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BEML Plans to Build Tunnel-Boring Machines to Cut Reliance on China
Sentiment: NeutralHigh Priority
What Happened?
BEML Ltd. aims to develop tunnel-boring machines to support India's infrastructure growth and reduce reliance on foreign suppliers, particularly from China. The company will start with smaller machines for metro and water projects.
Key points
- BEML plans to focus on smaller tunnel-boring machines initially.
- The company aims to reduce import reliance, especially from China.
- BEML is onboarding a global consultant for this initiative.
- India's TBM market could grow by about 12% annually over the next seven to eight years.
- The first machine is expected to be delivered in about 22 months after winning a contract.
Key insights
- BEML's move aligns with India's strategy to reduce dependence on Chinese supply chains.
- The success of this initiative may influence future investments in local manufacturing.
- Growing demand for tunneling machinery could lead to increased job opportunities in the sector.
Why it matters
This initiative could enhance India's self-reliance in critical infrastructure projects.
Tags
Entities
BEML· CompanyChina· CountryIndia· CountryShantanu Roy· PersonNitin Gadkari· Person
Source
Business Standard
