh Hour Is Here!

By 2025, the construction market in India is expected to emerge as the third-largest globally.

Good transshipment facilities will drive port sector growth

In spite of the vast coastline and more port facilities across the coastline, India is still lagging behind many ports in the region in cargo handling efficiency. Anil Bhatia, Vice President - Sales & Marketing, TIL, elaborates on the market scenario and outlook.

Gaining Momentum

Ports sector in India is gaining momentum with steadily growing cargo traffic and the expansions progressing at various ports. Development of new ports add to this momentum. Port equipment players are looking at this trend positively.

Port of call

Cargo traffic at Indian ports is gradually growing. Containerisation and palletisation of cargo is on the rise, though there is still far more to go for us to have a sizeable share of containerised and palletised cargo in the global market.

Ports of Opportunities

Capacity expansion plans at Indian ports is giving a renewed hope for port equipment players. Many port operators are acquiring new equipment as part of modernisation and expansion of handling capacities at these ports.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

On a Brighter Note

The government's increased focus on port infrastructure and through budget and Sagar Mala programme has opened new growth avenues for port equipment industry and is looking forward to a brighter future in India.

A Healthy Outlook

Increasing investments and cargo traffic point to a healthy outlook for India?s ports sector. Cargo traffic, which was 976 million metric tonne (mmt) in 2012, is expected to reach 1,758 mmt by 2017.

The Road Ahead

The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.

Stalled but Hopeful

In spite of the present slowdown and resultant sluggishness in the CE market, the long- term growth prospects are still intact; and experts view the huge infrastructure deficit as a major growth driver and prudent steps from the government can bring India back on the growth trajectory.

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