New Delhi, May 28 -- India's mining and construction equipment (MCE) sector is projected to grow to USD 45 billion by 2030, according to a comprehensive report released jointly by the Confederation of Indian Industry (CII) and consulting firm Kearney.

The CII-Kearney report outlines several critical policy and structural interventions necessary to achieve the Vision 2030 targets.

These recommendations focus on institutional governance improvements, including the establishment of a single nodal agency to streamline sector oversight and coordination.

The report advocates for the introduction of a Production Linked Incentive (PLI) scheme specifically designed for the MCE sector, similar to successful PLI implementations in other industria...