Following a subdued start to FY2026, Rating agency ICRA projects a turnaround in the Indian mining and construction equipment (MCE) industry in the latter half of the year, driven primarily by renewed government-led capital expenditure.
Chennai (Tamil Nadu) [India], July 4: India's mining and construction equipment sector is poised for significant growth, projected to expand from $16 billion to $45 billion by 2030*. To support this surge, Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck A
Confederation of Indian Industry (CII), in collaboration with Kearney, a global management consulting firm, has come out with a 'Vision Report' for making India a global manufacturing hub in the mining and construction equipment sector.
Indian mining and Construction Equipment (MCE) industry experience muted volume growth of about 3 per cent in first 11 months of FY2025, a notable decline compared to 26 per cent growth in both FY2024 and FY2023.
India's mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 per cent in the next 5-7 years, highlighted ICRA in a report.
New Delhi [India], Sept 10 (ANI): Public administration and education, wholesale and retail trade and services sectors are expected to lead job market growth during October to December, according to the ManpowerGroup Employment Outlook Survey released on Tuesday.