Mining Gear Sector May Touch Rs 3.75 Trillion by 2030

28 May 2025 CW Team

India’s mining and construction equipment (MCE) sector, currently valued at Rs 1.33 trillion ($16 billion), is projected to grow at a compound annual rate of 19 per cent, reaching Rs 3.75 trillion ($45 billion) by 2030, as per the Confederation of Indian Industry (CII) and Kearney report.

The CII-Kearney Vision Report positions India as a future global hub in the MCE sector. With a global market of Rs 1,50,00,000 billion ($18 trillion), the MCE sector supports infrastructure, energy, and industrial growth worldwide, contributing 16 per cent to global gross domestic product.

India’s own MCE industry contributes 22 per cent to GDP, supports over seventy million jobs, and has grown at 12 per cent annually over the past five years—faster than the United States, Germany, and Japan. It now ranks just behind China in scale and output.

By FY30, the MCE sector is expected to add over Rs 8.3 trillion ($100 billion) to India’s economy and create twenty million jobs. To achieve this, the report recommends key measures including a nodal agency, targeted Production Linked Incentive schemes, tax reforms, technology adoption, and export facilitation through free trade agreements.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..