Union Minister for Heavy Industries HD Kumaraswamy today unveiled and digitally launched the Impact Report of the Ministry of Heavy Industries (MHI) Industry Accelerator Project in New Delhi.
Mr Kumaraswamy said that the event marked the conclusion of the MHI Industry Accelerator Project and highlighted the importance of building domestic technological and manufacturing capabilities.
The Minister said that the vision of Atmanirbhar Bharat requires India to move beyond being a large market for advanced technologies and develop the capacity to manufacture and export them. Mr Kumaraswamy said that the MHI Industry Accelerator Programme have provided more than 35 crore rupees in Grant-in-Aid for 10 technologies, with the objective of supporting their progression from Technology Readiness Level 3 to Level 9.
Highlighting the scale of support extended under the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector – Phase II, he said that the scheme has a total financial outlay of one thousand 207 crore rupees and aims to support common technology development and services infrastructure. He added that under the scheme, 33 projects have been approved.
