Government infra projects to boost CE business
In overall construction market, government vertical is the leading revenue generating segment; led by various public infrastructure projects. Although, during 2012-14, construction market in India registered sluggish growth owing to low confidence amongst investors resulting in delay in construction projects coupled with clearance issues and land acquisition delays, thus affecting overall demand for construction equipment.
On the contrary, early 2015 period posted positive growth in construction market, which created the demand for these equipment.