Capital Goods Scheme Phase II Sanctions 29 Projects

17 Mar 2026 CW Team

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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..