India to Restrict the Import of Old Machinery

In order to improve the entire production capacity and the competitiveness of manufacturing, the Indian government will carry out the policy of restricting the import of old machinery. The local government plans to hinder the import of old machinery already used for over 5 years, setting different standards of “service life” based on different industries, and considering to impose 7.5% import tariff on old machinery according to its original price.

In terms of certain Indian industries, the usage percentage of imported old machinery is fairly high, among which machine tools used for manufacturing various machine parts account for 40~45%. It is convinced that under the promotion of the overnment policy, Indian industries will then appear a wave of machinery replacement that Taiwanese machinery companies should seize the chance to expand their market presence in India.