+
Capital Goods Scheme Phase II Sanctions 29 Projects
ECONOMY & POLICY

Capital Goods Scheme Phase II Sanctions 29 Projects

The Ministry of Heavy Industries is implementing the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector Phase II, with a total financial outlay of Rs 12,070 million (mn) and budgetary support of Rs 9,750 mn. The scheme aims to encourage technology development and augment manufacturing infrastructure in the capital goods sector. It supports research, testing and skills development through targeted investments.

So far 29 projects have been sanctioned under the programme with a combined project cost of Rs 8,913.7 mn and sanctioned budgetary support of Rs 7,146.4 mn. A project review and monitoring committee has been constituted for each project to oversee implementation. The ministry intends regular reviews to ensure timely completion and effective utilisation of funds.

Sanctioned centres of excellence include initiatives by the Indian Institute of Technology Roorkee in Uttarakhand, augmentation at the Indian Institute of Technology Delhi and expansion at the Indian Institute of Science in Bengaluru, along with facilities at the Automotive Research Association of India in Pune and the Indian Institute of Technology Banaras Hindu University in Varanasi. Tamil Nadu projects include Si’Tarc in Coimbatore and augmentation at AMTDC, Indian Institute of Technology Madras.

Common engineering facility centres and testing and certification facilities have been supported at institutions such as IISc Bengaluru, ARAI Pune and BHEL, with upgrades also planned or under way in Karnataka, Maharashtra, Tamil Nadu, Punjab, Kerala, Madhya Pradesh and Telangana. Industry accelerators have been set up by ARTPARK at IISc Bengaluru, by CMTI and by academic partners to speed technology translation and industry collaboration.

Qualification packages include development of 23 qualification packs by the Automotive Skills Development Council and further packs by the Capital Goods Sector Skill Council, including specialised packages for higher skill levels. The minister of state for heavy industries provided the information in a written reply to the Rajya Sabha, indicating ongoing oversight.

The Ministry of Heavy Industries is implementing the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector Phase II, with a total financial outlay of Rs 12,070 million (mn) and budgetary support of Rs 9,750 mn. The scheme aims to encourage technology development and augment manufacturing infrastructure in the capital goods sector. It supports research, testing and skills development through targeted investments. So far 29 projects have been sanctioned under the programme with a combined project cost of Rs 8,913.7 mn and sanctioned budgetary support of Rs 7,146.4 mn. A project review and monitoring committee has been constituted for each project to oversee implementation. The ministry intends regular reviews to ensure timely completion and effective utilisation of funds. Sanctioned centres of excellence include initiatives by the Indian Institute of Technology Roorkee in Uttarakhand, augmentation at the Indian Institute of Technology Delhi and expansion at the Indian Institute of Science in Bengaluru, along with facilities at the Automotive Research Association of India in Pune and the Indian Institute of Technology Banaras Hindu University in Varanasi. Tamil Nadu projects include Si’Tarc in Coimbatore and augmentation at AMTDC, Indian Institute of Technology Madras. Common engineering facility centres and testing and certification facilities have been supported at institutions such as IISc Bengaluru, ARAI Pune and BHEL, with upgrades also planned or under way in Karnataka, Maharashtra, Tamil Nadu, Punjab, Kerala, Madhya Pradesh and Telangana. Industry accelerators have been set up by ARTPARK at IISc Bengaluru, by CMTI and by academic partners to speed technology translation and industry collaboration. Qualification packages include development of 23 qualification packs by the Automotive Skills Development Council and further packs by the Capital Goods Sector Skill Council, including specialised packages for higher skill levels. The minister of state for heavy industries provided the information in a written reply to the Rajya Sabha, indicating ongoing oversight.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code