Growth of Construction Equipment Industry in India - Infographic

India stood 10th worldwide with respect to overall quality infrastructure environment in the country.

Advantage India

Robust
Demand

* India has to enhance its infrastructure to reach its 2025 economic growth target of US$ 5 trillion.

* India's population growth and economic development requires improved transport infrastructure, including through investments in roads, railways, and aviation, shipping and inland waterways.

Attractive
Opportunities

* Development of infrastructure has a multiplier effect on demand and efficiency of transport and increases commercial and entrepreneurship opportunities.

* In June 2022, Minister of Road Transport and Highways, opened 15 national highway projects worth Rs. 13,585 crore (US$1.7 billion) in Patna and Hajipur, Bihar.

* In October 2021, Dubai government and India signed a contract in October 2021 to build infrastructure in Jammu and Kashmir, including industrial parks, IT towers, multipurpose towers, logistics centres, medical colleges, and specialized hospitals.

Policy
support

* Budget 2023-24 is complemented with continuation of the 50-year interest free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions, with a significantly enhanced outlay of Rs. 1.3 lakh crore (US$ 16 billion).

* Under the National Infrastructure Pipeline (NIP), projects worth Rs. 108 trillion (US$ 1.3 trillion) are currently at different stages of implementation

* In November 2022, National Investment and Infrastructure Fund (NIIF) is set up as a collaborative investment platform between Government of India, global investors, multilateral development banks (MDB) and domestic financial institutions to facilitate investment across multiple sectors in India through an India Japan Fund.

Increasing
Investments

* Under Budget 2023-24, capital investment outlay for infrastructure is being increased by 33% to Rs.10 lakh crore (US$ 122 billion), which would be 3.3% of GDP and almost three times the outlay in 2019-20.

* Under Budget 2023-24, Infrastructure Finance Secretariat is being established to enhance opportunities for private investment in infrastructure that will assist all stakeholders for more private investment in infrastructure, including railways, roads, urban infrastructure, and power.

Last updated: Apr, 2023

Posters

MORE
Infrastructure Sector India

Infrastructure Sector India

India has the third largest road network in the world spanning over 3.3 million km.

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Sustainable Circular Economy in India

Sustainable Circular Economy in India

A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks ...

Future of Data Science and AI in India

Future of Data Science and AI in India

Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level co...

Service Sector Contribution to India's GDP

Service Sector Contribution to India's GDP

India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. ...

IBEF BLOG

MORE
Foreign Trade Policy: A future-ready initiative
1 Jun 2023

Foreign Trade Policy: A future-ready initiative

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public ...

The Electric Two-Wheelers Vehicle Industry in India
1 Jun 2023

The Electric Two-Wheelers Vehicle Industry in India

The Electric Vehicle (EV) market in India is quickly evolving into a comple...

The Sky’s the Limit: India's Growing Aviation Industry
23 May 2023

The Sky’s the Limit: India's Growing Aviation Industry

The Sky’s the Limit: India's Growing Aviation Industry India is t...

Partners
Loading...