Capital Goods Policy 3.0: Government Expansion Plan to Cover Key Sectors | News

The Centre is considering expanding the scope of its capital goods policy to include key sectors such as defence, railways, pharmaceuticals, steel and others. The Ministry of Heavy Industry (MHI) has already set up a joint task force to develop the National Capital Goods Policy 2025.

MHI has also established six working groups, comprising representatives from various ministries, departments, industries and industry associations, to gather views on specific sectors.

The working groups will focus on increasing domestic demand, improving trade balance, promoting India as a manufacturing hub, building an information technology ecosystem, increasing research and development activities, leveraging digital technology,