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<h1>Capital goods industry growth urged to reduce imports through domestic manufacturing, policy support, and R&D emphasis.</h1> Strengthening the capital goods industry is presented as essential to reduce import dependence by developing domestic manufacturing capacity, with supply-side priorities of uninterrupted power and domestic steel production. A holistic policy package is being prepared to promote the sector as a manufacturing and export hub through public-private alignment, export incentives, a shift to cyclical manufacturing models, and focused R&D and innovation to convert industry signals into tangible product and process outcomes.