“India has lower penetration of rental equipment.”
PORTS & SHIPPING

“India has lower penetration of rental equipment.”

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines.

One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us. 

Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019.

Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling. 

Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up. 
Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution. 

Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Munish Taneja, President-Equipment Hiring Business, Indiabulls Store One, urges the industry on improving rental yields and offering better operation and maintenance support to maximise the productivity of rental machines. One pathbreaking offering: We have pan-India operations, which no other rental company offers today. We have our yards and operations team to support our freight in five locations. With a big fleet of 670 equipment, it is essential for us to offer good after-sales support – that is what differentiates us.  Demand drivers in 2019: Piling, access platforms and mining are the three segments that will be growth drivers in 2019. Announcement contributing to the company’s growth in 2018: This year, our main announcement of diversification was an important one. Earlier, we were focussed on the real-estate segment, where we had a huge presence. This year, we have diversified into railways, roads, port and infra projects, and piling.  Challenge for the company in 2019: Being an election year, 2019 will be critical for large projects that are lined up.  Key strategy to success in 2019: Diversification into new industry segments and increasing the customer base. Apart from this, we will focus on large infra projects that have stable funding and faster execution.  Recommendation for growth of the construction equipment market: Compared to the developed market, India has a lower penetration of rental equipment. Rental yield is important for us to sustain and for future growth, which will enable us to provide good services to our customers. I request all rental competitors to focus on keeping a rental yield that will be beneficial to the customer and us.

Next Story
Real Estate

We are executing data-centre projects in MMR region: Paradigm Realty

Certain areas of Mumbai showcase tremendous opportunity for redevelopment, as Parthh K Mehta, CMD, , explains. He speaks about his company’s plans for this region, adherence to quality, use of technology and its strategies and plans for data centres and further expansion going forward. Excerpts:According to a Knight Frank India report, there's been a noteworthy rise in property registrations in Central and South Mumbai and Bandra and Worli showcase the opportunity for redevelopment. Does the group have any plans for this region? We recognise that Mumbai as a city is continuall..

Next Story
Real Estate

Windows to world

India’s current crop of tall and super tall buildings has an advantage over predecessors: openable windows. Codal provisions and ensuing market developments are behind this change. “Until a decade or so ago, we lacked designs and products enabling openable windows for glass façades,” explains Rajan Govind, Director, Facade+Construction Tech Specialist, BES Consultants. “It is only more recently that the National Building Code 2016 has released detailed façade requirements, which make openable windows mandatory.”The National Building Code 2016 mandates 10 per cent openable..

Next Story
Real Estate

New Terminal Building – Kolhapur Airport

On 10 March 2024, Prime Minister Narendra Modi officially inaugurated the new terminal building at Kolhapur Airport. The terminal is part of a broader development initiative valued at about Rs 2.56 billion, which includes the construction of the terminal, runway extensions, new apron and parking bays. Designed by Gian P Mathur Architects & Planners (GPM), the terminal's architecture draws inspiration from Kolhapur’s heritage and has earned a four-star GRIHA rating.Design and featuresDiscussing the design brief, Anil Shinde, Kolhapur Airport Director, Airports Authority of India (AAI), sa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000