It is reported that from 2004 onwards, India’s demand for construction machinery will increase significantly. In the next five years, the increase will be even stronger. This is the best time for the Chinese construction machinery industry to explore the Indian market. At present, India purchases more products from the United States and Japan. China Construction Machinery has certain advantages in terms of cost performance. If after-sales service and spare parts supply are strengthened, it is entirely possible to further open the Indian market. On the other hand, China's construction machinery industry can timely understand key infrastructure projects in India, master the information, and target the Indian market.
In recent years, India’s construction machinery and equipment sales have been between 1.5 billion and 2 billion US dollars, and the annual growth rate is 20% to 30%. At present, the use rate of commercial concrete in India is less than 1%, and the use volume in the next five years will increase at a rate of 30%, so the market potential of concrete conveying equipment is large. 80% of the concrete conveying equipment market is concentrated in the western and southern regions, and the competition is fierce, with low-end products (about 70%), but the demand for high-end products has increased.
The Indian government regards the infrastructure as one of the key points for economic development. It only costs about 12 billion U.S. dollars for the National Highway "dream project." In the next five to eight years, besides national road construction, state-level roads will invest US$1.1 billion each year. The market for road construction equipment is vast, and the demand for cranes, elevators, material handling equipment, and heavy-duty transportation tools will increase. At present, the crane market capacity is about 100 million U.S. dollars, and the material transport equipment market capacity is about 300 million U.S. dollars.
On March 5th, the Indian cabinet approved a $7.5 billion plan to build 10,000 kilometers of highways in mountainous and underdeveloped areas in northern India. The plan will be carried out in two phases, spanning seven northern provinces, and the highway mileage will be 10,396 kilometers. The Minister of Highways of India declared that the plan also includes the expansion of highways in 16 provinces, with 40% of the total investment coming from the government and the rest from private companies.
In the next five years, India will need over 200 billion U.S. dollars for infrastructure construction, covering infrastructure such as electricity, communications, ports, highways, railways, and oil. It is understood that India has a road network of more than 2 million kilometers and only 2% of national roads. The construction of a gold quadrilateral highway network and a rail network that connects India, New Delhi, Calcutta, Chennai, and Mumbai, which India is implementing, has now received preferential loans from international organizations such as the World Bank and the Asian Development Bank. In the next few years, India will invest 30 billion U.S. dollars in the construction of 12 highways, 3.2 billion U.S. dollars in railway reconstruction, and 2 billion U.S. dollars in the construction of ports.
In recent years, India’s construction machinery and equipment sales have been between 1.5 billion and 2 billion US dollars, and the annual growth rate is 20% to 30%. At present, the use rate of commercial concrete in India is less than 1%, and the use volume in the next five years will increase at a rate of 30%, so the market potential of concrete conveying equipment is large. 80% of the concrete conveying equipment market is concentrated in the western and southern regions, and the competition is fierce, with low-end products (about 70%), but the demand for high-end products has increased.
The Indian government regards the infrastructure as one of the key points for economic development. It only costs about 12 billion U.S. dollars for the National Highway "dream project." In the next five to eight years, besides national road construction, state-level roads will invest US$1.1 billion each year. The market for road construction equipment is vast, and the demand for cranes, elevators, material handling equipment, and heavy-duty transportation tools will increase. At present, the crane market capacity is about 100 million U.S. dollars, and the material transport equipment market capacity is about 300 million U.S. dollars.
On March 5th, the Indian cabinet approved a $7.5 billion plan to build 10,000 kilometers of highways in mountainous and underdeveloped areas in northern India. The plan will be carried out in two phases, spanning seven northern provinces, and the highway mileage will be 10,396 kilometers. The Minister of Highways of India declared that the plan also includes the expansion of highways in 16 provinces, with 40% of the total investment coming from the government and the rest from private companies.
In the next five years, India will need over 200 billion U.S. dollars for infrastructure construction, covering infrastructure such as electricity, communications, ports, highways, railways, and oil. It is understood that India has a road network of more than 2 million kilometers and only 2% of national roads. The construction of a gold quadrilateral highway network and a rail network that connects India, New Delhi, Calcutta, Chennai, and Mumbai, which India is implementing, has now received preferential loans from international organizations such as the World Bank and the Asian Development Bank. In the next few years, India will invest 30 billion U.S. dollars in the construction of 12 highways, 3.2 billion U.S. dollars in railway reconstruction, and 2 billion U.S. dollars in the construction of ports.
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