India News | Centre Notifies Scheme to Enhance Competitiveness in Capital Goods
Get latest articles and stories on India at LatestLY. Ministry of Heavy Industries has notified the Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure, said a press release.
New Delhi [India], January 28 (ANI): Ministry of Heavy Industries has notified the Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure, said a press release.
The scheme has a financial outlay of Rs 1,207 crore with Budgetary support of Rs.975 crore and Industry Contribution of Rs 232 crore. The scheme was notified on 25 January 2022.
Also Read | Maharashtra: Medical Officer Found Dead Inside Burnt Car in Nashik; Investigation Underway.
The objective of Phase II of the Scheme for Enhancement of Competitiveness of the Capital Goods Sector is to expand and enlarge the impact created by Phase I pilot scheme, thereby providing greater impetus through the creation of a strong and globally competitive capital goods sector that contributes at least 25 per cent to the manufacturing sector. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)