MHI, NRDC signs MoU for implementing Capital Goods scheme

20 May 2022 CW Team

The Ministry of Heavy Industries (MHI) has signed a Memorandum of Understanding (MoU) with the National Research Development Corporation (NRDC) for smooth implementation of the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector.

The MoU had been signed in the presence of Dr Mahendra Nath Pandey, Minister of Heavy Industries and Secretary of MHI Arun Goel, Chief Managing Director (CMD) of NRDC, Commodore Amit Rastogi (retd) and Vijay Mittal, Joint Secretary on behalf of MHI signed the MoU.

According to the MoU, NRDC will conduct the activities like evaluation and review of the scheme, management of intellectual property rights and commercialisation support for the products developed under Capital Goods Scheme Phase-I and II, etc., on behalf of MHI.

Pandey said that to grow the Indian economy, PM Narendra Modi initiated the Atmanirbhar Bharat mission, and this MoU will help in achieving the mission.

He added that the vision of the MoU is to make India a global hub for the manufacturing of capital goods.

MHI announced the Scheme on Enhancement of Competitiveness in The Indian Capital Goods Sector - Phase-II for assisting in Common Technology Development and Services Infrastructure.

This scheme has a financial outlay of Rs 1,207 crore, with budgetary support of Rs 975 crore and an industry contribution of Rs 232 crore to grow the impact created by Phase-I of the scheme to provide a greater impetus by creating a strong and globally competitive capital goods sector.

Image Source

Also read: Ministry of Heavy Industries approves 2,877 charging stations

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..