The capital goods sector is vital for India's "Make in India" vision. The National Capital Goods Policy, initiated by the Modi government in 2014, aimed to boost manufacturing by increasing capital goods production. This policy has played a significant role in driving economic growth, especially during the pandemic when small and medium enterprises helped meet medical industry demands. The capital goods sector is fundamental to manufacturing, contributing 12% to total manufacturing output and over 1.5% to GDP. Foreign portfolio investors (FPIs) have been favoring capital goods and power sector stocks, making significant investments in this space. Earlier in January, the government provided relief to the industry under the Export Promotion Capital Goods (EPCG) scheme, allowing duty-free imports of capital goods, especially benefiting healthcare, hotel, and educational sectors affected by the pandemic.