Momentum in ECE industry needs to be sustained | Vipin Sondhi
Vipin Sondhi, Managing Director & CEO, JCB India Ltd, in his pre-budget expectations, said that the forthcoming budget needs to have concerted policy efforts for the earthmoving and construction equipment (ECE) industry. ?The importance of infrastructure sector in the overall progress of the economy is critical. The government has given considerable impetus to this sector including in the last two budgets, where significant allocation to this sector was committed. Owing to this focus, the earthmoving and construction equipment industry witnessed a noteworthy revival last year. This momentum needs to be sustained through concerted policy efforts towards an increase in private investment along with continued public expenditure. Apart from Roads and Highways, focus on the key sectors such as Railways, Irrigation, Mining and Real Estate will lead to sustained growth of the infrastructure industry,? he said.