Crane Manufacturing Companies in Bangalore - SGF Fab Industries

At A Glance - Construction Industry in India - 1

Construction equipment industry in India makes a significant contribution to the country's GDP. Construction sector in India is considered to be the second largest employer and contributor to the economic activity, after agriculture sector. Construction sector also accounts for the most inflow of Foreign Direct Investment (FDI) after the services sector and employs more than 35 million people in the country. Around 50 percent of the demand for construction activities in India comes from the infrastructure sector, while the rest comes from industrial activities, and residential and commercial development. Indian construction industry's value is estimated to be more than $126 billion.

Image Credit - NBM&CW

Infrastructure growth holds the key to the industry, realizing its potential in India. In the 12th Five Year Plan, the government earmarked approximately $1 trillion for infrastructure investment, with 40 percent of the funds coming from the private sector. In order to attract such investment, the Indian government eased FDI norms for quite a few sectors of infrastructure development. This is likely to spur the demand for the earthmoving and construction equipment, and if the industry's full potential is realized, the result could be a $16 billion to $21 billion industry by 2020.

There is a multitude of construction equipment manufacturing companies that are designing copper-bottomed cranes, material handling equipment, and fabrication materials. A crane is a device that uses one or more simple machines to create mechanical advantage and thus, moves loads beyond the normal capability of a human. Over the years, cranes have perceptible undergone transformation. They are being used in different industries for carrying out various tasks. Loghandling crane manufacturers in Bangalore SGF Fab provide 12 distinctive varieties of crane that are reliable and efficient.

Monorails manufacturers in Bangalore SGF Fab are affording infallible construction equipage from ages. These precast handling crane manufacturers provide an array of cranes, material handling equipment, and industrial fabrications that hasten the construction process, or any other type of job. What distinguishes them from their contemporaries is the customization of equipage.

The 12^th Five Year Plan

India's need for infrastructure development was also supported by the government's intentions as outlined in the 12th Five Year Plan (FYP). Infrastructure was one of the plan's primary areas for spending, with about $1 trillion (Rs.55 lakh crores) earmarked for investment. Five sectors accounted for more than 80 percent of total planned spending: electricity, telecom, roads and bridges, irrigation, and railways, including mass rapid transit systems.

Image Credit - NBM&CW

Overall, infrastructure spending was expected to grow from 7.2 percent of GDP in the 11th FYP to 9 percent by fiscal year 2017. Private investment in infrastructure was expected to increase from Rs.8.8 lakh crores in the 11th FYP to Rs.26.8 lakh crores in the 12th FYP. More than 80 percent of private-sector spending was expected to continue (2017) to focus on four sectors: telecom, electricity, roads & bridges, and renewable energy. Private investment in infrastructure was expected to increase from 37 percent in the 11th FYP to 48 percent in the 12th FYP. This growth was expected to be spurred by private players' expected capacity expansion and their ability to provide good quality, timely service while keeping costs low.

(This blog will be published in several series to cover the sum and substance of the industry.)