According to the report by Motilal Oswal Financial Services, to further boost localisation and value addition in India, additional initiatives will be necessary to promote component manufacturing in the country, where the Government is already working on the various schemes. Backed by robust Government measures, the domestic electronic manufacturing services (EMS) market is poised to […]
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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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