Briefly mention key steps for planning a project for developing the new product on imported machine.

Planning for a project to produce a new product is standard thing

Being on imported machine is a detail that may have some implications regarding language (of how to use the machine) and maybe regarding technical support/service for this machine ...

Otherwise, the process and steps remain the same as in any other project aiming at producing a new product ... and this is an overlap area between  project management and product management !!