Local manufacturing can offer Rs.25,000 crores annual opportunity to construction equipment vendors by FY- 2030
The Indian mining and construction equipment (MCE) industry imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others. Rising component localisation might offer approximately Rs.25,000 crores annual opportunity to construction equipment vendors by FY 2030. Rising component localization might offer approximately Rs.25,000 crores annual […]
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