Government sets Committee to strengthen the Capital Goods Sector

Nov 11: The government has set up a 22-member inter-ministerial committee in strengthening the Capital Goods(CG) Sector through interventions that help the CG Sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector.

Informing about the same, Minister for Heavy Industries and Public Enterprises, Shri Prakash Javadekar expressed happiness and said in a tweet message that the committee will work out ways and means to make the capital goods sector globally competitive and to become the manufacturing hub for the world.

Initiatives in the Capital Goods Sector require in depth consultations and deliberations with all concerned Ministries / Departments on regular basis. It is in this light proposed an Inter-Ministerial Committee (IMC) is being constituted with representation from all the concerned Ministries / Departments dealing with the CG sector and using CG machinery to regularly meet and deliberate to address the issues and bottleneck pertaining to the sector. The IMC will help DHI in taking a holistic view for all the issues pertaining to the CG Sector.

The Committee will look into on all such 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 to make this sector globally competitive and to become the manufacturing hub for the world. Any other relevant issue pertaining to the Capital Goods sector may also be brought before the Committee with the prior approval of the Chairman.

The Inter-Ministerial Committee (IMC) under the chairmanship of Secretary, DHI with representation at sufficiently senior level officers from the concerned Ministries/Departmentsis proposed to meet quarterly. Any other Department or expert as required may be invited by the chair.

The constitution of the IMC for capital Goods Sector will be as follows:

Sr. No.  Name of Ministry/Department/OrganizationChairman/Member/Member Secretary
1.Secretary, DHIChairman 
2.Joint Secretary in DHI (in charge of the CG Sector i.e. Heavy Engineering and Machine Tools Division)MemberSecretary
3.Joint Secretary, DHI (Heavy Electricals Industry/Auto Divisions?Member 
4.Adviser (Industries), NITI AayogMember
5.Director General, BISMember
6.CEO, NSDCMember
7.Joint Secretary, Department of Revenue, North BlockMember
8.Joint Secretary, Department of CommerceMember
9.Joint Secretary, Department of Industrial Policy and PromotionMember
10.Joint Secretary, MIETYMember
11.Joint Secretary, MSMEMember
12.Joint Secretary, Department of Chemical and PetrochemicalMember
13.Joint Secretary, Ministry of MinesMember
14.Joint Secretary, Ministry of CoalMember
15.Joint Secretary, Ministry of TextileMember
16.Joint Secretary, MoRTHMember
17.Joint Secretary, Ministry of SteelMember
18.Joint Secretary, Ministry of Food ProcessingMember
19.Joint Secretary, Department of FertilizerMember
20.Joint Secretary, Ministry of PowerMember
21.Joint Secretary, Ministry of Petroleum and Natural GasMember
22.DDG, DGFTMember