India’s MCE Sector: The $200 Billion Heavyweight in the Making

A collaborative report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG) highlights a major expansion underway in India’s Mining and Construction Equipment (MCE) sector. Driven by strategic initiatives under the Viksit Bharat roadmap—including large-scale infrastructure, critical minerals development, and energy transition—MCE-linked capital expenditure is expected to jump from ₹5.5 lakh crore in 2025 to ₹9–10 lakh crore by 2030.

As one of the world's fastest-growing MCE markets—currently expanding at 10–12% annually with domestic demand topping $17 billion in 2025—India’s equipment sector is positioned to reach an estimated $180–200 billion market size by 2047 while rapidly boosting its footprint in global export markets.

News by Rahul Yelligetti.