Hoping for Better Future

- Swati Deshpande

How is the construction equipment market faring in India currently?

The construction equipment industry could do better. In the second half of 2016, some road projects were awarded by the government of India. This has given boost to the industry to some extent. Although there is emphasis on the infrastructure development from the government, in reality there is nothing much happening on the front of other infrastructure projects such as ports, metros, railways, etc. Additionally, there is an uncertainty in the mining sector. It has not yet recovered and hence, this uncertainty is hampering our industry as well. Overall, apart from highways, no other sectors seem to be promising, which can be area of concern for us. We hope that the market revives in the near future.