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Govt sets up panel to strengthen Capital Goods Sector

By TIOL News Service

NEW DELHI, NOV 12, 2020: 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, Mr 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/Organization

Chairman/Member/Member Secretary

1.

Secretary, DHI

Chairman

2.

Joint Secretary in DHI (in charge of the CG Sector i.e. Heavy Engineering and Machine Tools Division)

Member Secretary

3.

Joint Secretary, DHI (Heavy Electricals Industry/Auto Divisions?

Member

4.

Adviser (Industries), NITI Aayog

Member

5.

Director General, BIS

Member

6.

CEO, NSDC

Member

7.

Joint Secretary, Department of Revenue, North Block

Member

8.

Joint Secretary, Department of Commerce

Member

9.

Joint Secretary, Department of Industrial Policy and Promotion

Member

10.

Joint Secretary, MIETY

Member

11.

Joint Secretary, MSME

Member

12.

Joint Secretary, Department of Chemical and Petrochemical

Member

13.

Joint Secretary, Ministry of Mines

Member

14.

Joint Secretary, Ministry of Coal

Member

15.

Joint Secretary, Ministry of Textile

Member

16.

Joint Secretary, MoRTH

Member

17.

Joint Secretary, Ministry of Steel

Member

18.

Joint Secretary, Ministry of Food Processing

Member

19.

Joint Secretary, Department of Fertilizer

Member

20.

Joint Secretary, Ministry of Power

Member

21.

Joint Secretary, Ministry of Petroleum and Natural Gas

Member

22.

DDG, DGFT

Member

 


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