Union Minister Nitin Gadkari said that the government?s steps to clear bottlenecks for bolstering infrastructure development have paved the way for unprecedented growth in the construction equipment industry to over $15 billion by 2020. Speaking at the inaugural function of Excon 2015 in Bengaluru, he said that given the fast pace of development works in the infrastructure space, there is much optimism in the domestic construction industry.

Indian Construction Equipment Manufacturers? Association (ICEMA) has projected the industry to grow to $5 billion by 2019-20 from the present level of $2.8 billion.