Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

IL&FS saga hits construction equipment sector

Fiinews by Fiinews
February 4, 2019
in Banking & Finance, Economy, Industry Sectors, Investment, Manufacturing
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Garg expects improvement by March

 

Arvind Garg.

The growth of construction equipment sector has been hit by the liquidity crisis created by Non-Banking Finance Companies (NBFCs) with growth halved to 10%, Indian Construction Equipment Manufacturers’ Association president Arvind Garg said on 3 Feb 2019 in Kolkatta.

NBFCs had provided 70-75% financing for the sector, which borrows up to 90-95%.

But the debt default saga by Infrastructure Leasing & Financial Services (IL&FS), its subsidiaries and other NBFCs has hit the sector hard.

Lenders, facing liquidity challenges, have become cautious about lending while the cost of getting finance, if any, has risen by at least 200 basis points.

However, the sector’s stakeholders are working closely to overcome this crisis, according to Garg who expects the funding to ease by March if there is no additional stress or other defaulting NBFCs.

Garg assured that the construction equipment makers are working closely with the NBFCs till confidence builds up. fiinews.com

Tags: Indian Construction Equipment Manufacturers' Association
ShareTweetShare

Related Posts

IVCA
Investment

Invest: India requires $150-$200bn for renewables

by Fiinews
July 10, 2025
0
25

Mumbai to host Renewable Energy Summit 2025 India will require another US$150-US$200 billion investments for renewables over the next five...

Veeda Lifesciences Logo
Investment

Invest: Veeda to leverage Mango AI capabilities

by Fiinews
July 9, 2025
0
12

Dr Misra integrating LLM-GenAI into Querent™ for efficiencies Veeda Lifesciences, a global contract research organization (CRO) from Ahmedabad, is investing...

FICCI

Manufacturing: Framework on Drones by Sep-Oct

July 6, 2025
16
IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
Air Liquide

Manufacturing: Air Liquide builds ASU-CFS

July 5, 2025
13
NITI Aayog

Manufacturing: India’s chemical sector faces challenges

July 5, 2025
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.