Macro Finance
India’s BEML to Build Tunneling Machines to Cut China Reliance
Bloomberg Markets·November 12, 2026·1 min read
BEML Ltd., India's state-owned defense and engineering company, plans to develop tunnel-boring machines to replace foreign suppliers. The move bets on India's infrastructure boom supporting a homegrown effort, reducing reliance on imports, particularly from China, for critical tunneling equipment used in major projects.
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