šŸ’Ø Abstract

The ICRA report predicts significant growth for India's Mining and Construction Equipment (MCE) industry over the next 5-7 years, with localization levels expected to reach 70-80%. This shift could save approximately $3 billion in foreign exchange annually and boost India's cost competitiveness, aiding its export potential.

Courtesy: theprint.in

Summarized by Einstein Beta šŸ¤–

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