The signs of recovery in 2015 are visible now Mr Neil Woodfin, CNHi Construction Brand Leader, Asia Pacific Region
On current prospects of the CE sector:
The signs of recovery in 2015 are visible now but, the CE industry is still sluggish. The real take off may take place in 2016-17. Major growth is expected in the next 5 years
In road sector. The recent Union Budget announcement to increase the outlay in road sector by Rs.14000 crore to reach perhaps an all-time high of Rs.42,000 crore may help envisage all the demands.
We can say that things will be in high spirits for earthmoving and construction equipment in road infrastructure development such as Motor Graders and Vibratory Compactors.
Future Expectations
The construction equipment market in India will continue to boom with the help of push by government for quality development & infrastructure. For Case anyways India is big market, we look forward to expand our manufacturing capabilities as well as reach.
