In FY17, the Indian Construction Equipment industry grew at a YoY of around 3.45 per cent over the previous year.
Investment in the Industry
Foreign Direct Investment (FDI) received in Construction Development sector comprising townships, housing, built-up infrastructure and Construction development projects from April 2000 to December 2017 stood at US$ 24.67 billion, according to the Department of Industrial Policy and Promotion (DIPP). India has a requirement of investment worth Rs 50 trillion (US$ 777.73 billion) in infrastructure by 2022 to have sustainable development in the country. India is witnessing significant interest from international investors in the construction space though.
![Indian Construction Industry in 2017-2018 Indian Construction Industry in 2017-2018](images/construction.jpg)
Forecast
By FY20, Construction Equipment industry’s revenue is estimated to reach to US$ 5 billion. Revenues increased at a CAGR of 8.38 per cent during the last seven-year period and is further estimated to rise at a CAGR of 2.34 per cent between FY07-20, owed to the rapid infrastructure development, undertaken by the Government of India.