ENA Sectors 2025-09-09 17:23:16 <p><span style="font-size:14px"><strong>New Delhi, Sep 9 (KNN)</strong> The Indian government is finalising a substantial incentive package worth Rs 14,000 16,000 crore aimed at strengthening the nations domestic manufacture of essential construction machinery.</span></p> <p><span style="font-size:14px">The move &mdash; currently under inter-ministerial review &mdash; is expected to be unveiled in the forthcoming financial year.</span></p> <p><span style="font-size:14px">Through this initiative, the government seeks to reduce reliance on imported machinery&mdash;currently accounting for nearly 50% of component value&mdash;from nations such as China, Japan, South Korea, and Germany.</span></p> <p><span style="font-size:14px">Industry experts caution that such dependency often leads to procurement delays during times of heightened global demand or supply chain disruptions.</span></p> <p><span style="font-size:14px">The proposed scheme will focus on promoting the production of heavy equipment, including tunnel-boring machines (TBMs), large cranes, and specialised rigs, which are critical for Indias ambitious infrastructure expansion.</span></p> <p><span style="font-size:14px">According to Rahul Agarwal, Chief Financial Officer at Patel Engineering Ltd, the shortage of such equipment is one of the biggest hurdles faced by infrastructure developers today.</span></p> <p><span style="font-size:14px">If implemented, the scheme could ease supply bottlenecks, ensure faster execution of infrastructure projects, and enhance the countrys resilience against global supply shocks.</span></p> <p><span style="font-size:14px">It also aligns with the governments broader Make in India and Atmanirbhar Bharat objectives, boosting domestic engineering capabilities while creating new opportunities for local manufacturers.</span></p> <p><span style="font-size:14px">With inter-ministerial deliberations ongoing, the rollout of this scheme in the next fiscal year is being seen as a pivotal step toward strengthening Indias construction sector and reducing long-term dependence on foreign suppliers.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43441 https://knnindia.co.in/news/newsdetails/sectors/india-prepares-rs-1400016000-crore-scheme-to-boost-domestic-construction-equipment-production 2025-09-09 17:23:16 knnindia.co.in