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Cabinet approves National Capital Goods Policy 2016

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Prime Minister Shri Narendra Modi has approved National Capital Goods Policy 2016.

  • First ever policy for Capital Goods sectorcapital goods policy


  • Increasing production of capital goods from 2,30,000 crore in 2014-15 to Rs.7,50,000 crore in 2025
  • Raising direct and indirect employment from the current 8.4 million to 30 million
  • The policy forecasts increasing exports from the current 27 % to 40 % of production
  • Increase the share of domestic production in India’s demand from 60 % to 80 %


  • To facilitate improvement in technology depth across sub-sectors
  • Increaseskill availability
  • Ensure mandatory standards
  • Promote growth and capacity building of MSMEs

Making Vision:

  • The Policy tend to realising the vision of ‘Building India as the World class hub for Capital Goods’
  • Play a pivotal role in overall manufacturing as a basement to the vision of ‘Make in India’.


Presented by the Dept. of Heavy Industry to the Prime Minister in the ‘Make in India’ workshop held in December, 2014

The aim of the policies:

  • Game changing strategies for the capital goods sector
  • Availability of finance, raw material, innovation and technology, productivity
  • Quality and environment friendly manufacturing practices
  • Promoting exports and creating domestic demand

Cabinet gives ex-post facto approval to establishment of the National Institute of Technology, Andhra Pradesh

The Union Cabinet arranged ex-post facto approval for establishment of NIT, Andhra Pradesh which has been registered as a Society under the Andhra Pradesh Societies Registration Act, 2001 with effect from 20th August 2015

Bill: National Institutes of Technology, Science Education and Research (Amendment) Bill, 2016

Purpose: Inclusion of the NIT, Andhra Pradesh in its First Schedule

Funded by: Government of India

Managed by: Society registered under the Andhra Pradesh Societies Registration Act, 2001