Budget may roll out ₹23,000 crore incentives to boost local capital goods manufacturing

India may introduce incentive packages totaling up to ₹23,000 crore in the union budget for FY 2026-27 to boost domestic manufacturing of high-value capital goods. Schemes for construction equipment and automotive sectors are nearing finalization, aiming to reduce import reliance and strengthen global value chains.

from Economic Times https://ift.tt/x28oe6i