# India set to approve $1.2 billion incentive plan for construction equipment, sources say

https://mins.news/en/item/28096

- Reuters, 2026-08-21 07:15 UTC
- Economy
- Original: https://www.reuters.com/world/china/india-set-approve-12-billion-incentive-plan-make-building-equipment-sources-say-2026-08-21/?link_source=ta_bluesky_link&taid=6a87fb01c69d29000181ba93

> India is expected to approve a $1.2 billion incentive scheme for producing high-value, technologically sophisticated construction and infrastructure equipment, two government sources said. The plan aims to reduce the country’s reliance on China for critical machinery.