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The domestic construction equipment industry is likely to register double-digit growth in the ongoing financial year as the pace of project execution, which has shown some positive momentum, is expected to grow further, ICEMA said on Wednesday. Speaking with reporters here, Indian Construction Equipment Manufacturers' Association (ICEMA) President V Vivekanand said, "Our expectation this year is that we should actually get back to double-digit growth." "But overall, as an industry, I am confident that we will have double-digit growth. Double-digit means at least 10 per cent growth compared to the previous year, which would mean that our 10-billion-dollar industry is likely to be at least 11 billion dollars by next FY26," The Indian construction equipment industry achieved a 3 per cent growth in FY25, with total equipment sales reaching 1,40,191 units compared to 1,35,650 units in FY24. While domestic market growth remained subdued at 2.7 per cent, the industry's overall performance
"When they stop our work, we don't just lose the wages. It's the food on our plates and the little we try to save for our children's future," says Raju Singh, a mason from Bihar. He was one of thousands of migrant and local construction workers rendered jobless following the November 11 ban on constructions, prompted by the Delhi-NCR's air quality plunging to hazardous levels. More such bans are likely to follow throughout the winter. While that is good news for the city's residents, the story is different for these construction workers. "Even though working in the polluted air makes it hard for us to breathe, I would rather work than sit idle," Raju Singh says, describing the crushing blow the restrictions have on his finances. These trysts with work stoppages have become an annual affair for him, and hundreds of others like him. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) -- a statutory body responsible for formulating ...
In a bid to curb rising dust pollution during the winter months, Delhi Environment Minister Gopal Rai on Saturday unveiled a comprehensive 14-point construction guideline as part of the city's 'Winter Action Plan'. The rules aim to tackle dust pollution from the construction sites, which is a major contributor to the city's declining air quality, Rai said. He stated that these guidelines will be strictly enforced starting October 7 adding any violations after this date will lead to penalties with the repeat offenders facing a halt in the construction activities. The rules mandate that all construction sites must be covered with tin sheets to prevent dust from spreading into the surroundings. "People involved in any kind of construction work whether private, government or company-driven must ensure compliance with these rules," Rai emphasised during his press conference. Rai stated that all construction areas must be enclosed with tin sheets, vehicles transporting construction ...
India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed
The first batch of more than 60 workers from India have arrived in Israel under a government-to-government agreement to bolster the country's construction industry facing a huge shortage of trained hands. The G2G mechanism has been worked out to keep away middlemen and to make the process of hiring fair through the screening tests conducted by Israeli examiners, who visited India a few times and coordinated the process with the Indian government agencies. The first batch of Indian construction workers arrived in the country on Tuesday evening. "Today we had a farewell event from the first batch of 60+ Indian construction workers going to Israel under the G2G agreement. This is an outcome of hard work of many, including @NSDCINDIA. I'm sure that the workers become 'ambassadors' of the great P2P relations between India and Israel," Israel's ambassador to India Naor Gilon posted on X on Tuesday. Earlier, a little over 900 construction workers had arrived from India during the last few