New Delhi, April 18 -- India is set to broaden the scope of its key Capital Goods Promotion Scheme, which has so far focused heavily on electrical components and automobile manufacturing.

The government plans to extend support to sectors like pharmaceuticals and textiles under this scheme, reported ET.

The move aims to provide a boost to capital goods manufacturing across a wider range of industries, stated a senior government official aware of the development.

In addition to conventional sectors, the scheme will also cover new-age technologies, such as those used for electric vehicles, batteries, and robotics, as well as semiconductor-related applications.

This aligns with India's Industry 4.0 plans and the push towards advanced ma...