Capex in mining, construction equipment sectors to hit Rs 10 lakh crore by 2030: Report

Capital expenditure for mining and construction equipment will nearly double by 2030. This growth is driven by accelerated infrastructure projects and critical mineral extraction. Domestic original equipment manufacturers must adapt to global technological shifts. India's exports of this equipment already exceed imports, showing strong potential. The nation can expand its global market share by investing in distribution and after-sales services.