Ministry of Heavy Industries is implementing the Scheme for “Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase II”.  This scheme is aimed at:-

(i) Creating a strong and globally competitive capital goods sector; (ii) Creating a self-sustaining eco system for research and innovation for manufacturing technologies through the use of Technology Innovation Portals; (iii) Enhancing the skills of the existing manpower and to expand the availability of highly skilled manpower for the sector; (iv) Promotion of smart manufacturing and to facilitate adoption of relevant, robust and affordable technologies for Industry 4.0 in the Capital Goods sector in order to improve efficiency and productivity; and (v) Promotion of progressive indigenization of technologies for capital goods.  The scheme has a financial outlay of Rs. 1207 crores with budgetary support of Rs.975 crore and Industry Contribution of Rs.232 crore.

The third Party Evaluation of the Phase I of the Scheme was conducted by an expert committee under the Chairmanship of Shri S. Chaudhary, Director, IIT-Jodhpur.  The Committee, inter alia, recommended that the present scheme has paved the way towards fulfilling the technological and infrastructural  requirements of the Capital Goods sector in a limited way. However, to cater to the needs of the entire Capital Goods industry across the country, the up-scaling of the present scheme would lead to creation of the desired impact on Make in India initiative of the Government of India.    Accordingly, on January 25, 2022, Ministry of Heavy Industries has notified the Scheme for “Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II”

This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

 

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MG/KSR

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