Earthmoving and construction equipment major JCB India expects a strong recovery towards the second half of the year aided by the accelerated vaccination programme along with Centre’s focus on infrastructure creation. Accordingly, the company has pinned hopes on the record high budget set aside to create infrastructure, especially roads and highways. As infrastructure development activity slowly resumes its pace after the second wave of COVID-19 pandemic, resumption of demand and re-energising the supply chain will take some time to settle down. Meanwhile, the government’s continued thrust on building infrastructure is encouraging to the construction equipment sector. Infrastructure creation also opens opportunities for allied industries like raw material, quarrying and equipment manufacturing, among others.
