India plans to approve a $1.2-billion scheme aimed at fostering domestic production of advanced construction equipment, reducing reliance on Chinese imports.
The scheme aims to attract $1.8 billion investment
Aug 21, 2026
04:49 pm
What's the storyIndia is on the verge of approving a $1.2-billion incentive scheme to promote domestic production of high-value, technologically advanced construction and infrastructure equipment, according to Reuters.
The move is part of a broader strategy to reduce the country's reliance on China for critical machinery.
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