National Policy on Capital Goods
Q. Which of the following is/are true regarding National Policy on Capital Goods?
1) It ensures Mandatory Standardization.
2) It plans to create a 'Start-up Center for Capital Goods Sector'.- Published on 21 Jun 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Both 1 and 2
Some important recommendations made in National Capital Goods Policy are -- To integrate with Make in India initiative:
- To create an enabling scheme as a pilot for 'Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)
- To launch a Technology Development Fund under PPP model to fund technology acquisition
- To create a 'Start-up Center for Capital Goods Sector'
- To ensure Mandatory Standardization
- To upgrade development, testing and certification infrastructure.
- To enhance Skill development: to set up 5 regional State-of-the-Art Greenfield Centres of Excellence for skill development of CG sector.
- To provide schemes for enhancing competitiveness through a cluster approach
- To modernize the existing CG manufacturing units, especially SMEs.
