In recent years, sales of construction machinery and equipment in India have ranged from $1.5 billion to $2 billion, with an annual growth rate of 20% to 30%. Industry insiders suggest that China's construction machinery industry should seize the opportunity to open up the Indian market.
< FONT face = Verdana > The Indian government regards infrastructure as one of the priorities of economic development. In the next five years, India will need more than $200 billion for infrastructure construction, covering infrastructure areas such as electricity, communications, ports, roads, railways and oil. It is understood that the national highway accounts for only about 2% of India's highway network of more than 2 million kilometers. The Golden Quadrilateral Highway and Railway Network connecting New Delhi, Calcutta, Chennai and Mumbai, which is being implemented in India, has received preferential loans from the World Bank, the Asian Development Bank and other international organizations. In the next few years, India will invest $30 billion to build 12 highways, $3.2 billion to rebuild railways and $2 billion to build ports. Therefore, the local road construction equipment market is vast, and the demand for cranes, elevators, material handling equipment and heavy-duty transport tools will increase to a certain extent. At present, India's crane market capacity is about 100 million US dollars, and the market capacity of material handling equipment is about 300 million US dollars.
< FONT face = Verdana > At present, the utilization rate of commercial concrete in India is less than 1%, and the use rate will increase by 30% in the next five years, so the market potential of concrete conveying equipment is great. 80% of the concrete conveying equipment market is concentrated in the western and southern regions of India, with fierce competition, mainly low-end products (about 70%), but the demand for high-end products has increased.
< FONT face = Verdana > At present, most of the construction machinery purchased by India are American and Japanese products. Compared with European and American products, China's construction machinery has certain advantages in cost performance, if we strengthen after-sales service and spare parts supply, we can further open up the Indian market. China's construction machinery industry should keep abreast of India's key infrastructure projects, grasp information and enter the Indian market with a definite aim.
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