What is the present size and growth rate of construction and engineering equipment market in India?
The construction equipment market in India has grown considerably in the last few years and continues to do so. The Indian construction equipment market is projected to cross $4.7 billion by 2025, on account of anticipated growth in the construction industry, increasing foreign investments, and rising number of smart city projects in the country.
A report suggests that creation of new and upgrading of existing infrastructure projects with ₹111 trillion of investment will be key to raising India’s competitiveness and making it a ₹5-trillion economy by 2025.
The government, post lockdown, has announced more projects and initiatives to alleviate the delay in the commencement of road projects. All these factors will contribute to the growth of the market in the near future.
With the government focusing the vision of ‘Atmanirbhar Bharat’ how do you think it would catapult growth for construction and engineering equipment market?
Diese Geschichte stammt aus der September 2020-Ausgabe von Steel Insights.
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Diese Geschichte stammt aus der September 2020-Ausgabe von Steel Insights.
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