Infrastructure Development in India 2023 & Beyond
India’s infrastructure outlook over the next decade presents a bright picture. It is lined with attractive government schemes and a pipeline of major projects - supported by significant funding and financing. For construction equipment manufacturers and developers, India is a major market with a growing need for more sophisticated equipment, and a focus on developing more sustainable structures using greener materials and technologies.
Infrastructure development has been a major focus area for the government so much so that it is slated to be instrumental in meeting the government’s aim to become a $5 trillion economy by 2025. According to the Department of Economic Affairs, GoI, the country needs to inject $4.5 trillion in infrastructure development through 2030 to realise its $5 trillion economy plan by 2025, and to continue growing at a fast pace.
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Published on:
13 July 2022
Published in: NBM&CW July 2022
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