India Eyes ₹23,000 Crore Incentives for Capital Goods and Auto Manufacturing in Budget 2026
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India Eyes ₹23,000 Crore Incentives for Capital Goods and Auto Manufacturing in Budget 2026

The Indian government is reportedly planning incentive packages totaling up to ₹23,000 crore for the Union Budget 2026, aimed at boosting domestic capital goods manufacturing and reducing import dependency. Proposed schemes include ₹14,000-16,000 crore for construction equipment, focusing on indigenizing high-end machinery, and a ₹7,000 crore plan for the automobile sector to support local production of advanced components like ADAS and sensors. These initiatives seek to strengthen the domestic ecosystem and potentially create export opportunities.

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