Infrastructure equipment was one of the first few from the manufacturing sector to get back on to the growth path in end 2016. With Finance Minister Arun Jaitley raising the bar on infrastructure building to all time high in Budget 2018, infra equipment makers are ecstatic.

Just after the Budget presentation on Thrusday, Sumit Mazumdar Chairman and MD of TIL Ltd and past president of CII announced plans to set up a third factory at Kharagpur in West Bengal at an estimated investment of Rs 225-250 crore.

TIL currently has two units at Kharagpur in West Midnapore district and Kamarhati in North 24-Parganas district of West Bengal. “It is a good Budget and will trigger growth on rural infrastructure in particular,” Mazumdar told BusinessLine . He expects a bright outlook for the infrastructure sector and the equipment makers.

Sandeep Singh, managing director of Tata Hitachi Construction Machinery, sees a lot of his future growth coming from the Prime Minister Gram Sadak Yojna (PMGSY)-III rollout as promised in the Budget. He is also hopeful that the Budget promise to offer farmers a minimum MSP of 1.5 times of the production cost of the crop will trigger growth of smaller equipment as farmers will be encouraged to desilt ponds and water bodies and connect their fields to the irrigation canals.

The all time high allocation for Railways is going to enhance the pace of new projects with both steel and construction equipment makers reaping the harvest.

Smart City projects will also be another growth attribute.

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