Neutral impactEconomy
India will make tunnel boring machines at home if China restricts exports: Goyal
BusinessLine 1 hr ago·3 Nov 2026, 7:07 am
Commerce Minister Piyush Goyal has stated that India is prepared to manufacture its own tunnel boring machines (TBMs) if China restricts exports of these critical construction tools. This move is a direct response to potential trade tensions and aims to reduce reliance on foreign technology for major infrastructure projects.
For investors, this development highlights India's growing push for self-reliance in strategic sectors. It signals a long-term opportunity for domestic manufacturing and engineering firms to benefit from government support and reduced dependency on imports.
Investors should monitor the progress of domestic TBM production and the government's specific incentives for local manufacturers. This shift could boost the broader industrial and infrastructure sectors over time.
Excerpt from BusinessLine
"Our ties with China are good and will improve in the absence of new obstacles," Goyal added. India will focus on making tunnel boring machines domestically if China restricts its exports, trade minister Piyush Goyal said on Tuesday, after Beijing announced export controls on the key construction…Read the original at BusinessLine
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- Category: Economy.
- Assessed as a significant, market-relevant update.
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