 "For representation")
Centre will soon come up with a separate, transparent regulatory framework for construction, mining and earth moving equipment sectors.
Ministry of Heavy Industries Secretary Rajan Kotoch today said, "The proposed regulatory framework is required to bring in more clarity as the concerns of construction, mining and earth moving equipment sectors are not adequately addressed as per the current legislation under the Central Motor Vehicles Act."
He was speaking at a seminar at the Make In India Week venue here.
He said Indian earth moving and construction equipment industry has been expanding volumes at a compounded annual rate of 40%.
"The planned increments in highways sector are likely to keep the growth momentum intact in coming years," he added.
Meanwhile, an MoU was signed between Heavy Engineering Corporation (HEC), Ranchi and Cummins India, Pune for manufacture of specialised engines for dozers (bulldozers).
HEC and PromTractor JSC, Russia have agreed to join hands to jointly execute a project for manufacture and assembly of dozers of different capacities for the user industries. These dozers require special, suitable engines and accessories which will be sourced from Cummins India.
Ministry of Heavy Industries Secretary Rajan Kotoch today said, "The proposed regulatory framework is required to bring in more clarity as the concerns of construction, mining and earth moving equipment sectors are not adequately addressed as per the current legislation under the Central Motor Vehicles Act."
He was speaking at a seminar at the Make In India Week venue here.
He said Indian earth moving and construction equipment industry has been expanding volumes at a compounded annual rate of 40%.
"The planned increments in highways sector are likely to keep the growth momentum intact in coming years," he added.
Meanwhile, an MoU was signed between Heavy Engineering Corporation (HEC), Ranchi and Cummins India, Pune for manufacture of specialised engines for dozers (bulldozers).
HEC and PromTractor JSC, Russia have agreed to join hands to jointly execute a project for manufacture and assembly of dozers of different capacities for the user industries. These dozers require special, suitable engines and accessories which will be sourced from Cummins India.
