A STEADY UPTICK

Demand for road building equipment is rising. But certain other factors are playing spoilsport

- Molly R

Construction of roads and highways are on-going projects globally, however developed the economy. With cities expanding and new heavy vehicles constantly being rolled in, roads need repairs and building up. The Indian government is working hard at making infrastructure development its prime priority.

“Recently, while unveiling the Indian Construction Equipment Industry Vision Plan 2030 “Building the Nation” through an online platform, Nitin Gadkari, Minister of Road Transport & Highways and MSME, said, “The government of India’s ambitious Rs 111 lakh crore National Infrastructure Pipeline (NIP), which has already been announced and actioned upon, augurs very well for enabling sectors such as the Indian construction equipment (CE) industry. I urge cooperation, coordination and communication with all stakeholders to improve product quality, drive innovation, and make the CE industry globally competitive.”

The minister pledged his commitment to support the interests of the Indian construction equipment industry and commended iCEMA and its members for their efforts in creating an action-oriented plan for growing the CE industry by three times the current size in the next 10 years. He informed that the government is continuously working towards providing world-class infrastructure across the country and urged the CE industry to capture this opportunity. He also stressed on the need for more productivity and cost efficiency to serve the needs of the growing Infrastructure sector.