There is scope for disruptive innovations through adoption of digital economy practices and specialised equipment.

There are proposals for ICE to be recognised as a separate category with testing and certification standards.

There is scope for the government to play an enabling role for the industry to grow. Clearing the GST and Land bills and creating a separate regulatory framework and legislation specifically for off-highway equipment are of utmost priority.

The report has been prepared by Feedback Business Consulting and it has detailed information on construction activity / norms across segments, investments in the sector, impact of government policy, key growth drivers, industry challenges, demand projection by user segments, export potential and recommendations for development of the ICE industry.
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