"Ammann India has been the leaders in wheeled paver product category over many decades have now entered into the track paver product category as well and hence we are now in the position to be even more effective in the paving equipment."
Q. As the leading manufacturer of Paving equipment, how do you see, Road Construction Sector In India: Developments, Promises and the road ahead?
Ammann India, as a leading manufacturer of paving equipment, sees promising developments in the road construction sector in India. The government’s focus on infrastructure development, which include initiatives such as Bharatmala and Pradhan Mantri Gram Sadak Yojana (PMGSY) , various expressway projects etc., coupled with increased fund allocations in the infrastructure sector indicate a positive road ahead for the sector. Ammann India has been the leaders in wheeled paver product category over many decades have now entered into the track paver product category as well and hence we are now in the position to be even more effective in the paving equipment.
Q.What are the predominant issues pertaining to the Road Construction Equipment industry?
Predominant issues in the road construction equipment industry include challenges related to availability of funds with smaller contractors, Issues in the funding of static & non-moveable assets such as Asphalt Batch Mix plants. Paucity of funds with some state government as well as land acquisition issues are still a deterrent timely execution of projects and equipment uptake.
Q. According to you, how has been 2023, Hard or soft landing for the Road Construction Equipment market?
The assessment of whether 2023 was a hard or soft landing for the road construction equipment market would depend on various factors. The mention of a lukewarm beginning in 2022-23 due to fund availability issues indicates potential challenges, but the positive developments in the last quarter, including higher infrastructure push for roads and highways, suggest a recovery and growth trajectory.
Q.According to you, what are the innovations that will transform the Road Construction Equipment industry in the next five years?
Innovations that will transform the road construction equipment industry in the next five years include advancements in intelligent plant control systems, energy-efficient asphalt and concrete plants with remote monitoring and optimization, and a focus on sustainability through solutions for recycling reclaimed asphalt pavement (RAP) and alternative energy sources.
Q.Could you tell us about your major projects and clientele you are catering to?
Ammann India has been involved in major projects such as the Ganga Expressway, Samruddhi Expressway and NH66 to name a few, showcasing the reliability and efficiency of its products. The clientele includes all major contractors engaged in road construction projects.
Q. According to ICRA, Road construction will clock 16-21% rise in FY24 ahead of general elections so what kind of business opportunities is Ammann India looking forward to?
With an anticipated 16-21% rise in road construction ahead of general elections, Ammann India looks forward to significant business opportunities. The company is well-positioned to contribute to the sector’s growth with its advanced and sustainable road construction equipment.
Q.What are the company’s hopes for 2024?
The company hopes for a positive outlook in 2024, capitalizing on the momentum in road construction. The focus on innovation, sustainability, and meeting the evolving needs of the sector positions Ammann India for continued growth and success in the coming year
