“The importance of the Infrastructure sector in the overall progress of the economy is critical. The Government has given considerable impetus to this sector including in the last two budgets, where significant allocation to this sector was committed. Owing to this focus, the earthmoving and construction equipment industry witnessed a noteworthy revival last year.
This momentum needs to be sustained through concerted policy efforts towards an increase in private investment along with continued public expenditure.
Apart from Roads and Highways, focus on the key sectors such as Railways, Irrigation, Mining and Real Estate will lead to sustained growth of the infrastructure industry.”