New Delhi: The CE Finance Conclave placed strong emphasis on building a resilient financing ecosystem to support India’s expanding infrastructure and manufacturing ambitions.
Union Minister for Heavy Industries and Steel H. D. Kumaraswamy addressed the sixth annual industry gathering in the national capital. He underlined the importance of strengthening financial architecture to accelerate growth in the construction equipment sector.
Referring to the conclave’s theme, the Minister said it aligned closely with India’s economic trajectory. He noted that India has emerged as the world’s fourth-largest economy and is moving steadily toward becoming the third-largest in the coming years. Therefore, sustained capital investment and infrastructure expansion remain central to this growth path.
Kumaraswamy highlighted the Centre’s infrastructure push under Prime Minister Narendra Modi’s leadership. He stated that the government is building long-term industrial capacity alongside physical infrastructure. According to him, large-scale investments in highways, railways, logistics corridors, renewable energy and urban expansion will strengthen the economic foundation.
CE Finance Conclave backs capex-driven expansion
The Minister pointed to the Union Budget 2026–27 allocation of ₹12.2 lakh crore for public capital expenditure. He described it as a structural and multi-year push that will benefit the construction equipment ecosystem.
In addition, he spoke about the proposed Scheme for Enhancement of Construction and Infrastructure Equipment. The Ministry of Heavy Industries is steering the initiative to strengthen domestic manufacturing of advanced and high-value equipment. Consequently, Indian manufacturers will gain the confidence to scale operations and compete globally.
Industry estimates place the Indian construction equipment market at nearly $9.5 billion. The sector recorded sales of more than 1.40 lakh units in FY25. Moreover, stakeholders aim to transform it into a $25-billion market by 2030.
Kumaraswamy also highlighted the role of emerging technologies. Automation, AI-enabled fleet management, predictive maintenance and electric equipment are redefining operational efficiency. At the same time, government initiatives are encouraging cleaner and more sustainable growth.
He stressed that a resilient financing ecosystem will create multiplier effects across manufacturers, MSMEs and contractors. In conclusion, he urged stakeholders to work collectively to position India as a global hub for construction equipment manufacturing and financing.
