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Soar of Indian Gravel Market and Construction Equipment

Release Date:2017-06-20Click times:99 Edited by:admin
In a report published in Forbes on December 16, it was revealed that Indias Gross Domestic Product (GDP) is set to surpass that of United Kingdom for the first time in 150 years. The International Monitory Fund (IMF) had, on October 8, pred

In a report published in Forbes on December 16, it was revealed that India’s Gross Domestic Product (GDP) is set to surpass that of United Kingdom for the first time in 150 years. The International Monitory Fund (IMF) had, on October 8, predicted the same and said that India will move ahead of Britain by the end of 2016 fasical year.

Moody, Prime Minister of India

As one of the world's largest developing countries, India has seen the rapid soar of the gravel market with intensive construction of infrastructure. Together with China, it accounted for a large share of the global sand and gravel market.

It is reported that the accumulated production of Indian gravel and aggregate was 2.2 billion ton in 2010. According to forecast of research institution, India's sandstone market in 2015 will reach 3.3 billion ton, an annual increase of 8.5%. In September 2014, Indian Prime Minister Moody proposed the "Made in India" program, which attracted at least $ 63 billion in direct international investment and most of the money is invested in the infrastructure sector. In addition, according to India's Twelfth Five Year Plan (2012) -2017), India intends to invest 10% of the total GDP in infrastructure, which has surpassed 1 trillion US dollars. At present, although India's road network ranked the world's best with 5.5 million kilometers, but the highway or state-level roads accounted for only 2%. In order to improve the quality of road network, India has newly built 6000 km highway in 2015-2016; this figure jumped to 15,000 km in 2016-2017. 

India transport infrastructure

India's transport infrastructure needs to be improved. With the construction of a large quantity of transportation and housing infrastructure in India, the building industry is expected to maintain a growth rate of 8% over the next 10 years, which will benefit 30 million practitioners of the construction industry. 

According to the report issued by the Italian Construction Machinery Industry Joint Industry Research Company, over the past 15 years, global investment (especially infrastructure investment) has gradually shifted to the east of the world and the investment proportion in Western developed countries has dropped from 70% to 43% since China and India have occupied a fair proportion. There is also report that India is currently the world's only country which continues to maintain the growth of construction machinery sales.

Pachami Stone Quarries

Located 200 kilometers north of Calcutta, one of the Indian economic centers, the Pachami mining area is one of India's representative gravel production centers. It is estimated there are nearly 100 mine owners operating here. The capacity of most stone quarries is about 70-100 ton per hour, and another 12 quarries have the production capacity of more than 200 ton per hour. This place has attracted worldwide machinery suppliers to sell various construction machines and crushing & screening equipment. With limestone and basalt as raw materials, the local stone quarries produce more than 50,000 ton of aggregates per day. While just a few years ago, the area is still unknown to the outside. It is reported that in addition to serve the local market, the products of Pachami mining area may also be exported to Bangladesh.

According to the PMR Market Research report, the capacity of global gravel and aggregate will reach 62.9 billion ton by 2024 and India will become an important engine for maintaining rapid growth of global sand and gravel output. With the growth of demand for gravel, construction machinery sales have also gone up. Off-Highway Research recently said the Indian market had digested 55,000 units of construction machine in 2016 and predicted that the country's construction machinery sales in 2020 would rise to 71,000 million units. A spokesman for the consulting firm said that the sales of construction machinery such as crushing & screening equipment, bucket loaders and construction vehicles will maintain a good growth. 


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