Technological capabilities of large no. of players in SME sector are limited: Geete
Updated: May 29, 2015 05:38:22pm
Ahmedabad, May 29 (KNN) Urging the industry to make use of the Capital Goods Scheme, Union Minister for Heavy Industries & Public Enterprises Anant Geete said while there are some players who have technological competencies, especially in design capability, application innovation and process innovation, the technological capabilities of large number of players, especially in the SME sector, are limited.
“India has become one of the largest importers of capital goods in the world importing around USD 20 billion of CG imports per year. This has adversely affected the indigenous capital goods industry,” he added.
Geete was inaugurating a DHI-FICCI Workshop on “Technology Development for Capital Goods: Constraints & the Way Forward” in Ahmedabad.
Geete said this scheme launched under the Make in India initiative of Government of India provides support to the industry to acquire technology, set-up technology development centres in collaboration with Institutes, and create common infrastructure for the capital goods industry and is is valued at Rs 1000 crore and Government of India is contributing around Rs six hundred odd crore for the Scheme for the next four years.
The scheme would particularly be helpful for the industry in Gujarat as lot of capital goods industry and components producers are present in the State in sectors like textiles machinery, plastic machinery, machine tools, process plant and engineering. The engineering clusters of Gujarat can take advantage of this scheme to achieve next levels of the technology.
In capital goods sector, the technology gap is widening when compared to other countries. Dependence on high-end technology capital goods is increasing in the country and up-gradation of technology levels, continuous R & D efforts and self-sufficiency of the nation in this sector requires desired levels of investment and support by the Government.
“Under these circumstances, this scheme of the DHI will help the industry in acquiring technologies from abroad or to develop such technologies within the country with the support of an institute”, the minister added.
Geete also said that his Government was working with countries like Germany, USA etc to liberalise the exports of dual use technologies that would benefit the capital goods sector.
Transfer of technology from other developed countries has not been significant despite liberalization of policies for technology transfer and foreign direct investments. Constraints imposed by developed countries on dual use items exports have restricted the technology development in our country, he said.
A unique component of the Scheme is Technology Acquisition Fund where Government is giving support upto 25 per cent of the cost of technology subject to the limit of Rs 10 crore. (KNN Bureau)
“India has become one of the largest importers of capital goods in the world importing around USD 20 billion of CG imports per year. This has adversely affected the indigenous capital goods industry,” he added.
Geete was inaugurating a DHI-FICCI Workshop on “Technology Development for Capital Goods: Constraints & the Way Forward” in Ahmedabad.
Geete said this scheme launched under the Make in India initiative of Government of India provides support to the industry to acquire technology, set-up technology development centres in collaboration with Institutes, and create common infrastructure for the capital goods industry and is is valued at Rs 1000 crore and Government of India is contributing around Rs six hundred odd crore for the Scheme for the next four years.
The scheme would particularly be helpful for the industry in Gujarat as lot of capital goods industry and components producers are present in the State in sectors like textiles machinery, plastic machinery, machine tools, process plant and engineering. The engineering clusters of Gujarat can take advantage of this scheme to achieve next levels of the technology.
In capital goods sector, the technology gap is widening when compared to other countries. Dependence on high-end technology capital goods is increasing in the country and up-gradation of technology levels, continuous R & D efforts and self-sufficiency of the nation in this sector requires desired levels of investment and support by the Government.
“Under these circumstances, this scheme of the DHI will help the industry in acquiring technologies from abroad or to develop such technologies within the country with the support of an institute”, the minister added.
Geete also said that his Government was working with countries like Germany, USA etc to liberalise the exports of dual use technologies that would benefit the capital goods sector.
Transfer of technology from other developed countries has not been significant despite liberalization of policies for technology transfer and foreign direct investments. Constraints imposed by developed countries on dual use items exports have restricted the technology development in our country, he said.
A unique component of the Scheme is Technology Acquisition Fund where Government is giving support upto 25 per cent of the cost of technology subject to the limit of Rs 10 crore. (KNN Bureau)
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