Govt sets up inter-ministerial committee to strengthen capital goods sector

December 7, 2020 2:20 pm

The Indian government has set up a 22-member inter-ministerial committee in strengthening the capital goods (CG) sector through interventions that help the CG sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector.

Informing about the same, Minister for Heavy Industries and Public Enterprises, Prakash Javadekar expressed happiness and said in a tweet message that the committee will work out ways and means to make the capital goods sector globally competitive and to become the manufacturing hub for the world.

“The 21 member inter-ministerial committee, headed by Secretary of Department of Heavy Industry will work out ways and means to make the capital goods sector globally competitive and to become the manufacturing hub for the world,” he said.