Expect 40 per cent increase in sales: Nitin Gadkari to the construction equipment industry
PORTS & SHIPPING

Expect 40 per cent increase in sales: Nitin Gadkari to the construction equipment industry

Delivering his inaugural address at CII’s 10th edition of EXCON 2019, one of South Asia’s leading construction equipment trade fair, Nitin Gadkari, Minister for Road Transport & Highways, and Micro, Small and Medium Enterprises, Government of India has said that the Prime Minister’s vision is to make India a $5 trillion economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects worth Rs 100 trillion.

He emphasised that the construction equipment industry could hope to expect a 40 per cent increase in sales in the near future, as the government is pumping huge amounts of investment in road and other infrastructure projects such as the development of waterways, airports, ports, and smart cities. “But the private sector should focus on bringing down the cost of construction and pollution,” he urged.

The minister further advised the private players in the construction industry to focus on mechanisation, adoption of advanced technologies and global best practices, usage of LNG and bio-fuels, and innovations in using waste materials as raw materials for their construction projects in order to reduce the cost of construction and pollution. He also directed attention towards the Centre’s efforts to boost the roads segment.

“For the road sector alone, the Centre is investing Rs 2 trillion this year. The amount of investment for the next year will increase to Rs 3 trillion,” he said, adding that within the next five years, the total government spend on the road infrastructure will be about Rs 17 trillion.

Delivering his inaugural address at CII’s 10th edition of EXCON 2019, one of South Asia’s leading construction equipment trade fair, Nitin Gadkari, Minister for Road Transport & Highways, and Micro, Small and Medium Enterprises, Government of India has said that the Prime Minister’s vision is to make India a $5 trillion economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects worth Rs 100 trillion. He emphasised that the construction equipment industry could hope to expect a 40 per cent increase in sales in the near future, as the government is pumping huge amounts of investment in road and other infrastructure projects such as the development of waterways, airports, ports, and smart cities. “But the private sector should focus on bringing down the cost of construction and pollution,” he urged. The minister further advised the private players in the construction industry to focus on mechanisation, adoption of advanced technologies and global best practices, usage of LNG and bio-fuels, and innovations in using waste materials as raw materials for their construction projects in order to reduce the cost of construction and pollution. He also directed attention towards the Centre’s efforts to boost the roads segment. “For the road sector alone, the Centre is investing Rs 2 trillion this year. The amount of investment for the next year will increase to Rs 3 trillion,” he said, adding that within the next five years, the total government spend on the road infrastructure will be about Rs 17 trillion.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?