Road Ahead for CE Industry

28 Oct 2024 CW Team

India’s road network has grown

59 per cent to become the second largest in the world in the last ten years. National highway construction in India increased at 9.3 per cent CAGR between FY16-FY24. With the government’s continued focus on infra-led growth, construction equipment (CE) industry is also witnessing robust demand. In fact, in FY24, the industry witnessed about 26 per cent growth compared to previous year.

Ranjan Sharma, Senior Director – Large Corporate Ratings, CareEdge Ratings, states, “There has been a significant focus of the Union government on infrastructure development in the country, as a result almost all segments like roads, ports, bridges, etc. are doing well. If one looks at performance of the top 18-20 listed EPC companies, their order books have been consistently growing YoY basis. Road construction pace in India in FY24 was one of the highest (i.e. 34 km per day compared to 28 km per day in the previous year), as large number of projects were awarded in the preceding two years. In FY24, the CE industry, which plays pivotal in infrastructure development, grew by 25 per cent (in terms of unit sold) led by earthmoving, material handling, as well as road CE.”

To read the full story Click Here

Real Estate

03 Nov 2025

IGBC Launches Green Building Congress 2025 in Mumbai

The Confederation of Indian Industry’s Indian Green Building Council (IGBC) has announced the 23rd edition of its annual flagship event—Green Building Congress 2025—to be held from 27–29 November 2025 at Jio World Convention Centre, Mumbai. With the theme “Green Shifts for Greener Tomorrows: Do Good, Feel Good – Embrace Green Choices for a Sustainable Future,” the event aims to accelerate India’s Green and Net Zero Building Movement through knowledge exchange and business collaboration. This year’s Congress marks 25 years of IGBC’s pioneering work in advancing India’..

Hettich Reimagines Delhi Experience Centre

Hettich, a global leader in furniture fittings, has unveiled its newly reimagined Delhi Experience Centre, marking a new chapter in its 15-year journey of inspiring interior design experiences in India. Originally launched in 2010 as the country’s first Hettich Experience Centre, the upgraded facility showcases the brand’s complete portfolio of interior solutions — from German furniture fittings and architectural hardware to furniture lighting and built-in kitchen appliances. Designed to offer an immersive and standardised customer journey, the new Centre aims to inspire creati..

Concord Control Systems Acquires Fusion Electronics

Concord Control Systems, a leading manufacturer of embedded and critical electronic systems, has acquired Fusion Electronics Private Limited, signalling its entry into India’s high-value flex printed circuit board (PCB) manufacturing segment. Fusion Electronics, India’s largest flex PCB manufacturer, has an installed capacity of 200,000 sq m annually and a revenue potential of about Rs 200 crore at full capacity. Established in 1994, it operates with EBITDA margins exceeding 20 per cent and serves global clients in luxury automotive, industrial, and electronics sectors. “This a..