Diabytes
Capital goods policy News
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Government will soon come out with a comprehensive capital goods policy to create an ecosystem for a globally competitive sector leveraging concepts such as smart manufacturing, automation and IoT.
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Union Cabinet on Wednesday approved the first-ever policy for the country's capital goods sector envisaging creation of over 21 million new jobs by 2025.
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The policy envisages increasing exports to 40 percent of production, from the current 27 percent, while increasing the share of domestic production in India's demand to 80 percent from 60 percent, potentially making India a net exporter of capital goods.
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