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.
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.