India is on the verge of approving a $1.2 billion (approximately \u20b910,000 crore) Production-Linked Incentive (PLI) scheme for construction and infrastructure equipment manufacturing. On August 21, 2026, Reuters reported this development, which was one of the largest industrial policy moves of the year, according to two sources from within the government.<\/p>\n
The seven-year initiative seeks to lure $1.8 billion in new investment for high-dollar equipment such as tunnel boring machines (TBMs), elevator systems in high-rise structures and firefighting equipment. The main goal is simple: to decrease India’s risky reliance on China for vital infrastructure equipment and create an independent supply chain.<\/p>\n
This is not a government initiative. This is a tectonic change in the industrial policy of India and it is opening a rare and time-bound opportunity for entrepreneurs, MSMEs, manufacturers, investors and startup founders to tap into a market of tens of billionrons that will exist over the next 10 years.<\/p>\n
Read the original Reuters article: India set to approve $1.2 billion incentive plan to make building equipment<\/a><\/p>\n