The Prime Minister recently announced the launch of the National Master Plan ‘Gati Shakti’. This scheme of over INR 100 lakh crores is focused on holistic and integrated infrastructure development. This is a significant step of the Government towards achieving the vision of making India a USD 5 trillion economy by 2025. Increased investment in infrastructure would create demand and make growth sustainable, equitable, and inclusive. In addition, comprehensive strategy has been adopted for development of roads with 100% FDI being allowed in the road sector. Given that roads and other infrastructure are major user segments of construction equipment, this move is expected to augur well for the Indian CE industry.
