· Policy & Manufacturing · Source: economictimes.indiatimes.com

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

The Union Budget 2026 may introduce ₹23,000 crore in incentives to promote domestic capital goods manufacturing. The move aims to strengthen local production, reduce import dependence, and enhance India’s manufacturing competitiveness. Policymakers are expected to focus on supporting machinery, industrial equipment, and high-value components, boosting investment and creating employment in the sector.

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