Capital goods sector scheme gets Cabinet nod

September 16, 2014 12:17 am | Updated 12:17 am IST - NEW DELHI:

The Cabinet Committee on Economic Affairs, on Monday, approved over Rs.930-crore scheme to enhance competitiveness in the capital goods sector with an aim to boost the economy.

On implementation, this scheme will attempt to make the Indian capital goods sector globally competitive, an official statement said.

“The gross budgetary support from the government for the scheme would be Rs.581.22 crore and the balance Rs.349.74 crore by the stakeholder industries.”

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