Tuesday, 06 December 2022



LATEST NEWS Newly appointed Member of CBFC calls on Governor Will shortly solve legitimate demands of Panchayats Secretaries : Kuldeep Singh Dhaliwal MLA, DC and CP flag off two ambulances for stray dogs’ treatment Zonal level conference held on 'National Logistics Policy' Punjab Government To Set Up 20 Dedicated Rural Industrial Hubs In The State: Bhagwant Mann International volunteers Day celebrated in Srinagar My Town My Pride : Visiting officers inspect developmental works at MC Handwara, MC Langate 60th Annual Raising Day of Civil Defense & Home Guards celebrated at Srinagar Director Agriculture Kashmir Chowdhary Mohammad Iqbal chairs meeting of Organic/ Bio fertilizer companies Habitual Timber Smugglers to be booked under PSA : Sachin Kumar Vaishya Two day ‘My Town My Pride’ 2.0 concludes at Hajin My Town My pride 2.0 concludes at Shopian My Town My Pride : DC Shopian Sachin Kumar Vaishya chairs joint meeting of ULB Members, Officers Div Com Kashmir inaugurates CBC’s 5-day Multimedia Exhibition on Amrit Mahotsav at Anantnag Welfare of forest workers top priority with State Government : Lal Chand Kataruchak Step closer to resolve Fazilka bus stand issue: Laljit Singh Bhullar instructs to initiate process of shifting bus stand to transport department Harmony is the strength of India's culture : Rajendra Vishwanath Arlekar Dr. Ambedkar paid tribute on the occasion of Mahaparinirvan Divas in Punjab Vidhan Sabha Punjab Government released Rs. 267 lakh for update of M.R. Homes for patients suffering from psychological problems: Dr. Baljit Kaur North Zone’s Pre-Republic Day NSS Parade training Camp concluded at Lovely Professional University Gippy Grewal & Ravneet Grewal Paints The City Red With Their Dance Performance On ‘Nawa Nawa Pyaar'


Department of Heavy Industry to fund Projects Worth Rs. 1000 Crores Under the Capital Goods Scheme

Anant Geete addressing at the workshop on "Enhancement of Competitiveness in the Indian Capital Goods Sector", in Mumbai on July 06, 2015.
Anant Geete addressing at the workshop on "Enhancement of Competitiveness in the Indian Capital Goods Sector", in Mumbai on July 06, 2015.

Web Admin

Web Admin

5 Dariya News

New Delhi , 06 Jul 2015

The Centre has asked the industry to avail of the benefits of the recently launched Capital Goods Scheme which would help in acquiring or developing new technology. Speaking at the inauguration of a workshop in Mumbai today, Union Minister for Heavy Industries and Public Enterprises, Shri Anant Geete expressed concern over increasing imports of Capital Goods. He said the technology gap between the developed countries and developing countries is widening in the Capital Goods Sector. The workshop on “Technology Development for Capital Goods: Constraints and the Way Forward,” was jointly organized by the Department of Heavy Industries and FICCI. The Minister said “the technological capabilities of large number of players, especially in the SME sector, are limited in India and as a result India has become one of the largest importers of capital goods in the world. This has adversely affected the indigenous capital goods industry and we want to change this now” he added. 

Geete informed that his Ministry is committed to bring ‘Achche Din’ for the Capital Goods Sector and informed that his Department would set up Technology Adoption Fund to promote Research and Development in the industrial sector. 

The Capital Goods 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. 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. The Capital Goods Scheme is expected to be particularly helpful for the industry in Maharashtra as a large number engineering and capital goods clusters covering textiles machinery, machine tools, plastic machinery and engineering products are located in the state. Shri Divakar Raote, Maharashtra Minister for Transport, Dr. Rajan S. Katoch, Secretary, Department of Heavy Industries, were also present on the occasion. 


Tags: Anant Geete



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD