Scheme to make capital goods industry globally competitive
Updated: Nov 25, 2014 02:09:23pm
New Delhi, Nov 25 (KNN) To make the Indian capital goods industry globally competitive, a scheme on ‘Enhancement of Competitiveness in the Indian Capital Goods Sector’ has been notified.
The Scheme, notified on November-11, aims to make Indian capital goods industry globally competitive by strengthening technology development, providing common manufacturing infrastructure and extending financial assistance for technology acquisition, said Minister of State of Heavy Industries and Public Enterprises, G M Siddeshwara in a written reply in parliament today.
The Scheme envisages government budgetary support of Rs. 581.22 crore and industry contribution of Rs 349.74 crore, he added.
The proposed scheme has components consisting of infrastructural interventions as well as financial intervention to boost competitiveness of the domestic capital goods industry.
These include - setting up of five Centers of Excellence (CoE) at Indian Institutes of Technologies/ Central Manufacturing Technology Institute for Technology Development in different sub sectors of Capital Goods; and setting up of one Integrated Industrial Infrastructure Facility (IIIF).
Other infrastructural interventions are - setting up of two common Engineering Facility Centers; setting up of Test and Certification Centre with full Government Support; and Technology Acquisition Fund Programme for acquisition of technology.
Detailed guidelines of the scheme including funding pattern are available on the website of the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises at http://dhi.nic.in.
The scheme is likely to be implemented in five years, the minister said. (KNN/ES)
The Scheme, notified on November-11, aims to make Indian capital goods industry globally competitive by strengthening technology development, providing common manufacturing infrastructure and extending financial assistance for technology acquisition, said Minister of State of Heavy Industries and Public Enterprises, G M Siddeshwara in a written reply in parliament today.
The Scheme envisages government budgetary support of Rs. 581.22 crore and industry contribution of Rs 349.74 crore, he added.
The proposed scheme has components consisting of infrastructural interventions as well as financial intervention to boost competitiveness of the domestic capital goods industry.
These include - setting up of five Centers of Excellence (CoE) at Indian Institutes of Technologies/ Central Manufacturing Technology Institute for Technology Development in different sub sectors of Capital Goods; and setting up of one Integrated Industrial Infrastructure Facility (IIIF).
Other infrastructural interventions are - setting up of two common Engineering Facility Centers; setting up of Test and Certification Centre with full Government Support; and Technology Acquisition Fund Programme for acquisition of technology.
Detailed guidelines of the scheme including funding pattern are available on the website of the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises at http://dhi.nic.in.
The scheme is likely to be implemented in five years, the minister said. (KNN/ES)
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