Pursuing policy advocacy to stop illegal exports of Construction Equipment.
Presented preinterim Budget recommendations to Ministry of Finance in January 2024.
Meeting with then Secretary of Finance and Expenditure and Expenditure, Dr T. V. Somanathan to express the CE industry’s concerns regarding GST, CE dumping, and the SARFAESI Act. Recommendation made to DGFT to Safeguard against Unauthorised Exports.
Construction equipment Business
L&T Construction & Mining
Machinery
Larsen & Toubro
The panel actively collaborates with policymakers, financial institutions, and startups to tackle challenges concerning the availability and affordability of finance, as well as to advocate for an enabling taxation and financial regulatory framework. Its objective is to foster a robust financial ecosystem for the construction equipment (CE) industry. Additionally, the panel prepares and submits the Pre-Budget Memorandum to the Ministry of Finance, Government of India, outlining key issues within the CE sector and advocating for necessary policy reforms.
1. To engage with policy makers and financial institutions/ banks to represent issues related to availability and affordability of finance.
2.To make recommendations to the Govt for creating an enabling taxation and financial regulatory regime for CE industry.
3.To work with different players in the financial ecosystem, including new-gen start-ups for exploring and developing innovative financing solutions.
4.To work with start-ups active in MSME financing and supply chain financing and promote the same with member organizations
5.To explore emerging business models such as EaaS, MaaS, platform approach, amongst others, to help industry drive sustained value.
6.To advocate and establish the right ecosystem for growing the rental and leasing industry for CE in India as well as financing used equipment
7.To create an ecosystem to enable green financing in the CE industry
8.To prepare and submit pre-budget memorandum to the Government of India highlighting CE industry issues and advocating key asks
