Infra push, sops for exporters to boost construction equipment sector: JCB India CEO
The government needs to continue with its focus on infrastructure development and come up with some encouraging scheme for exporters to push growth of domestic construction equipment industry which is expected to surpass China to become the second largest market globally by 2030, JCB India CEO and MD Deepak Shetty said on Wednesday.
The Indian construction equipment market in volume terms stands at around 95,000-1 lakh units per annum, while China and the US have annual volumes of around 1.75 lakh units and 2.5 lakh units, respectively.
