The government’s infrastructure push — with the recently announced Bharatmala project — means gains for construction companies like JCB, Caterpillar and Tata Hitachi. The firms are eyeing a string of highway contracts to be offered by the government.
The infrastructure sector is a demand and job multiplier, Vipin Sondhi, chief executive officer and managing director of JCB India, said. JCB is a key player in the construction equipment industry.
“There are five sectors — road, rail, irrigation, urban rejuvenation and real estate — that drive business for construction equipment companies. Infrastructure is one of the key drivers,” Sondhi, who also serves as
