Ministry of Commerce and Industry

23.10.2015

Commercial

Draft National Capital Goods Policy of India

Ministry of Heavy Industries and Public Enterprises has drafted a National Policy on Capital Goods. Manufacture of capital goods is estimated to account for two per cent of the nation’s GDP and is seen as a crucial step in encouraging the Central Government’s “Make in India” initiatives. The Report provides an overview of several problems dogging the heavy industries in the country, and takes inspiration from other nations’ policies that have encouraged growth and investment in the industry. The Report suggests various measures to increase the competitiveness of sub-industries that produce capital goods, such as machine tools, dies, moulds and press tools, printing and food processing.

Tags : Industry heavy national policy 2015

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