ICEMA: Construction Equipment Industry Key to India's 2047 Vision

ICEMA (Indian Construction Equipment Manufacturers Association) held its annual session on the theme "CE Industry: Transforming India’s Tomorrow – From Vision to Reality, Viksit Bharat 2047" on August 1st, 2024, in New Delhi. The day-long event included discussions and deliberations on the ambitious vision of the government to transform India into a completely developed nation by 2047, wherein the Construction Equipment industry is slated to play a crucial role.

During the event, Chief Guest Shri Nitin Gadkari, Road Transport & Highways Minister, announced that the Ministry of Road Transport and Highways (MoRTH) will award road contracts worth Rs 3 lakh crore within the next three months. He emphasized the crucial role of the Construction Equipment (CE) industry in India's infrastructure development and stated that the Ministry aims to finalize contracts worth ₹5 lakh crore by the end of March 2025, a target that was well received by the captains of the manufacturing companies present.

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