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Cabinet approves National Green Hydrogen Mission

The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs 197.44 billion including an outlay of Rs174.90 billion for the SIGHT programme Rs 14.66 billion for pilot projects Rs 4 billion for R&D and Rs 3.88 billion towards other Mission components.

Rural infra, healthcare to drive demand for CE

The construction equipment industry sees two emerging categories鈥攊nfrastructure development in rural India and the creation of a strong healthcare system鈥攁s growth drivers in the coming years, even as the industry sees green shoots with the revival of infrastructure projects.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

Road Equipment: Road to Recovery

The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

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