China's New Chokepoint Meets India's Defiance; Beijing's Tunnel Boring Machine Gamble Backfires

Описание: India's Commerce Minister Piyush Goyal has sent China a blunt message: India will not beg for tunnel-boring machines. If Beijing restricts exports, India will build the machines at home. China controls an estimated 70 percent of the global TBM market and has announced export controls on tunnel-boring machines and related equipment. The move could affect metro systems, railway tunnels, highways and infrastructure along the Line of Actual Control. But India is preparing its response. BEML is developing indigenous TBMs, Larsen & Toubro is working on a prototype and German firm Herrenknecht has an assembly facility in Chennai. India is also considering a $1.2-billion incentive package for construction equipment manufacturing. China may have tried to create a new choke point. Instead, it may have accelerated India’s industrial self-reliance. Shreya Chandra with more

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00:00 Piyush Goyal’s Message To China
00:27 India Won’t Beg For Tunnel-Boring Machines
01:06 China’s Dominance In The TBM Market
01:35 Why Tunnel-Boring Machines Matter
02:09 India’s Three Options
02:21 India’s Push For Indigenous TBMs
02:58 China’s Export Controls Could Backfire
03:27 India’s Massive Tunnelling Opportunity
03:40 The Strategic Message To Beijing
04:02 India’s Infrastructure Self-Reliance
04:32 India Will Build Its Own Way

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