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“As one of the most experienced companies in this segment, TILhas consistently focused on introducing the most contemporary globaltechnologies to the Indian business scenario, and backing it up with a”diligent service and support infrastructure.Chairman’s MessageA MazumdarChairmanThe financial year 2008-09 has beenextremely difficult one for economiesworldwide and the impact howevercontrolled, was felt even here in India.India’s GDP growth came down from theaverage of 9 per cent during the previous3 years to under 7 per cent during the first3 quarters of 2008-09. The infrastructureindustry in particular, was impactedbecause of the freeze on fresh capitalinfusion into projects of a large size, giventhe contracted liquidity situation.However, the outlook is decidedly positive.The Indian construction equipment industryat US$ 2.3 billion, is a fraction of the globalmarket, whose size is over US$ 75 billion.However, it has been growing at a freneticpace of 30 per cent, in sharp contrast tothe world average of 5 per cent. Today,India is one among the top 10 markets forconstruction equipment and is one of thekey international markets. The Governmentof India’s focus on infrastructuredevelopment is the single biggest driverfor the construction, mining and materialhandling equipment industry.For organisations in the business ofproviding technology intensive capitalequipment that would require deploymentin our infrastructure sectors, theopportunities are as enormous as theyare challenging. The performance of ourinfrastructure sectors, their requiredoutput in qualitative and quantitativeterms, will in turn depend in largemeasure on the performance of equipment