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The Times of India

Top News / The Times of India

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Why India is betting $1.2 billion on homegrown construction equipment

India plans a $1.2 billion incentive scheme for advanced equipment manufacturing. This initiative aims to reduce reliance on China for critical machinery. The government expects fresh investment and domestic production growth over seven years. The scheme will cover tunnel boring machines and fire-fighting equipment. This move supports India's growing infrastructure development needs.

21 Aug 2026 1:57 pm