The Ministry of Heavy Industries and Public Enterprises has recently notified a scheme called ‘Enhancement of Competitiveness in the Indian Capital Goods Sector’ which aims to make the domestic capital goods industry globally competitive by strengthening technology development, providing common manufacturing infrastructure and extending financial assistance for technology acquisition.The scheme envisages government budgetary support of Rs. 581.22 crore and industry contribution of Rs. 349.74 crore. The scheme is likely to be implemented in five years.
The scheme has components consisting of infrastructure intervention as well as financial intervention to boost competitiveness of the domestic capital goods industry. The components include setting up five centres of excellence at the Indian Institutes of Technology and Central Manufacturing Technology Institute for Technology Development in different subsectors of capital goods; an integrated industrial infrastructure facility; two common engineering facility centres; test and certification centre with full government support; and technology acquisition fund programme for acquisition of technology.
Detailed guidelines of the scheme including funding are available on the ministry’s website at www.dhi.nic.in.