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Inter-Ministerial Committee set up To Strengthen The Capital Goods Sector

  • IASbaba
  • November 12, 2020
  • 0
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Inter-Ministerial Committee set up To Strengthen The Capital Goods Sector

Part of: GS Prelims and GS-III – Economy

In news

  • The government has set up a 22-member inter-ministerial committee in strengthening the Capital Goods (CG) Sector to make this sector globally competitive and to become the manufacturing hub for the world.

Key takeaways 

  • The Committee will look into issues pertaining to the Capital Goods Sector including technology development, mother technology development, global value chains, skill training, global standards, custom duties, etc.
  • Chairmanship: Secretary of Department Heavy Industries 
  • The committee shall meet quarterly

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