**Executive Summary**
The document summarizes Union Minister H. D. Kumaraswamy's address at the 6th Annual Construction Equipment Finance Conclave on February 25, 2026. The address emphasizes the importance of a resilient financing ecosystem for the construction equipment (CE) sector to support India's infrastructure and manufacturing ambitions. The minister reaffirms the government's commitment with the Union Budget 2026-27 and calls for collective action to position India as a global hub for CE manufacturing and financing, aligned with the national development vision.
**Key Points / Main Content**
* **Government Vision and Commitment:**
* Under Prime Minister Modi's leadership, the government is committed to strengthening the construction equipment financing framework.
* The Union Budget 2026-27 reaffirms this commitment with a ₹12.2 lakh crore public capital expenditure allocation.
* **Strategic Measures to Boost the CE Ecosystem:**
* The Ministry of Heavy Industries is actively strengthening the CE ecosystem through targeted policy interventions and incentive frameworks.
* The proposed Scheme for Enhancement of Construction & Infrastructure Equipment (CIE) aims to strengthen domestic manufacturing of high-value and technologically advanced equipment.
* **CE Sector Growth and Potential:**
* The Indian Construction Equipment market is currently valued at $9.5 billion and is projected to more than double by 2030.
* The sector recorded sales of over 1,40,000 units in FY25 and aims to evolve into a $25-billion market by the end of the decade.
* **Technological Transformation:**
* Emerging technologies like automation, AI-enabled fleet management, predictive maintenance, and electric/hybrid equipment are redefining operational efficiency.
* Government initiatives such as PM E-DRIVE are accelerating the transition to cleaner and more sustainable industrial growth.
**Impact Analysis**
**Stakeholder: Construction Equipment Manufacturers**
* **Impact:** Enhanced access to financing and government support to strengthen domestic manufacturing, scale with confidence, innovate, and compete globally.
* **Action Required:** Leverage government initiatives and invest in advanced technologies to improve operational efficiency and product offerings.
**Stakeholder: Contractors, MSMEs, Logistics Operators, Infrastructure Developers**
* **Impact:** Improved access to affordable financing for construction equipment, empowering them to undertake and execute projects more efficiently.
* **Action Required:** Explore available financing options and adopt innovative technologies to optimize construction operations.
**Stakeholder: Ministry of Heavy Industries**
* **Impact:** Plays a proactive role in strengthening the CE ecosystem through strategic policy interventions and incentive frameworks.
* **Action Required:** Continue to develop and implement policies that support the growth and development of the CE sector, including the proposed Scheme for Enhancement of Construction & Infrastructure Equipment (CIE).
Key Entities Referenced
Union Budget 2026-27: Referenced for its public capital expenditure allocation of ₹12.2 lakh crore, which underscores the government's commitment to infrastructure development.
Ministry of Heavy Industries: The ministry steering the Scheme for Enhancement of Construction & Infrastructure Equipment and strengthening the construction equipment ecosystem.
Scheme for Enhancement of Construction & Infrastructure Equipment (CIE): A proposed scheme aimed at strengthening domestic manufacturing of high-value and technologically advanced construction and infrastructure equipment.
CE Finance Conclave: The 6th Annual Construction Equipment Finance Conclave where resilient financing architecture was discussed.
HD Kumaraswamy: Union Minister for Heavy Industries and Steel who highlighted the importance of resilient financing.
Ministry of Heavy Industries
HD Kumaraswamy Highlights Resilient Financing
Ecosystem at CE Finance Conclave
Under PM Modi’s Vision, India Strengthens Construction
Equipment Financing Framework
India’s Capex Push to Propel CE Sector Towards Global
Leadership: HD Kumaraswamy
CE Finance Conclave Focuses on Building Domestic Strength
for Global Reach
Government Unveils Strategic Measures to Boost
Construction Equipment Ecosystem
Posted On: 25 FEB 2026 12:27PM by PIB Delhi
Union Minister for Heavy Industries and Steel, H. D. Kumaraswamy, on Wednesday underscored the
critical role of a robust financing architecture in accelerating India’s infrastructure and manufacturing
ambitions while addressing the 6th Annual Construction Equipment Finance Conclave in the national
capital.
Speaking at the industry gathering, the Minister emphasised that the conclave’s theme, “Building a
Resilient Infrastructure and Construction Equipment Financing Ecosystem: Towards Building Domestic
Strength for Global Reach” was both timely and strategically aligned with India’s growth trajectory.“India today stands as the world’s fourth-largest economy, and we are firmly on course to become the
third-largest in the coming years. This growth trajectory is powered by infrastructure expansion,
manufacturing depth and sustained capital investment,” Kumaraswamy said.
Highlighting the Centre’s infrastructure thrust under the leadership of Prime Minister Shri Narendra Modi,
the Minister noted that the government is building long-term industrial capacity alongside physical assets.
“Under the visionary leadership of our Hon’ble Prime Minister Narendra Modi, we are building not just
roads and bridges, but the foundation of Viksit Bharat 2047,” he stated.
Kumaraswamy emphasised the proactive role of the Ministry of Heavy Industries in strengthening the
construction equipment ecosystem through targeted policy interventions and incentive frameworks. He
noted that the Union Budget 2026–27 has reaffirmed the government’s commitment through a historic
public capital expenditure allocation of ₹12.2 lakh crore, describing it as a structural, multi-year push
spanning highways, railways, logistics corridors, ports, renewable energy infrastructure and urban
expansion.
The Minister also drew attention to the proposed Scheme for Enhancement of Construction &
Infrastructure Equipment (CIE), being steered by the Ministry of Heavy Industries, aimed at strengthening
domestic manufacturing of high-value and technologically advanced equipment.
“This initiative is designed to build strategic capability within the country and enable our manufacturers to
scale with confidence, innovate with security and compete globally,” he observed.
Citing industry estimates, Kumaraswamy noted that the Indian Construction Equipment market is
currently valued at around $9.5 billion and holds the potential to more than double by 2030. The sector
recorded sales of over 1,40,000 units in FY25 and has set an ambitious target of evolving into a $25-
billion market by the end of the decade.
He further highlighted the transformative impact of emerging technologies on the sector. “Automation, AI-
enabled fleet management, predictive maintenance, and electric and hybrid construction equipment are
redefining operational efficiency,” the Minister said, adding that government initiatives such as PM E-
DRIVE are accelerating the transition towards cleaner and more sustainable industrial growth.
The Minister stressed that a resilient financing ecosystem would have multiplier effects across the
economy. “A strong Construction Equipment financing ecosystem will not only strengthen manufacturers;
it will empower contractors, MSMEs, logistics operators and infrastructure developers across the country,”
he remarked.Concluding his address, Kumaraswamy called for collective action to position India as a global hub for
construction equipment manufacturing and financing.
“The Construction Equipment sector is not merely participating in India’s growth story - it is constructing
it,” he said, urging stakeholders to work together to build a globally competitive, technologically advanced
and financially resilient ecosystem aligned with the national development vision.
****
TPJ
(Release ID: 2232580) Visitor Counter : 370
Read this release in: Urdu , ही , Tamil , Kannada