National Capital Goods Policy Launched by Govt of India.

A Scheme for enhancement of competitiveness in the Indian Capital Goods Sector has been launched which envisages a number of steps to improve competitivenes.These measures are expected to boost competitiveness of the indigenous Capital Goods Industry in the global market.
- Vision: “To increase the share of capital goods contribution from present 12% to 20% of total manufacturing activity by 2025”.
- Mission: 
1. Become one among top 10 capital goods producing nations of the world 
2. Raise exports to a significant level of at least 40% of total production.
- Objectives:
1. development of technology through interventions like setting up Centre of Excellence for technology development and financial intervention for acquisition/ transfer of technology. 
2. setting up of Common Engineering Facility Centre,   Integrated Industrial Infrastructure Facility and Test & Certification Centre for extending infrastructural facility to domestic capital goods industry.
What is Capital Goods sector ?
"Capital Goods” sector comprises of plant and machinery, equipment / accessories required for manufacture / production, either directly or indirectly, of goods or for rendering services,including those required for replacement, modernization, technological upgradation and expansion. It also includes packaging machinery and equipment, refrigeration equipment, power generating sets, equipment and instruments for testing, research and development, quality and pollution control.
Importance of Capital goods for country's economy– Capital Goods is considered as a strategic sector and development of domestic capabilities is essential from a national self-reliance and security perspective – Capital Goods sector has multiplier effect and has a bearing on the growth of user industries as it provides critical inputs, i.e., machinery and equipment to the remaining sectors covered under the manufacturing activity.