Indian equipment rental association formed

Written by Murray Pollok - 22 Sep 2008

Rajiv Sethi, managing director of Gemini Equipment and Rentals in India.

Rajiv Sethi, managing director of Gemini Equipment and Rentals in India.

Six rental companies in India met on 5 September in Bombay to create the first Indian Rental Association. The six were Gemini Equipment and Rentals, Quipo, Gemmco, TIL, Gremach and Jindal Earthmovers.

Rajiv Sethi, managing director and founder of Gemini, and the chairperson of the association, told IRN; "Rental is not really publicised in the country. We want to become accepted as an industry, and to have a common set of rules and benefits both for customers and rental companies. We will have a heavy emphasis on safety issues and the environment."

The six inaugural members include a number of independent renters such as Quipo, Gremach and Gemini and Caterpillar dealers Gemmco and TIL.

Rental in the country is still at a very early stage of development, but there is evidence that they are starting to expand. Gemini, for example, has been renting Hek mast climbing work platforms for 15 years, but in the last year an a half has invested in light construction equipment including concreting tools, pumps, road building machines, earthmoving units and aerials platforms.

Comments (12)

  • association of rental equipments alone cannot depent on business, occompaniying construction,industries,& also associating members from CII.

    AshokkumarM at 12:46 on 24.09.2008

  • This is a landmark first foot forward in India.Over a period of time this will help in evolving the image of rental business as an established industry in India with a set of commonly accepted norms for the business.This will develop customer perception towards this business and generate healthy competion to benifit customer and industry both.

    Nurullah,Quippo Infrastructure Equipment Ltd.,Patna at 05:45 on 26.09.2008

  • Congratulations to you from Skyjack Asia Pacific Office in Singapore. If we can assist in any way to promote or enhance the rental industry please do let us know

    Tom Sommerville,

    Skyjack Asia Pacific Office

    Singapore

    Tom Sommerville at 12:39 on 26.09.2008

  • Congratulations!

    It is a real significant event which means the business model in India is on the way to well adapt to the considerate demanding and real market features.

    In China the rental field is also in its very initial stage, no big rental companies and without effective union.

    Indian equipment rental association gives our industry some hints.

    Hunan Sinoboom Heavy Industry Co.,Ltd.

    Changsha, Hunan

    China

    Joanna, Sinoboom aerial work platform at 22:57 on 27.09.2008

  • This, I would like to believe, is the tip of the iceberg

    Wilfred Fernandes, Rapid Access - Dubai at 11:25 on 30.09.2008

  • Congratulations, Manitou India would be keen to work with you to provide the industry the access to world best technology available with MANITOU BF, FRANCE.

    Ajay Mandhar at 08:04 on 03.10.2008

  • This signifcant step will help consolidate the thinking pattern of the major players in this Industry and go long way in giving emergence to the Indian Equipment Rental business at par with other US and European Rental Markets.

    Nitin Gupta ( Sr Mgr Quality, Quippo) at 04:30 on 05.10.2008

  • I'm trying to create a point-of-view on the rental business for construction equipment in India for Accenture. I'd like to reach out to one of you. If interested could you please drop me a mail at nikhil_sethi@yahoo.com and I'll get back to you.

    Thanks

    Nikhil Sethi

    Nikhil at 07:29 on 10.10.2008

  • This is really good concept i have also good idea about this

    business to enhance rental market in india.kindly mail

    mahendraavhad@gmail.com

    MAHENDRA ASSOCIATES at 06:18 on 13.10.2008

  • Congratulations on the new association, it is the way forward.

    Roger Verallo. MD Euro Towers, Vice Chairman PASMA Association at 16:40 on 29.10.2008

  • I am waiting for this.This is really a very very good concept.Thanks to Rajiv Sethi of GEAR

    I am also in equipment rental business

    J.K.Aggarwal

    Aggcon Equipments International (P) Ltd.

    solutions@airtelmail.in

    J.K. Aggarwal at 06:00 on 08.11.2008

  • PL inform how do we become the member of this association and whom do we contact for details.

    Regards

    Juzar (jfk@vanjax.com)

    JUZAR VANAK at 11:36 on 15.11.2008

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