India to become global leader in construction equipment manufacturing by 2028

“The construction sector in India currently ranks as the third-largest in the world. The industry by fostering collaborative endeavors among stakeholders, and corporations, and through substantial government support, we have the potential to propel it to the top spot within the next five years,” said Shri Nitin Gadkari, Minister for Road Transport and Highways, Government of India.

He noted it attending as Chief Guest of the inauguration at the 12th edition of CII EXCON 2023, South Asia’s largest construction equipment trade fair organized by the Confederation of Indian Industry (CII) on Tuesday 14. Gadkari said that the construction sector will have a significant contribution to the Prime Minister’s vision to make India a carbon neutral economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects that implement sustainable fuels.

“Construction and mining operations consume 400 crore liters of diesel, which is quite detrimental to the environment and the economy. By embracing alternative fuels such as ethanol, methanol, and hydrogen, the construction and mining sectors can effectively reduce emissions. Precast concrete emerges as a commendable substitute for traditional concrete. We advocate for industry collaboration to bolster the capabilities of construction through the use of sustainable materials and alternative fuels,” Gadkari added.

Chandrajit Banerjee, Director General, Confederation of Indian Industry, in the inaugural session said, “Currently, India’s construction equipment industry is exporting to over 140 countries. To enhance sustainability and efficiency, private players in the construction sector should focus on automation, the adoption of advanced technologies, global best practices, the use of alternative fuels, and innovations in utilizing waste materials as raw materials for construction projects. This approach aims to reduce both the cost of construction and the rate of pollution.”