Union Budget 2026: Capital Goods Manufacturing Gets A Shot In The Arm

by · Inc42

SUMMARY

  • During her Budget speech on Sunday, finance minister Nirmala Sitharaman announced a set of initiatives aimed at strengthening India’s capital goods manufacturing capabilities
  • The FM said that central public sector enterprises will establish high-tech tool rooms at two locations
  • These facilities will operate as digitally enabled, automatic service bureaus and focus on local design, prototyping and large-scale manufacturing of high-precision components with the aim of reducing costs and import dependence for capital goods manufacturers