India's construction equipment exports to surpass 20,000 units in FY27, driven by global demand
Indian construction equipment exports are set to surpass twenty thousand units this fiscal year. This growth represents a nineteen percent increase from fiscal year twenty twenty-six projections. Demand is strong from Europe, the United States, and Australia. New emission norms and trade agreements are boosting these international sales. This trend highlights India's growing manufacturing…
New Delhi: India's construction equipment exports are expected to surpass 20,000 units this financial year, marking a 19% increase from the previous fiscal year and over 70% growth over the past three years, according to the Indian Construction Equipment Manufacturers Association (ICEMA). The surge in exports is attributed to three key structural tailwinds, with ICEMA president Deepak Shetty highlighting the country's adoption of Stage V emission norms for construction equipment in the previous fiscal year, which opened up export opportunities to developed markets.
Additionally, tariff concessions under recently signed free trade agreements have shifted demand from South Asian Association for Regional Cooperation (Saarc) countries like Nepal, Sri Lanka, and Bangladesh towards more developed markets such as Europe, the US, Australia, and Southeast Asia.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
