In recent years, Indian economy is developing fast, urgent requirement of infrastructure construction is increasing, it is proposed to a larger demand of mining machinery. In the next 5 years India's demand for mining machinery will greatly increase, It is the best period for Chinese mining machinery industry to develop the Indian market.
In recent years, Indian mining machinery and equipment sales is between 150 million ~ 200 million dollars, annual growth rate is 20% ~ 30%. Currently, Indian ready-mixed concrete utilization rate is less than 1%, however, in the next five years the growth rate will come to 30%, so the conveying equipment has great market potential. Concrete conveying equipment market is mainly in western and southern account for 80% of the total, those equipment are mainly low-end products (70%), so the demand for high-end products will greatly increase. Indian government will focus on infrastructure as key of economic development. National highway engineering "dream engineering" will cost 12 billion U.S. dollars. In the next 5 to 8 years, in addition to the national level road construction, state-level road annual investment is 110 million. The road-building equipments has a vast market in India , the demand for crane, elevator, conveying equipment and overloaded transport will increase. The current market capacity of crane is about 100 million dollars, the market capacity for conveying equipment is about 300 million dollars.
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