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Wednesday, Jul 01, 2009
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Industry & Economy - Budget
Build up construction equipment sector


India is a major market for infrastructure development.

The construction industry, set to achieve its true potential, offers a huge opportunity for the various players.

The construction equipment industry must get a larger budgetary allocation that will lead to bring about sustained development.

The Government should revive/complete projects that have been put on the backburner due to the financial crisis.

Small players that offer support services to the construction equipment industry urgently need finance at easier rates to invest in new equipment.

The rupee’s should be taken into account while fixing taxes as that can drive down the internal rates of return (IRR) for infrastructure projects.

Rajiv Sethi,

Managing Director,

Gemini Equipment and

Rentals Pvt Ltd

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