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Ministry of Heavy Industries and NRDC Collaborated

Published on May 21, 2022
Current Context: Ministry Of Heavy Industries has collaborated with the National Research Development Corporation to implement the scheme to Enhancement the competition in Indian Capital Goods.
  • As per the agreement, NRDC will conduct the evaluation and management of intellectual property, and asl provide commercialization support for capital goods.
  • The Vision of the MoU is to make India the global manufacturing hub for capital goods.
  • The financial outlay provided for this scheme was Rs. 1207 crores with Budgetary support of Rs.975 crore and Industry Contribution of Rs.232 crore.
  • With the help of this mission, they can able to generate many employment opportunities which inturns boost the domestic growth of Industries under the Atmanirbhar Bharat Mission.
  • The Phase-2 Of the scheme has been announced to support common technology development and service infrastructure.
  • This Scheme will not pave the way for investment in technology up-gradation but also helps to improve skill development and augmentation of modern manufacturing capacities which leads to the holistic growth of Industry.

Static Part:

  • NRDC: National Research Development Corporation
  • Works Under: Dept of Scientific & Industrial Research, Under Ministry of Science & Technology
  • Established: 1953


Ques: 1. Ministry Of Home Affairs has collaborated with which of the following organization to provide technical support for the Capital goods Industry?
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