Backhoe Loader and Excavator Most Desirable Product Line in Construction Machinery. India’s leading Earthmoving and Construction Equipment Manufacturing Company TATA Hitachi in Excavator and JCB India in Backhoe Loader.
Last three year infra sector slowdown due to unavailability of Funds by Government budget. The Government Raised the budget for Roads and Highways project from Rs.25,360 Cr. in 2012-13 to Rs. 38,000 Cr. in 2014-15 to 97,000 Cr. in 2016-17 to 64,000 Cr. in 2017-18.
Construction Equipment & Commercial Vehicle (CE & CV) Industry is back on Track.
This positive Growth rate in CE & CV industry is driven by Roads & Highways Project. In last Year Government Focus on infra Sector development this growth need to continues, and Depends upon government budget allocation. Government also focus in Railway & metro project, smart city, bullet train, EPC Water Treatment Plant, etc. so over all CE industry Peak time in financial year 2017-2018.
The India Railway has planned to set up the Mumbai to Ahmedabad high Speed bullet train corridor with assist from Japan international Cooperation Agency (JICA), at a cost of 1,10,000 Cr. India’s First Waterway project approves by world bank $375 million Loan on this projects Modern water transport fairway on a 1,360 Km stretch of the Ganga River between Varanasi to seaport Haldia for bring thousand of cargo logistics and transportation.
What is the industry’s / Manufacture outlook for 2017?
The normal creation device market saw a great boom in 2016. With the government giving vast attention to growing physical infrastructure, which incorporates roads and highways, the hobby in the infra space is expected to hold and rise. We expect up to 10-12 consistent percent increase within the coming years.