Govt plans Rs 16k cr boost for construction equipment sector

10 Sep 2025 CW Team

The Centre is finalising an incentive package worth Rs 14,000–16,000 crore to promote domestic manufacturing of heavy construction equipment, including tunnel boring machines (TBMs), cranes and specialised rigs, reported The Economic Times. The move aims to reduce reliance on imports and support India’s infrastructure growth.

Inter-ministerial discussions are underway, with the scheme expected to be launched in the next financial year. Nearly half of India’s construction and mining equipment components are currently imported, largely from China, Japan, South Korea and Germany.

Industry leaders say local manufacturing is critical for upcoming mega projects such as high-speed rail, metro networks, highway corridors and new ports. Rahul Agarwal, CFO of Patel Engineering, highlighted that dependence on overseas suppliers often leads to project delays due to global supply chain disruptions.

Manish Mathur, CEO (Cranes) at ACE, noted that the sector recorded only 3% growth in FY25, with domestic sales declining in the first quarter. A dedicated incentive scheme, he said, could help build resilience and boost competitiveness.

According to ICRA, indigenisation in the sector could rise to 70–80% in the next five to seven years from less than half today, creating a Rs 25,000 crore market and saving about Rs 3,000 crore annually in foreign exchange.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..