Page 22 - Construction_Opportunities_January_2025

INTERACTION COVER STORY

At Volvo Construction Equipment, our focus is on

building India-centric products & solutions

Volvo CE plays a pivotal role in supporting infrastructure development projects, providing advanced and
reliable machinery tailored to the unique demands of the Indian market. The company’s compactors
and excavators manufactured in its plant in India are exported to places like the Middle East, Africa,
Southeast Asia, and Latin America.
In an exclusive interview to CONSTRUCTION OPPORTUNITIES, DIMITROV KRISHNAN, MANAGING DIRECTOR,
VOLVO CE INDIA PVT LTD, gives an overview on the Make in India initiative, cutting edge technologies
featured in his company’s machines, future technology trends and a lot more.

We recently celebrated the successful completion of a decade of
‘Make In India’ movement. How, according to you, has the “Make in
India” initiative impacted the growth of the construction equipment
industry in India?
The “Make in India” program has definitely hastened the growth of
the Indian Construction Equipment Industry by increasing local
manufacturing and lowering imports. This move has attracted not only
local companies but also foreign companies to set up their plants here,
which further brought in new technology and encouraged innovation.
On the other hand, this infrastructure investment in roads, railways,
airports, and urban development created an increased demand for
construction equipment. India is concentrating on self-sufficiency and
building infrastructure, which has helped the local supply chain to a
great extent, and is making India a huge player in the global scenario.
By 2035, it is expected that India will be the larger construction
equipment market in the world.

Are there any key challenges faced by the construction equipment
sector under the “Make in India” initiative? How did you overcome
them?
Under the “Make in India” initiative, one of the most significant issues the

22 CONSTRUCTION OPPORTUNITIES|JANUARY 2025