🏗️ New CIE scheme aims to boost Indian equipment manufacturing
The Construction and Infrastructure Equipment (CIE) scheme aims to boost domestic manufacturing and cut import reliance, stated Union Heavy Industries Minister H.D. Kumaraswamy. He made this announcement at the Indian Construction Equipment Manufacturers’ Association conference on Tuesday, September 1, 2026. While Finance Minister Nirmala Sitharaman mentioned ₹200 crore, the government is reportedly considering an ₹11,500 crore incentive outlay over seven years. The Minister emphasized encouraging MSMEs and promoting technology adoption within the capital goods ecosystem. India, currently the world's third-largest construction equipment market, is expected to hit ₹2.28 lakh crore by 2029-30. 🏗️