Construction equipment industry to grow in H2 of 2022: JCB India

18 May 2022 CW Team

CEO and Managing Director of JCB India, Deepak Shetty, told the media that the construction equipment business will grow in the second half (H2) of 2022 and will place the industry back to the pre-covid times.

JCB, which recently inaugurated a Rs 1,000 crore facility in Vadodara, and told the media that it would continue to innovate, invest in innovation and alternate fuel.

In 2021, the company launched many new products and planned to launch fuel-efficient machines to reduce the burden of inflationary challenges.

CEO and Managing Director of JCB India, Deepak Shetty, said that in the last five years, the company might have improved fuel efficiency by 25%. The company aims to provide better fuel efficiency and reduce maintenance costs to reduce the overall cost of ownership of the product.

He said that the new facility in Vadodara would provide employment to around 1,200 people, and half of them would be women. JCB has six factories in India, and 34% of its employees in Jaipur are female.

The construction equipment industry has faced challenges, particularly due to the Covid-19 pandemic, as the construction equipment industry declined by 8%.

He said that the company is exporting to over 110 countries from India. In 2021, its exports grew by nearly 300% despite a little slowdown in the market, which the company was able to supply. The company exports products to South Asia, Latin America and Africa. It is exporting from India to the US, Europe and Australia.

Shetty said that JCB LiveLink, an Internet of Things (IoT)-based technology, over 2 lakh machines are connected to it.

Image Source

Also read: UK PM Johnson inaugurates JCB manufacturing unit at Vadodra

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..