Inter-ministerial committee to strengthen the capital goods sector

The government has set up a 22-member inter-ministerial committee in strengthening the Capital Goods (CG) Sector through interventions to help the Capital Goods Sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector.

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Key-Points

 The Committee will look into issues pertaining to the Capital Goods Sector including technology development, mother technology development, global value chains, testing, skill training, global standards, reciprocity issues, custom duties.

The Inter-Ministerial Committee (IMC) under the chairmanship of Secretary of Department Heavy Industries with representation at sufficiently senior level officers from the concerned Ministries/Departments is proposed to meet quarterly.