The Ministry of Heavy Industries vide its notification dated 25th January 2022, has published the guidelines of the scheme on enhancement of competitiveness of the capital goods sector- Phase-II for assistance to common technology development and services infrastructure.
The scheme for enhancement of competitiveness in the Capital Goods sector – Phase II is aimed at:
- Creating a strong and globally competitive capital goods sector that contributes at least 25% to the manufacturing sector and to increase the ability of the capital goods sector to meet the domestic demand and to make India a net exporter of capital goods.
- Creating a self-sustaining eco system for research and innovation for manufacturing technologies through the use of Technology Innovation Portals.
- Enhancing the skills of the existing manpower and to expand the availability of highly skilled manpower for the sector particularly in niche skills like robotic welding, precision machining, metallurgy, metrology, computer aided designing of machine parts, thermal analysis, sound and since vibration engineering, designing of high precision tools and their manufacturing etc.
- Creation of common engineering infrastructure for designing and manufacturing for the benefit of MSMEs and other industries of the Capital Goods Sector which are unable to access the latest high technology machines required for manufacturing and which will also encourage development of supply chains to develop quality products of international standards besides boosting industrial production
Six technology Innovation Platforms have been created under Phase I. The objective of six platforms is to provide an eco-system that encourages interactions of all the relevant stakeholders by crowd sourcing in an open and collaborative framework for facilitating Startups and angel funding of innovation, research and development of mother manufacturing technologies‘ indigenously relating to the capital goods and auto sectors.
