India set to approve $1.2 billion incentive plan to make building equipment, sources say
- Posted on August 21, 2026
- By Business News Today
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India set to approve $1.2 billion incentive plan to make building equipment, sources say
India is set to approve a $1.2-billion incentive scheme to boost domestic production of high-value construction equipment, including tunnel boring machines, and reduce import dependence on China. The programme is expected to attract $1.8 billion in investment over seven years.
