All posts tagged India

Heavy Machinery And Construction Site Accidents

By admin on

Though construction accident numbers have declined over the past year, reports continue to roll out nationally and internationally regarding serious injuries or fatalities due to construction accidents. While many of these stories have involved workers in site-related accidents, such as building collapses, scaffolding failures, and falling from great heights, there seem to be an increasing number of reports of heavy equipment accidents.

Since construction projects, especially larger commercial and residential projects, typically use larger support structures and heavier building materials, heavy machinery is often used to expedite the process of moving and sometimes installing these materials. These machines pose a unique threat to the safety of construction worker, as there exist several possibilities of malfunction that could potentially cause a construction accident.

A few recent examples illustrate the potential hazards posed by heavy machinery. A skid steer, also known as a Bobcat or a front loader, is a common site on construction sites, being used to move large amounts of dirt or other heavy materials. Smaller than a backhoe or other earth-moving machines, it is a useful tool for larger construction sites. If used improperly, however, it puts the operator of the vehicle as well as those working around him in jeopardy. In three recent cases, these machines were responsible for serious injuries and in two cases a fatality.

In Alberta, Canada, two men were working excavating a basement when their skid steer toppled over and pinned them both to the floor. The men were soon rescued by emergency responders and taken to the hospital. In a tragic case here in the United States, a young boy who had gone to work with his father was killed when he fell out of his father’s lap while riding in a skid steer. Preliminary reports indicate that the child was thrown from the vehicle while his father backed up and was subsequently struck on the head by the large bucket full of dirt. In another accident involving a skid steer, a man fell seven stories inside one of the vehicles while participating in demolition work in Chicago.

These small and agile machines are most assuredly not the only vehicles involved in serious construction accidents. While not as common on smaller construction sites, cranes still play a significant role in assisting workers on the job with lifting heavy pieces of building material such as floor joists and beam supports. However, crane accidents also make up a large portion of construction accident statistics.

In a recent case in New York, a man was killed when the boom arm of a crane snapped off and crushed the operator as he was working on a bridge. Reports indicate that there is no clear reason at the moment as to what caused the boom to snap. Regardless, crane accidents could have any number of malfunctions. In international news, reports of a crane collapse which killed seven men as they worked on a rail line in India were released a few weeks ago.

Many of these workers injured in a construction site accident seek legal recourse as a method of compensation for their injuries. It is often advisable for any worker or family member of one who has been injured on a construction site to contact an experienced construction accident attorney to develop a construction accident lawsuit as soon as possible.

Academic Management System Delhi Marks Bright Future of Learning

By admin on

Classroom sessions with monotonous ways of teaching can now be done away with by the usage of academic software. This software is indeed ideal for improving resource planning and target attainment of entire college.

Globalization has influenced all the sectors contributing to economy of India. When education is specifically spoken about, then, there are no doubts that traditional learning pattern had several flaws. Most of all, with the passage of time, dire need of improvising the entire mechanism of college operations has been felt greatly. Since, the earlier modes of managing academic processes were time consuming and often left trails of discrepancies, Delhi software companies innovatively designed a competitive substitute for it. This in turn implicates the emergence of software solutions totally meant to handle all the tasks pertaining to daily schedule in a much simplified manner.

Comparatively, monitoring students, imparting education, invigilation during exams, exposing the learners to new age classroom sessions and keeping a proper track on their movements are few of the merits served by academic management system Delhi. This system offers a glimpse of future of education management in an instant way without letting lesser effective procedures affect the productivity of the college. As a matter of fact, it can be well examined that in the present times, learners are adept at handling tech-savvy system considerably. Thus, the management of learning institutes should invest on a solution which represents idyllic atmosphere for the students. On a pragmatic note, there is a two-way pattern which simultaneously fetches appropriate solution in the favour of learners as well as college authorities.

At first, when the perspective of students is reflected over, then, it can be asserted that learners get accurate platform to inculcate their understanding about varied intricate lessons through tutorials. In short, academic management software Delhi has been highly demanded by the colleges as its tutoring style is technologically advanced. It further implicates that with the aid of computer based tutorials or visual web supported tutorials together act as beneficial source of grasping new aspects related to any subject easily. Apart from this, the mentors, teachers or computer lab tutor play ideal role in making the comprehensive studies interesting.

On the other hand, when administrative or other management officials within academic premises are taken into account with accord to this software, it can be stated that target attainment becomes simplified for them. To cut it short, college management software Delhi is regarded as effective resource for the accounting officials, teachers, librarians and all the other staff members of the institute by enabling them to strategically plan their actions. Furthermore, comprehensive syllabi can be managed with utmost ease by the lecturers and based on their tactful planning; they can proceed with the portions to be completed in a given span of time.

The same goes with other officials who are responsible to perform their tasks timely and contribute to the turnover of college systematically. Frankly speaking, all the departments of the institute within academic sector can currently enhance the utility of the varied resources with the optimal utilization of academic management system Delhi. Lastly, it can be concluded that colleges can reach their objective ultimately if this software is chosen wisely.

College Management Software Delhi designed and developed by HR Software Solutions incorporates the facilities of management of resources though Academic management software Delhi .

Improving Construction Quality, Enhanced Market Transparency.

By admin on

While stocks and bonds have held their positions as traditional investment, investors are increasingly looking towards the alternative investments real estate, hedge funds, private equity and Exchange Traded Funds (ETFs) to engineer an overall enhanced performance of their portfolios.
Improving construction quality, enhanced market transparency, and availability of suitable options have made the Indian real estate market a definitive asset class to invest, which provides a stable and predictable income yield along with a possibility of capital appreciation. While residential markets in India have already witnessed a rapid bounce, commercial markets have touched a cyclical low and are expected to recover to 4-6 quarters.
The market value of investment grade real estate in India under construction has increased from $69.4 billion at end-2006 to $101.3 billion by end June 2010, which equates to 8.2% f Indias nominal GDP FOR 2009.
The market value of commercial office and retail under construction has remained range-bound during 2006-2010, due to the effect of an increase in construction activity offset by a fall in capital values. However, the contribution of residential segment has amplified due to a confluence of increase in construction activity and rapid recovery of property prices.
A significant portion of this market value is required as costs of construction and development of these real estate assets. The costs have been assessed to be $48.5 billion over a period of 2-3 years.
The market value of commercial (office and retail) real estate under construction is $34.8 billion. Commercial office space under development contributes to 74% of the estimated market value being developed in the commercial sector.
As of 2Q 2010, Tier I cities of Mumbai, NCR-Delhi and Bangalore contribute to 70% of the market value of commercial office space under construction, while Tier 2 cities of Chennai, Pune, Hyderabad and Kolkata contribute to 21% of the pie. Other investment grade developments in Tier 3 cities contribute to a more 9% of the pan-India market value being developed in India today.
However, with infrastructural developments and lover real estate costs, the shared of Tier 3 cities is likely to grow In future. While the Tier I cities contribute to 62% of the commercial retail space under development,27% is supplied by the Tier 2 cities.
Residential sector has been the most resilient in the recent downturn, aided by the high demand for housing in India. While residential property prices slumped in 1H09, their raped recovery in 2H09 and 1H10 was accompanied by a slew of launches across India.
As of 2Q 2010, the market value of residential properties under construction is $66.5 billion, contribution 66% of the value of total real estate under construction in India.
While the premium segment comprises only 4% of the saleable area being developed, it contributes to 24% of market value. While NCR Delhi leads in terms of volume of residential properties being developed, Mumbai contributes a larger share to the market value.
Foreign Direct Investment (FDI) into housing and real estate in India increased steadily from $0.04 billion in 2005-06 to $2.18 billion In 2007-08. Since 2007-08, a total FDI of %7.82 billion has been put into housing and real estate in India. Considering an average construction period of three years for real estate properties, this equates to 7.7% of the market value of investment grade real estate under construction as of 2Q 2010.
Courtesy:-Times Property 02-10-2010

Learning Institute Management through ERP Solution

By admin on

Learning campuses such as colleges need to manage all the departments within smooth manner. This can be easily dealt with by utilization of ERP software.

Offering education to students is not the sole function handled by learning institutes, instead monitoring all the management tasks have to be focused on. As a matter of fact, this is a very crucial aspect to ensure flow of all the procedures has not gone haywire. Moreover, even slightest mistake can cause interruption in the accurate output. So, what is the solution? Can traditional infrastructure of college support the purpose of management in the present times? Probably, when the answer to these two queries has to be sought can put management of the college in major dilemma. Therefore, the Indian market has found appropriate solution which can offer comprehensive management system to colleges.

This software for college acts as best platform to integrate tasks of all the departments within the campus. Specifically, when it comes to reach to concrete conclusion about effectiveness of college management software Delhi, then, the authorities of the institute should understand functioning or basic utility of this ERP solution in advance. It will be now ideal to discuss functioning of this software in order to get better idea about its implementation through varied modules:

Specific module for managing tasks of all the departments: Whether it is administrative function or student and teacher management, the modules have to be utilized rightly for smooth monitoring of tasks. This is the underlying reason behind the modular composition of college management system India which in turn offers highest level of convenience to personnel. In the same way, all the beneficiaries can make the most out of the modules those have been solely designed for them. Graphical push button system: User friendly software which can be operated by all the officials offers best outcome to the entire college in terms of management. Hence, keeping in mind, this basic point, the college management software India has been created with utmost simple interface wherein, graphical push buttons are added. Most of all, the basic approach towards this system has been to serve multiple tasks yet without involving rocket science. The software designers precisely understand the proficiency levels of all the officials cannot be advanced, thus, application of modules is very easy.

Customized functions can be added for better outcome: It is apparent all the colleges want to get recognized as unique in terms of provisions, policies and overall management. Therefore, the smart business solution to be used for its management needs to be different too. This need gets addressed by the customization of college management software Delhi. Contrarily, the main goal to be attained is college management yet variations in the software are necessary for delivering outcome in accurate manner.

Efficient management is what has been served by the software: Single platform of college management software assures efficient outcome. This is simply due to the entirely automated mechanism of the software. Hence, the management of college becomes effortless.

Last, but not the least, it can be affirmed that this software for college management is really worth an investment.

Academic management system Delhi designed and developed by HR Software Solutions incorporates the facilities of management of resources though College management software Delhi.

India’s Biggest Construction Expo To Be Held In Mumbai

By admin on

THE BAUMA CONEXPO SHOW – bC India 2011 is set to establish itself as Indias top quality construction machinery show at Bandra Kurla Complex from February 8 to 11, 2011. It will be the international trade exhibition for construction machinery, building material machinery, mining machinery, commercial vehicles and allied industries. The visitors of the show therefore will have the opportunity to see and compare latest technologies and innovations from manufacturers from all over the world.

According to Thomas Loeffler, CEO, bC Expo India, this business platform will bring together global market leaders and industry representatives to India. bC India is a joint venture between two internationally successful trade show organizers. They are Germany-based Messe Muenchen International (MMI), organizer of BAUMA and US-based Association of Equipment Manufacturers (AEM), organizer of CONEXPO-CONIAGG. .The Builders Association of India (BAI) is the joint organizer of this gigantic event.

The exhibition space covers 80,000 sqm, which is divided in an outdoor area of 65,000 sqm and a hall area of 15,000 sqm, with participation from over 420 exhibitors from more than 28 countries. More than 65 % of the exhibitors have their headquarters abroad. About 35 % of the exhibitors are from India. This will have 9 country pavilions, which furthermore underlines the international character of the show. The country pavilions are : Australia, China, Finland, Germany, Italy, Korea, Spain and UK. Thomas claimed 100 more exhibitors are on their waiting list.

Dagmar B. Fleming, Director, Global Business Development, AEM, is confident this show would transfer quality and professional organization for the fast growing construction sector in India. Accordign to her, the services that likely provides include professional service prior, during and after bC India for exhibitors and visitors; cooperation with internationally experienced service partners, clear and professional communication of exhibitors and professional exhibition venue in partnership with industry groups.

The organizers are planning to organize this show every two years in India to showcase the innovative technology in the construction and infrastructure sectors. The organizers are expecting about 20,000 trade visitors from various destinations of India and also from Europe, Middle East and Asian Countries like Saud Arabia, Iraq, Iran, Dubai, Sri Lanka, Afghanistan, Pakistan, Bhutan and Bangladeshi.

Utility of College Management Software India

By admin on

College requisites in terms of management differ from those demanded by school. Hence, the ERP software for college is prepared with functional modules to improve academic management experience.

Despite their common functioning of learning institutes, there is a level of distinction in the approach adopted by them. Particularly, in the context of college, it can be stated that its management is complex as compared to schools or other learning campuses. This difference is primarily due to provisions and advanced amenities offered to the students, staff members as well as all the beneficiaries of college. Hence, the need of ERP software becomes dire for minimizing manual efforts by automating the management functions. As a matter of fact, handling all the daily processes of university or learning institutes can become much simplified by installation of college software.

Since, the automated functionality of this ERP solution has compatibility with all systems of learning institutes, software is reliable. In the modern era, it has removed all the glitches those used to persist in the path of college management. Most of these issues either cropped due to singlehanded functioning or manual mismanagement. This was the underlying reason behind emergence of college management software India which in turn has led to improvised scenario in terms of integrating all the tasks. First of all, the major contribution to increased turnover of colleges of this software is its user friendly interface. This interface has specifically defined modules according to all the departments of college so that all the functions get processed in a smooth pattern.

In order to understand the utility of college ERP software, it will be suitable to take a look at its common attributes:

Front desk management: This module is designed to monitor all the front desk operations in an automated manner. In short, entire paperwork has now undergone touch of virtualization which has led to easy implementation. Whether it is keeping a record of visitors, compiling administrative data or maintaining confidential data, the advanced methodology of academic management software India has improved accessibility experience of personnel.

Admission management: Admission process is one of the pivotal processes of learning campuses. Hence, to avoid inconvenience, this module for managing admission process and related tasks has been competitively included in the single platform of college management software. The administrative officials can efficiently complete the admission process in simplified manner by using this module.

Fee management: Monitoring quarterly, monthly or annual fee along with its other constituents can become tough if manual process has been applied. This might either delay performance of the officials or calculation based errors can lead to mismanaged results. Therefore, fee management is the resourceful module of college management software India which has led to quicker results.

Student and staff management: Students and staff members can be managed with the respective modules determined to utilize the real-time information for administrative records.

Library management: College library is very crucial department which serves as resource centre for students to access study material according to their course. They can issue books for certain period of time yet manual library management proves to be tiring. Therefore, this module of college management software serves the purpose of managing library functions easily.

In a nutshell, this ERP solution for college is definite aid for the academic management.

College management software India designed and developed by HR Software Solutions incorporates the facilities of management of resources though Academic management software India .

How To Buy A Property Through Bank Auction

By admin on

Besides announcements in newspapers by banks, are there any other sources from which a potential buyer can get information on property auctions? Are they other websites such as foreclosureindia.com?

Ans: Other than announcements in newspapers some banks update the notices in their own websites, i.e the interested investor has to visit 83 Bank Website for information. Foreclosureindia.com
is the only website providing such information free of cost across the nation for 33 cities covering almost 80 % area of India. The details of other sites along with comparison with those site is attached.

2.) Usually, how much is the earnest money deposit which a potential buyer needs to put up? Is it always upto 10% of the reserve price or can it be more/less? How much is the reserve price usually? Is it always at a discount to the market rate?
Ans: i. The Earnest Money deposit is usually 10 % of the reserve price. In some cases, the DRT’s are mentioning even 5 % also.

ii. Th reserve price is finalized by the Authorized officer in consultation with the approved valuer.
THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002
8 (5) Before effecting sale of the immovable property referred to in sub-rule (1) of rule 9, the authorised officer shall obtain valuation of the property from an
approved valuer and in consultation with the secured creditor, fix the reserve price of the property and may sell the whole or any part of such immovable secured asset by
any of the following methods:–
(a) by obtaining quotations from the persons dealing with similar secured assets or
otherwise interested in buying the such assets; or
(b) by inviting tenders from the public;
(c) by holding public auction; or
(d) by private treaty.

The approved valuer will give two prices (a) Market value (b) Dis stressed value. This Dis stressed value will be generally 20 % to 30 % less than the market value. The authorized officer will finalize the reserve price based on the dis stressed value or as per his discretion.

iii. It is always at a discount to the market. Otherwise, Investors will not buy these properties due to two reasons. (1) 100 % white money is to be paid and source of funds are to be shown . (2). Registration charges are to be paid on the total amount. Generally in some of the states, around 40 % black money is being paid for buying of the properties and registration charges will be paid on 60 % white amount only.

3.) Can winning bidders obtain bank loans to buy the property? Will the same bank auctioning the property lend to the buyer?

Ans: i. Very few winning bidders are taking loans to buy these type of property due to the following reasons. (a) Loan has to be processed and disbursed with in 15 days, very tight schedule for processing of Housing loan. (b) Some Bankls like IDBI Bank, LIC Housing Finance and to some extent ICICI Bank are not encouraging to give loans for these type of properties. Further, in some cases, the same bank may lend to the buyer it depends on the credibility of the buyer.

If Reserve Bank of India issues a policy guide lines for sanction of Housing loans to these type of properties , then the percentage of sale of these type of properties will increase from around 50 % to at least 70 %.

4.) As I understand, full payment needs to be paid by the winning bidder to the bank within 15 days from the date of acceptance of the bid, else money already paid is forfeited. Given this tight timeline, is taking a loan (if possible) a practical option? Does this then restrict the property auction process to HNIs who have funds ready?
Ans: 1. Yes, full payment is to be made with in 15 days from the date of Aauction, else money already paid is forfeited.
2. Taking a pre approved loan is the practical option to buy these type of properties.
3. You are right partially and as per our observations, the NRI’s are also buying these properties.( Who are working in Arab countries & USA, UK etc ) .
Around 13 % of the visitors to our site are coming from USA, UK, Arab Countries, Singapore, Australia & New Zealand etc.
4. We have observed that some of the banks are extending the time to 30 days, in some cases.

5.) What are the chances of auction price being bid up sharply by potential buyers? If this happens, it would take away from the main attraction of the auction – getting the property at cheaper rates that market prices. When/How often does such a situation arise?
Ans: As per our observation, if the Banks have put 100 properties for auction, the success rate / sales may be like this.

1. No bidders are coming for around 45 properties , due to improper reserve price, No publicity, external political situations like Telangana issue etc. These properties are laying with Banks as unsold and they are providing provisions in their balance sheet for these NPA’s.
2. One to three bidders are coming for around 45 properties , the final auction price is being settled nearer to reserve price only.
3. Three or more than three bidders are coming for about 10 % properties and auction is being held and the final auction price is higher.
In our view, if any one is interested about any property, he/ she will have chance of winning that property is around 85 %.

6.) Does the as-is where-is clause increase risks for the buyer in the form of hidden costs, or is the buyer indemnified by the bank?
Ans :The hidden costs are mainly property tax, power/water/phone bill, maintenance fees such costs can be found by normally speaking to the head of the society/apartments. The buyer should always check these hidden cost before placing a bid for it. The Banks will not indemnify on paper. However, the Banks will put their efforts to resolve any issue arises considering their reputation.

7.) What is the risk of legal dispute after the buyer acquires the property? Can the original owner or other buyer competitors go to court, and cause trouble for the buyer?
Ans : After the property is sold there is no legal risk. In some cases the auction is conducted while the case is still in court. In such cases, once the case is settled the borrower is given an additional 15-30 days time to clear the dues. If the borrower is unable to do so, then the sale certificate is issued to the buyer. If the borrower settles the amount then the amount deposited by the buyer is refunded. :

8.) From the perspective of the buyer, are offline or online auctions better?
Ans : Online auctions are better. At present, Karnataka State Financial Corporation, Matexnet.com, and arms.net.in are conducting online auctions for selling of immovable assets in very limited way.

9.) How popular are online auctions by banks? Has it picked up? Why or why not?
Ans : Online auctions are less than 4 % of total auctions. Our view is that online auctions are in nascent stage in India. A lot is to be developed in terms of Technology, Processes, awareness, adaptability.

We have a vision to conduct online auctions in seven cities i.e tier I & II cities, New Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune & Kolkatta in near future. We want to conduct the Auctions on fixed dates every month.

Maruti Suzuki India Has Launched Its Latest Version Of Swift At A Great Price

By admin on

The brand new Maruti Swift is launched available in the market in August 2011. This automotive is alleged to be available in each petrol and diesel and is said to be immensely economical. With the diesel mileage being barely higher than the petrol mileage, both the number is mind blowing, 25.8 km/l and 21.5 km/l respectively. New features unlike any of the ones earlier Maruti have been launched such as button start, back viper, Bluetooth connectivity, USB and aux ports in the stereo, electronic folders back view mirrors, audio controls on the steering wheels for ease of access and less distraction, xenon headlight and non-compulsory sunroof. The brand new Maruti Swift is said to come back in 7 totally different fashions, every with its personal specifications. Its worth range is in between Rs. 4, 30,000 to Rs. 5, 60,000? Fairly reasonably priced for such distinct added features. It’s available in a wide range of colors akin to pink, silver, white, and black and red.

The Maruti Swift falls in the B-Segment of vehicles? Since its worth vary isn’t too low or too high. It redefines type and power. Type in the sense that it’s designed to convey a very sporty look and therefore its phase its principally the younger people. And power in the sense that it supplies an astonishing excessive mileage in each petrol and diesel. Maruti Swift can absolutely flip heads with its aggressive but sporty seems and style. Moreover, the added features which can be up to date with know-how, makes it one of the demanding cars in India. Options akin to Bluetooth connectivity, electronic steering and folding mirrors, audio controls on the steering wheel and USB and aux services gives it sturdy market leader qualities and explains the rationale behind its current excessive demand even after reaching the maturity stage of its product life cycle.

The exterior as nicely the interior of Maruti Swift gives it world class recognition. Its modern and curvy design gives it an aggressive yet sporty look. The daring headlights supply it fashion and elegance which is surely to make a mark on everyone. The colored handles of the doorways present further beauty to the exterior of the car. The interior of the car has been specifically designed to present it a really stylized but elegant look. The within of the car may be very spacious and has nice performance too. The dashboard which is quite roomy allows its consumer to store the fundamental touring requirements inside the car. Moreover, the way in which that the dashboard has been positioned additionally offers the passenger a lot of leg space. The Maruti swift is good for lengthy distance journeys because the automobile is sort of spacious and has ease of drive features comparable to energy steering wheel, energy home windows, electronic break and air baggage for added safety. Moreover, the silver garnish on the doors allows the automotive to provide the car a very elegant look. There may be ample luggage area within the trunk of the automobile as nicely which allows one to retailer quite a few traveling luggage, making it not only a car most well-liked by the children but additionally the family men as well. Hence Maruti Swift has been in a position to cater to the whole market.

Construction Equipment India

By admin on

Equipment Finance in India
The Indian mining and construction equipment finance market is yet to evolve. There are only 3 major players SREI Infrastructure finance, Cholamandalam DBS and Birla Global finance which cater to approximately 3% of the market as compared to 65% in developed countries. SREI also provides assistance to its customers throughout the lifecycle of the equipment and has initiated reverse auctioning of equipments in 2007.

Rental Equipment
The equipment rental business in India is currently pegged at around 7-8% of the total construction equipment industry which is nowhere close to what is seen in more developed markets with around 80% in Japan, 60-65% in USA and 35% in china . The Rental Equipment business in India is expected to grow to about 25% by 2010. The prominent organized players are SREIs Quippo, Sanghvi movers, Gremach Infrastructure equipments and Caterpillar .The average cost of hiring has gone up by approximately 30-40% over the last two years.

Nigeria Construction Equipment Industry Background & Historical Trends
Nigeria coal mining equipment cover a variety of machinery such as hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dump trucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers, vibratory compactors, cranes, fork lifts, dozers, off-highway dumpers (20T to 170T), drills, scrapers, motor graders, rope shovels etc. They perform a variety of functions like preparation of ground, excavation, haulage of material, dumping/laying in specified manner, material handling, road construction etc.

These equipment are required for both small-scale mining in Namibia. With a wide production capacity base, India is perhaps the only developing country, which is totally self-reliant in such highly sophisticated equipment. India has only a few, mainly medium and large companies in the organized sector who manufacture these.

Small scale gold mining equipment is machinery used to build and demolish bridges, buildings and other structures. These machines usually save labor, time and money. One of them can do more work in an hour than a hundred of workers using hand tools could do in a day. The chief kinds of building machines include earthmoving machineries hoisting, material handling machines and pumping machines. Other construction machinery used is for preparing the land and materials for construction. Demolishing machines are used to demolish structures and buildings.

The Indian construction equipment industry today faces stiff competition, great opportunities and challenges, but India has a total command over all these things as according to confederation of the Indian industry report, 2005 as for engineering and capital goods base. The Indian engineering manufacturing sector has been growing at the rate of about 5.9% in the nineties. India today produces a variety of machinery whose range is quiet wide and deep. Rapidly increasing construction sector has been the indication of good times for companies manufacturing construction equipments.

After-sales Services Boosting Construction Equipment Industry In India

By admin on

Global mining and construction equipment companies receive above 15% of its revenue from spares and services, which strongly support their profitability and smoothens revenue volatility. As a result, manufacturers are enabled to competitively price their offerings and efficiently manage their product life cycles. However, in the Indian scenario, the situation is nowhere near the global trends. At present, spares and services contracts contribution to revenue is very low and its growth is also not very encouraging, which can largely be attributed to relatively small size of equipment and the availability of non-OEM spares.

However, as the economy is recovering, the Indian construction equipment industry is showing positive growth potential. Further, according to a recent research by RNCOS, Booming Construction Equipment Market in India, after-sales services associated with the construction equipment industry are showing stupendous growth ahead with various global and domestic companies already planning to acquire this untapped market.

Our research also approved high growth possibility in the equipment rental industry and financing market. Over the past few years, a comparatively, impressive growth results in small construction equipment rental market have been noticed. Various states in the country adopted initiatives to smoothen inter-state movement of equipments, which benefited rental companies the most. A number of rental companies collaborated with equipment suppliers for equipment maintenance.

Our report provides a profound research and rational analysis of the Indian construction equipment industry. It not only presents information and statistics related to all prominent market segments like earth moving and material handling, but also analyzes the historic, current, and upcoming trends in the market to provide balanced market intelligence of the industry. The report also shed light on the Indian rental equipment and the equipment financing markets.

Besides, the report provides industry forecast, based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, it depicts an unbiased picture of the Indian construction equipment industry which will prove decisive for the clients and help them devise sound investment strategy.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM277.htm

Some of our Related Reports are:

– US Cement Industry Analysis (http://www.rncos.com/Report/IM346.htm)
– Saudi Arabia Housing Sector Outlook (http://www.rncos.com/Report/IM213.htm)
– China Housing Sector Outlook 2013 (http://www.rncos.com/Report/IM212.htm)
– Vietnam Housing Forecast to 2013 (http://www.rncos.com/Report/IM257.htm)
– Brazil Housing Sector Analysis (http://www.rncos.com/Report/IM221.htm)

Check Related REPORTS on: http://www.rncos.com/Other%20Industry.htm