New Delhi, June 2 -- The Indian construction equipment industry is poised for growth in 2025, with stakeholders expecting a surge in demand due to the forecast of 'above normal' rainfall and the government's continued focus on infrastructure development.
Deepak Shetty, President-designate of the Indian Construction Equipment Manufacturers' Association (ICEMA) and CEO & MD of JCB India, expressed optimism about the sector's outlook, reported ET.
"The India Meteorological Department's forecast of above-normal rainfall is expected to boost the rural market, where most of our machines operate," said Shetty in a recent interaction.
He added that with the government's emphasis on infrastructure, the sector could witness double-digit growth t...
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