Mining & CE sector bounces back on infra push
The domestic mining and construction equipment industry (MCE) is on a recovery after a period of sustained contraction for about four years. Industry representatives and analysts pointed out that the MCE sector has started on a growth curve, and the growth appears sustainable after almost six months of uptick in a few equipment categories. ?The industry was facing a slowdown for three-four years due to various reasons. But since the latter part of 2015, we have seen a positive demand trend in the industry. We are on a recovery path now as the industry grew to nearly 40 per cent in the period between January and April 2016 as compared to the same time in 2015,? said Vipin Sondhi, Managing Director & CEO, JCB India Ltd.