Enhancement of Competitiveness in the Indian Capital Goods Sector

The Department of Heavy Industry realized that access to facilities and the quality of goods manufactured have been consistently taking a hit for the worse. In order to bring it to pace, it launched the Enhancement of Competitiveness in the Indian Capital Goods Sector. 

What is this scheme all about?

The scheme has been launched to address the Technological unaccountability and limited access to quality infrastructure and facilities that should commonly have been available. 

In other words, this scheme aims at making accessible those aspects which are prerequisites to the “Make in India” initiative. 

Objectives of the Scheme

  • The primary objective of the scheme is technology development. This would be achieved via joint participation by various Academias, Industry R&D institute, and the Government, all working in tandem in order to facilitate the transfer or acquiring of critical technologies pivotal to industrial development. 
  • Another main objective of the scheme is the enhancement of physical infrastructure for the increased competitiveness of local industries, thereby enabling it to endure import penetration. 

In conclusion

To tackle the issue of quality products is available in scarce amounts, the government has undertaken this initiative. With a developing economy in mind, it is only the quality of the goods we export that will generate revenue for us in the long run. 

And the crux of the matter happens to be that without infrastructure and technological advancements needed for goods, good quality cannot be achieved, nor maintained. 

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