The Union Government has unveiled a National Capital Goods Policy 2016. Consider the following statements in this regard.
Which of the above statements is/are incorrect?
The Union Government has unveiled a National Capital Goods Policy 2016. Consider the following statements in this regard.
Which of the above statements is/are incorrect?
The correct option is D 3 Only
National Capital Goods Policy 2016 is to give an impetus to the capital goods sector and the Make in India initiative. This is for the first time, Union Government (Ministry of Heavy Industry & Public Enterprise) has framed such national policy for the capital goods sector.
Key features of the Policy:
Increase exports of capital goods from the current 27% to 40 % of production. Increase share of domestic capital goods production in terms of demand from 60% to 80% in order to make India a net exporter of capital goods. Facilitate improvement in technology depth across sub-sectors, ensure mandatory standards, increase skill availability and promote growth and capacity building of MSMEs.
Enhance Indian made capital goods export through a ‘Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)’.
Seeks to launch a Technology Development Fund (TDF), upgrade existing and setting up new testing & certification facility. It also seeks to make standards mandatory in order to reduce sub-standard machine imports
3 Only
National Capital Goods Policy 2016 is to give an impetus to the capital goods sector and the Make in India initiative. This is for the first time, Union Government (Ministry of Heavy Industry & Public Enterprise) has framed such national policy for the capital goods sector.
Key features of the Policy:
Increase exports of capital goods from the current 27% to 40 % of production. Increase share of domestic capital goods production in terms of demand from 60% to 80% in order to make India a net exporter of capital goods. Facilitate improvement in technology depth across sub-sectors, ensure mandatory standards, increase skill availability and promote growth and capacity building of MSMEs.
Enhance Indian made capital goods export through a ‘Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)’.
Seeks to launch a Technology Development Fund (TDF), upgrade existing and setting up new testing & certification facility. It also seeks to make standards mandatory in order to reduce sub-standard machine imports
