The government 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 25th January 2022.
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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 the Phase I pilot scheme, thereby providing greater impetus through the creation of a strong and globally competitive capital goods sector that contributes at least 25% to the manufacturing sector, according to the Ministry of Heavy Industries (MHI).
There are six components under the Scheme for Enhancement of Capital Goods Sector Phase II, namely:
–Identification of Technologies through Technology Innovation Portals;
–Setting up of four New Advanced Centres of Excellence and augmentation of Existing Centres of Excellence;
–Promotion of skilling in Capital Goods Sector–creation of Qualification packages for skill levels 6 and above;
— Setting up of four Common Engineering Facility Centres (CEFCs) and augmentation of existing CEFCs;
–Augmentation of Existing Testing and Certification Centres; and
–Setting up of ten Industry Accelerators for Technology Development.
