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Excon
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Investments in Infrastructure is key to India's sustained Growth and this has been the guiding principle behind all policy initiatives / interventions by the Government of India. The Planning Commission foresees India's Infrastructure spending to be in the range of US $ 1 Trillion for the 12th plan ( 2012-17). Infrastructure investments are among the main growth drivers of the construction equipment industry. The Planning Commission of India estimates total infrastructure spending of about US$ 428 billion during the 11thFive Year Plan (2007-12) and foresee to double India's infrastructure investments to about US$ 1 trillion for the 12th Plan (2012-17). The Government of India has granted sops, including a large number of special economic zones (SEZs), to the capital goods industry of which construction equipment is a part; especially with an impetus to increase exports.