The major challenge is availability of finance for construction equipment market.
- Kamlesh Jain Managing Director, Nakoda Machinery How do you assess the Indian CE market revival in the post-Covid scenario? As data confirms, revival is better than expectation. The best part is that after a revival in infrastructure projects, the mining industry also doing well. What kind of demand are
- Kamlesh Jain
Managing Director, Nakoda Machinery
How do you assess the Indian CE market revival in the post-Covid scenario?
As data confirms, revival is better than expectation. The best part is that after a revival in infrastructure projects, the mining industry also doing well.
What kind of demand are you experiencing for your products and solutions in OEM and after-market?
We find that most of the excavator manufacturers are trying to find domestic partner for their attachments instead of Korea, China or Japan due to supply chain challenges, currency cost and overseas freight.
How do you look at the future demand trends and opportunities for your products in construction and mining application?
I feel that this growth story remains intact for the next 5-10 years due to the professional outlook of the government to drive mining and infrastructure.
What is the one major challenge faced by the Indian CE market currently? What are your suggestions to iron out this challenge?
The major challenge is availability of finance for construction equipment industry. Higher raw material costs and availability constraints need to be addressed by prioritising domestic demand against EURO order of alloy steel. Ease of infrastructure to grow domestic industry to reduce import dependency also can help in long term.
What are your plans at EXCON this year? Are you launching any products?
We are launching ourselves as the fourth organised player in diesel portable compressors in domestic market. We do offer crushing equipment solutions with range of equipment with modern technology. So we will be the first MSME in India offering huge basket of products with satisfy customer bank as crawler drills, rock breakers, crushers and compressors .
What are your expectations from the EXCON platform in the new market scenario?
We would like to demonstrate our new products to customers which help improvement our journey in future.
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