#construction-equipment
Govt may expand construction equipment localization scheme to include port infra, container components
Originally proposed in the FY27 budget with ₹200 crore allocated, discussions focus on incentivizing local manufacturing due to rising demand in construction and shipbuilding sectors.
Construction equipment retail sales dip 2.25% in April
April 2026 sees a 2.25% dip in construction equipment sales, with JCB India expanding its market share amidst industry challenges.