New scheme to promote Capital Goods

06 Feb '08

2 min read

Dr. R C Panda, Secretary, Ministry of Heavy Industry & Public Enterprises, Government of India said “very soon government is going to announce a new scheme for promoting various capital good manufacturers such as sugar machinery manufacturers, textile machinery and leather machinery manufacturers etc.”

He was speaking at the National Seminar on Present Scenario & Road Map for Indian Sugar Machinery Industry organized by Confederation of Indian Industry (CII) at New Delhi.

Dr. Panda said that there was need to showcase to the world sugar machinery manufactured in India. This is one sector that is a net exporter, while imports are nil. This sector must identify technology gaps through R&D efforts and protect their intellectual property as they globalize.

Indian Sugar and Sugar Machinery manufacturing industry have established technology to produce white, granular sugar but we need to develop future technologies to increase recoveries in sugar cane processing, and similar other areas need to be brought under focus.

Dr. Panda further added that the seminar should deliberate on aspects of exports, technology development, patent protection and increase capacities in time. He proposed the concept of setting up a National Development Council for this sector along the lines of Textiles.

Speaking earlier Mr. Aditya Puri, Chairman CII Sugar Machinery Division and MD, ISGEC welcome the participants and highlighted the various challenges faced by the industry.

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