India is set to approve a $1.2-billion incentive scheme for manufacturing high-value and technologically advanced construction and infrastructure equipment, as the government seeks to reduce the country's dependence on China for critical machinery, according to two government sources cited by Reuters.

India is set to approve a $1.2-billion incentive scheme to boost domestic production of high-value construction equipment, including tunnel boring machines, and reduce import…

India is set to approve a $1.2-billion incentive scheme for manufacturing high-value and technologically advanced construction and infrastructure equipment, as the government…