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India鈥檚 construction equipment (CE) industry, currently the third largest in the world, is set to grow at a compound annual growth rate (CAGR) of 12 per cent, reaching $25 billion (bn) by 2030, according to the Indian Construction Equipment Manufacturers Association (ICEMA). With a 26 per cent rise in sales in FY2023-24, reaching 135,650 units, the sector is being propelled by a robust infrastructure pipeline and an ambition to become the world鈥檚 second-largest CE market. With a vision to become the second-largest industry, industry experts weigh in on how automation, technology, and skill development are shaping the sector鈥檚 future.The role of automationAutomation is revolutionising India鈥檚 CE industry, with technologies like telematics and drones playing a transformative role. Rajiv Chaturvedi, Vice President, Hyundai Construction Equipment India, emphasises the benefits of telematics in monitoring machine performance, improving efficiency, and identifying potential issues in real-time. The issue lies not just with the equipment but also with customer awareness and affordability. India鈥檚 price sensitivity makes it challenging to embrace such high-tech solutions, he remarks...To read the full article Click Here