The thrust given in the Budget 2020 on the development of various infrastructure segments in the country will provide some positive push to the infrastructure equipment market in India. The Budget’s focus on the National Infrastructure Pipeline (NIP), setting up of new airports, accelerating the construction of economic corridors, national highways and expressways can generate flow of more construction equipment effective utilisation at these projects. Some of the key proposals in the budget that can drive the demand of infrastructure equipment can be:
Apart from the above, the proposals such as healthcare and hospital infrastructure, developing tourism infrastructure, logistics policy, etc can add to the scope of equipment market. In spite of all these forward-looking proposals, the equipment market can only gain from these proposals once these projects are successfully implemented.