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Sales of Indian MCE industry to fall by 5-7% in FY2025: ICRA

Road construction accounts for 35-45% of MCE sales in India, followed by mining (20-30%), real estate (10-20%) and other sectors (railways, water supply, power etc.).Read more

India's MCE industry set for 70-80% expansion in 5 years: ICRA

The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more

MCE component localisation levels to rise 70% in 5-7 years; ICRA

The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more

India’s API industry expected to grow 7-8% in FY25

The operating profit margin (OPM) is forecasted to rise to 12-14%, up from 11-13% in the previous fiscal year.Read more

Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA

Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more

India: A responsible leader in the evolving manufacturing sector

India's growing manufacturing sector, coupled with its commitment to sustainability, presents a unique opportunity for the country to become a global leader in responsible manufacturing, says Marc JarraultRead more

Smart meter installations set to surge, but 2025 target may elude govt: ICRA Report

The ratings agency stated that the allocation of smart meters by state distribution utilities or companies (discoms) is projected to rise to 222 million in the near-to-medium term, compared to the 99 million awarded so far.Read more

Industrial Growth dips to 5.8% in September, experts optimistic for October rebound

In October, the government experienced a 13% increase in Goods and Services Tax revenue, marking its fastest pace in 10 months, reaching Rs 1.72 lakh crore.Read more

India's trade deficit shrinks significantly in September 2023

The country's goods exports saw a slight decrease of 2.59%, dropping to $34.47 billion from $35.39 billion in September 2022.Read more

ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs

The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more

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