Construction equipment industry must be prepared for competitive market situation: V K Singh
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Union Minister of State for Road Transport & Highways General V K Singh has said that the construction equipment (CE) industry must be prepared for the competitive market situation and focus on Industry 4.0 for revamping itself.
The minister said India is an emerging hub for construction equipment, component outsourcing base and design base. He also said the private players in the construction industry must concentrate on automation, adoption of advanced technologies and global best practices, usage of alternate fuels, and innovations in using waste materials as raw materials for their construction projects to diminish the cost of construction and rate of pollution.
Singh further said that infrastructure must be sustainable and the industry should take measures to enhance the quality at an affordable life cycle cost. He said ‘India is working hard on hydrogen fuel technology and solar energy since we consider it as the future of the country’.
