Favorable Policies to Boost Up the Mini Excavator Market
The Government of India’s focus on infrastructural development is the biggest driver for the construction equipment industry which includes the infrastructure spending in the 12th plan projected to be around US$ 1 Trillion. Another move by the government in favor of the mini excavator market is the removal of tariff protection on capital goods. Also, the custom duties on a range of goods that are used in the manufacturing process have been lowered in turn reflecting a positive future for...
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