Regulate Import Of Used Equipment: ICEMA

  • By Suparadmin
  • 2018/02/05 18:04:56
Regulate Import Of Used Equipment: ICEMA

ICEMA to submit report on the new Test and Certification Centre by March next The Indian Construction Equipment Manufacturers’ Association (ICEMA) has urged the Centre to regulate the import of second-hand equipment to protect the domestic sector.

Anand Sundaresan Words

Talking to newsmen, ICEMA President Anand Sundaresan said on Wednesday that they expected Chinese firms to dump their used construction equipment into India, following the recent devaluation of Chinese yuan.

“We are not seeking a total ban on import of construction equipment. Some of the mining equipment is very costly. While the multi-national firms import used ones and resell it after reconditioning it, some of the traders sell it just like that. This will hurt our sector. We are urging the Centre to regulate imports either through a single port or through established manufacturers.”

Mentioning that Ministry of Heavy Industries had in-principle agreed to come out with a notification soon in this regard, he said “If we don’t have Construction Equipment, Mining and Material Handling (CMM) Act, any vehicle can be imported. Unfortunately, some of the off-highway vehicles used in the country are not regulated. We want to be proactive before the Centre steps in and comes out with strict rules. We will be submitting our proposal by December 2015.”

“After the 2009-10 economic slow down, the Indian economy bounced back in 2011. At that time, we had carried out a survey that projected 20-21 per cent y-o-y growth. Over the last three years, the growth has remained flat. Last year, the sector clocked a turnover of Rs.18,000 crore. It will be same for 2015. We expect a pick-up in economy in the coming months,” he said.

Leave a Comment

Read Our Blog

Rajnath Singh CAPFs Infrastructure Project dispatches At Rs 1,900 crore
Rajnath Singh CAPFs Infrastructure Proje
Mar 18, 2019

The Union Home Minister Rajnath Singh was dispatches Read more...

Construction Industry Uses World Top 10 Technologies in 2019
Construction Industry Uses World Top 10
Mar 16, 2019

Read more...

3D Printing technology and the construction industry, How the technology transforming the sector
3D Printing technology and the construct
Mar 15, 2019

In 2013 the 3D printing industry was worth $3bn, up from $7bn in 2017 and by 2025 it is expected for over $20bn in world wide. Read more...

Recently ACE Introduced NX series Multi Purpose Crane
Recently ACE Introduced NX series Multi
Mar 14, 2019

Read more...