New Delhi, May 26 -- India is poised to unlock a USD 45 billion opportunity in mining and construction equipment sector by 2030, according to a joint report by CII-Kearney.

Confederation of Indian Industry (CII), in collaboration with Kearney, a global management consulting firm, has come out with a 'Vision Report' for making India a global manufacturing hub in the mining and construction equipment sector.

The report presents a bold Vision 2030 to position India as a global leader in India's mining and construction equipment (MCE) sector and outlines an action plan.

Currently valued at USD 16 billion, the sector is projected to grow at a 19 per cent Compound Annual Growth Rate (CAGR), unlocking a USD 45 billion opportunity by 2030, the...