Working towards actualizing the concept of “Made in India”, the Indian Government has announced a Rs. 20,000-crore scheme dedicated for competitiveness enhancement of SMEs (capital goods sector). The first phase of the scheme, with an investment of Rs. 930 crore, will focus on developing specified technologies for three sectors including textiles. “Under the two-and-a-half years long phase 1, special centres will be set up in Surat, Bangalore, and Punjab. The funding for the entire scheme will be split between the government and the industry in a ratio of 80-20 per cent,” said Anant Geete, Heavy Industry Minister. Further he added that the Cabinet has decided to set up such centres in every State.
