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Indian States to Develop Equipment Bank to Boost its Infrastructure

News:

The Andhra Pradesh government today decided to create 'an equipment bank' designed to supply equipment for all works. 

Source - ET

SNP Insights:

This initiative taken by the Government seems to be a strategic move fostering both infrastructure and equipment manufacture. The states developing equipment inventory seems to attract more investment and ease of carrying out infrastructure projects may improve creating more potential for the states. With such initiatives aided by Make in India, the future is more likely to witness India as the global equipment manufacturing hub.

Source – SNP Infra Research