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India’s mining and construction equipment industry to expand by 70-80 pc in next 5 years: ICRA

India’s mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 per cent in the next 5-7 years, highlighted ICRA in a report. It also noted that this shift could help the industry save nearly USD 3 billion in foreign exchange annually and boost India’s cost …