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CCEA okays scheme to boost capital goods' competitiveness
16 Sep '14
3 min read
The TAFP will provide financial assistance to Indian capital goods industry to facilitate acquisition of strategic and relevant technologies, and also development of technologies through contract route, in-house route or through joint route of contract and in-house. The Fund can extend partial support to industry to enhance their technology level, for achieving superior product quality / functionality, production capacity, safety and sustainability performance. This programme would bridge the technology gaps identified in the 12th Plan Working Group Report on ‘Capital Goods and Engineering Sector’.
The capital goods sector determines global competitiveness of the manufacturing sector by being a vehicle of technology. (RKS)
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