Construction equipment industry has a vital role to play in nation building said Shri Nitin Gadkari, Minister of Road Transport and Highways (MoRTH), while addressing the Annual Session 2021 of Indian Construction Equipment Manufacturer’s Association, an associate body of CII. Emphasizing that the Government was on track in rolling out the National Infrastructure Pipeline, he further added that “The Government is investing USD 1.4 trillion that is INR 111 lakh crores on world-class infrastructure development through the NIP. Our focus is on time-bound, qualitative, cost-effective and sustainable infrastructure development in the country. I am confident that the Construction Equipment sector in India would contribute significantly towards development of India’s growth story”,
While appreciating the industry’s proactive efforts in releasing its Vision Plan 2030, he assured the CE industry of the Government’s support by creating an enabling policy environment. “This can serve as a very good guiding light for achieving our Infrastructure Vision. The Government is well aligned with the CE Vision Plan 2030.”, said the Minister. He was particularly appreciative of the Vision Plan’s focus on developing alternate fuels and invited ICEMA to discuss the possible alternates with the Government after internal deliberations, technological research and green fuel-use economics. Assuring the industry that roads worth INR 50 lakh crores will be built over the next three years, he urged the CE Industry to focus on R&D to find viable and sustainable solutions.
Urging the members present to make a collective effort towards improvement, Shri Gadkari invited them to share progressive recommendations and suggestions on how the government and the CE industry could work together to create an enabling policy framework and nurture the right ecosystem for the sector to grow and flourish. Shri Sandeep Singh Outgoing President, ICEMA and Managing Director, Tata Hitachi Construction Machinery Pvt Ltd thanked Shri Nitin Gadkari for his visionary leadership and reassurance to the CE Industry of the government’s continued support.
Mr Dimitrov Krishnan, newly elected President, ICEMA and Managing Director, Volvo CE India Pvt Ltd reassured the minister that the CE industry was committed to supporting the Government in achieving the Prime Minister’s vision of making India a USD 5 trillion economy through the implementation of its Vision Plan 2030.
The Minster for RT and Highways said that the Government was working towards strengthening MSME’s to help develop in-house ancillary industry and reduce import dependence. The Minister was confident that digitalization and automation in construction equipment would also increase their efficiency and control capability.
Saying that he was aware of the industry’s worry about the increasing key raw material prices, Shri Gadkari said that the roll-out of scrappage policy will make huge amounts of scrap and re-use in automobile and construction equipment industry. He also urged the CE industry to find alternatives to steel and reduce its usage as a way of dealing with spiraling raw material prices.
Alluding to the significant requirement of skilled operators to operate advanced CE equipment and machineries, the Minister offered the industry “support in designing a structure for skill-based training for the CE Industry, as this sector offers a huge employment potential”.