New govt helps built positive outlook

Indian and international trade associations, institutions and companies feel that the new govt will make room for some promising possibilities.
As the new Indian Prime Minister Narendra Modi is known for rapid decision-making and promoting the urgent need to invest, industry hopes for a new drive for construction-equipment and building-machinery sector.
Being very optimistic, Amit Gossain, President of the Indian Construction Equipment Manufactures’ Association (ICEMA), says, “We have a lot of hope from the new govt and we are sure that it will work hard to ensure projects of national importance are on the ground very quickly. This will be good for infrastructure, for the equipment industry and of course for India.”
Raman Joshi, VP and GM, Asia-Pacific at Manitowoc Cranes, says, “Now the election uncertainty is over and we can look ahead to some prospective developments. With Mr Modi’s strong background in economic development, infrastructure, and creating a business-friendly atmosphere, we hope he will be able to drive through the necessary changes to push the Indian economy to the next level.”
According to Sushanta Kumar Basu, President of the Builders’ Association of India (BAI), though the growth rate has stabilised recently, the initiative proposed by the new govt will certainly rejuvenate the Indian economy to greater heights. In addition, as Johann Sailer, Chairman, VDMA, confirms, the German market is also very positive about the results of the election.

8