Launch of Enhancement of Capital Goods Sector Phase II

Part of: Prelims and Mains GS-III: Indian economy

Objective: To expand and enlarge the impact created by Phase I pilot scheme, thereby providing greater impetus through creation of a strong and globally competitive capital goods sector that contributes at least 25% to the manufacturing sector.

Components: 

  1. Identification of Technologies through Technology Innovation Portals
  2. Setting up of four New Advanced Centres of Excellence and augmentation of Existing Centres of Excellence
  3. Promotion of skilling in Capital Goods Sector–creation of Qualification packages for skill levels 6 and above
  4. Setting up of four Common Engineering Facility Centres (CEFCs) and augmentation of existing CEFCs
  5. Augmentation of Existing Testing and Certification Centres
  6. Setting up of ten Industry Accelerators for Technology Development

News Source: PIB

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