ENA Sectors 2026-02-25 16:18:10 <p><span style="font-size:14px"><strong>New Delhi, Feb 25 (KNN) </strong>Union Minister for Heavy Industries and Steel H. D. Kumaraswamy on Wednesday highlighted the importance of a resilient financing ecosystem in supporting Indias infrastructure expansion and manufacturing ambitions. </span></p> <p><span style="font-size:14px">Addressing the 6th Annual Construction Equipment Finance Conclave in New Delhi, the Minister underscored the role of structured capital access in strengthening the construction equipment sector.</span></p> <p><span style="font-size:14px">Citing the governments infrastructure push, the Minister said public investment is being channelled toward both physical infrastructure and long-term industrial capability. </span></p> <p><span style="font-size:14px">He pointed to the Union Budget allocation of Rs 12.2 lakh crore for capital expenditure as a structural, multi-year commitment covering highways, railways, logistics corridors, ports, renewable energy and urban infrastructure.</span></p> <p><span style="font-size:14px">Kumaraswamy also referred to the proposed Scheme for Enhancement of Construction &amp; Infrastructure Equipment (CIE), being advanced by the Ministry of Heavy Industries. The initiative is aimed at strengthening domestic manufacturing capacity for high-value and technologically advanced construction equipment, with a view to improving global competitiveness.</span></p> <p><span style="font-size:14px">According to industry estimates cited at the event, the Indian construction equipment market is currently valued at approximately USD 9.5 billion and could more than double by 2030. The sector recorded sales exceeding 1,40,000 units in FY25..</span></p> <p><span style="font-size:14px">The Minister further observed that technological shifts including automation, artificial intelligence-enabled fleet management, predictive maintenance systems, and electric and hybrid equipment are reshaping the sector. </span></p> <p><span style="font-size:14px">He noted that government initiatives such as PM E-DRIVE are supporting the transition toward cleaner and more sustainable industrial practices.</span></p> <p><span style="font-size:14px">Emphasising the broader economic impact, Kumaraswamy said a robust financing framework would have multiplier effects across the value chain, benefiting manufacturers, contractors, MSMEs, logistics operators and infrastructure developers. </span></p> <p><span style="font-size:14px">He concluded by urging stakeholders to collaborate in positioning India as a competitive global hub for construction equipment manufacturing and financing, aligned with the countrys long-term development objectives.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45279 https://knnindia.co.in/news/newsdetails/sectors/kumaraswamy-highlights-need-for-resilient-financing-ecosystem-to-drive-growth 2026-02-25 16:18:10 knnindia.co.in