CE sector grows 30 per cent during Aug-Sep
The construction equipment (CE) sector saw a growth of 25-30 per cent during the August-September period this year, according to the CII Excon 2017 member Anand Sundaresan. The industry players are expecting similar performance for the rest of fiscal 2018, according to him. In the fiscal 2017, about 68,000 equipment were sold. The growth has been witnessed despite GST on construction equipment remaining at the highest bracket of 28 per cent. Despite some challenges initially, the August and September numbers show that GST has been positive for the industry, he said.