India’s mining and construction equipment (MCE) industry is expected to grow at an annual rate of 10–12%, driven by a massive infrastructure investment pipeline and rising demand across key sectors. According to a joint report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG), capital expenditure in mining and construction-related sectors is projected to nearly double, reaching ₹9–10 lakh crore by 2030.
The growth will be fuelled by large-scale investments in highways, metro rail projects, freight corridors, airports, ports, mining activities and clean energy infrastructure. These projects are expected to significantly increase the demand for advanced construction and mining equipment while supporting India’s long-term infrastructure ambitions.
The report also highlights India’s improving position as a global manufacturing and export hub for construction equipment. Equipment exports have grown substantially over the past decade, with the country now exporting more mining and construction equipment than it imports. However, experts emphasise that increasing localisation of critical components and strengthening domestic supply chains will be essential to sustain future growth.
With strong government support for infrastructure development and rising investments across public and private sectors, the industry is well-positioned to play a vital role in India’s economic growth. Continued innovation, localisation and capacity expansion are expected to make the sector more competitive on the global stage while creating significant employment and business opportunities.
