India Plans 1.2B Incentive to Boost Equipment Making
India plans a 1.2 billion dollar incentive scheme to boost domestic production of infrastructure equipment. The move aims to attract fresh investment and curb heavy import dependence on China.
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Xurve View
India is set to approve a $1.2B incentive scheme to build heavy construction equipment. The program aims to cut reliance on China for critical infrastructure machinery. The market is valued at $10.5B and is expanding rapidly.
