Page 10 - Construction_Opportunities_January_2025

COVER STORY

f o r t h e WO R L D
for the WORLD

Rising component localization might offer approximately `25,000 crore
annual opportunity to construction equipment vendors by FY2030,
stated a report by ICRA. Overall, localization levels are expected to
report a jump from 50 to over 70% in the next 5-7 years. These stats
are a strong indication of the burgeoning ‘Make in India’ wave that the
country has been experiencing since the past few years. While global
construction equipment manufacturers have already taken the lead in
this regard, the sky is the limit when it comes to localization for such a
dynamic Indian market where customers’ preferences are driving greater
innovations in the machines which are not only high on performance but
are also getting eco-friendly every passing day……. writes,
PRERNA SHARMA.

10 CONSTRUCTION OPPORTUNITIES|JANUARY 2025