Government Notifies Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II

Ministry of Heavy Industries (MHI) has notified the Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure. 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 scheme was notified on 25^th January, 2022.

The objective of Phase II of the Scheme for Enhancement of Competitiveness of the Capital Goods Sector is to expand and enlarge the impact created by Phase I pilot scheme, thereby providing greater impetus through creation of a strong and globally competitive capital goods sector that contributes at least 25% to the manufacturing sector.

There are six components under the Scheme for Enhancement of Capital Goods Sector Phase II, namely:

(i) Identification of Technologies through Technology Innovation Portals;

(ii) Setting up of four New Advanced Centres of Excellence and augmentation of Existing Centres of Excellence;

(iii) Promotion of skilling in Capital Goods Sector–creation of Qualification packages for skill levels 6 and above;

(iv) Setting up of four Common Engineering Facility Centres (CEFCs) and augmentation of existing CEFCs;

(v) Augmentation of Existing Testing and Certification Centres;

(vi) Setting up of ten Industry Accelerators for Technology Development

The detailed scheme guidelines along with the application forms are available at: https://heavyindustries.gov.in/writereaddata/UploadFile/Notification%20for%20Capital%20Goods%20%20Phase%20II%20.pdf

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