Increasing component localisation could offer ~Rs. 25,000 crore annual opportunity

Increasing component localisation could offer ~Rs 25,000 crore annual opportunity to CE vendors

Rating agency ICRA forecasts rising component localisation to offer ~Rs. 25,000 crore annual opportunity to construction equipment vendors by FY2030, led by components such as undercarriages and precision hydraulics. Overall, ICRA foresees a…

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