India Pushes Local Manufacturing for Heavy Equipment
About the Initiative
The Indian government is planning an incentive scheme worth ₹14,000–₹16,000 Cr aimed at enhancing domestic production of tunnel boring machines, cranes, and earth movers. This initiative is part of the larger strategy to reduce reliance on imports from China, Japan, South Korea, and Germany.
Impact on Infrastructure
The scheme is expected to accelerate India's mega infrastructure projects, including road development, metro networks, high-speed rail, mining, and a fourfold expansion in port capacities, while supporting domestic heavy equipment manufacturers.
Beneficiaries
Domestic companies such as ACE, BEML, L&T, Action Construction Equipment, Tata Hitachi, and Crown Lifters are likely to gain from the scheme, as it strengthens indigenisation and boosts equipment demand driven by infrastructure growth.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
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