Ministry of Heavy Industries and NRDC Collaborated

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

Question

Ques: 1. Ministry Of Home Affairs has collaborated with which of the following organization to provide technical support for the Capital goods Industry?
A
.NRDC
B.NIC
C.CERT-In
D.NITI Ayog

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience