Focus on localisation

By admin June 17, 2013 8:55 am IST

“In the last 2 years, we haven’t seen improvements in many policies around infrastructure, land acquisition, and environment clearance”
– Manojit Acharya, Executive Director, Demag Cranes and Components (I) Pvt. Ltd.
Focus on localisation
The crane industry is very much fragmented. Practically all companies, with a couple of exceptions, are family owned. By revenue, about 70 per cent of the market is held by the top 10 manufacturers. Demag Cranes and Components (I) is a part of material handling segment, specifically electrical overhead travelling cranes (EOT cranes) or gantry cranes. Demag is the first professionally managed, multinational crane manufacturer to start operations in India and one of the leading crane manufacturers in India.

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