Govt's infra booster gives hope to construction equipment makers

So far seeing a slump in demand since the second wave of the pandemic, construction equipment manufacturers are looking to make the most of the government’s infrastructure (infra) push. The enhanced capital expenditure (capex), they say, augurs well for the sector and will lead to increased demand for construction machinery.

 A lot will, however, depend upon capex execution in a time-bound manner. The government has announced a 36 per cent increase in the budgeted capex to Rs 7.5 trillion for 2022-23 (FY23).

 “The capex increase is very encouraging and shows the government's continued and consistent focus on infra development. But