SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Economy News

The Economic Times

Economy / The Economic Times

details

Drill, baby, drill: China turns the screws, India looks for own tools

Chinas new export controls on tunnel boring machines (TBMs) have highlighted Indias reliance on overseas suppliers for specialised infrastructure equipment even as the government moves towards a $1.2 billion incentive scheme to expand domestic manufacturing. The proposed package aims to attract $1.8 billion in investment over seven years, but the bigger challenge will be building local capabilities in high-value components and machinery rather than simply replacing Chinese imports.

20 Oct 2026 4:17 pm