Planning Commission constituted a Working Group on Capital Goods and Engineering Sector for the 12th Five Year Plan (2012-2017)
Planning Commission (Industry Division) has constituted a Working Group on Capital Goods and Engineering Sector for the 12th Five Year Plan (2012- 2017) vide their OM No. I&M-3(28)/2011 dated 18th May, 2011 under the Chairmanship of Secretary, Department of Heavy Industry to be submitted to the Chairman of the Steering Committee on Industry, Planning Commission by 30th August, 2011.
Objectives set for manufacturing sector in 12th Five year plan by Planning Commission are as under
Increase manufacturing sector growth to ~2-4% more than GDP growth to make it the engine of growth for the economy and increase share to ~25% of overall GDP by 2025
Increase the rate of job creation in manufacturing to create ~100M additional jobs by 2025
Increase "depth" in manufacturing, with focus on the level of domestic value addition
Enhance global competitiveness of Indian manufacturing through appropriate policy support
Ensure sustainability of growth, particularly with regard to the environment
1st Meeting of the Working Group held on 29th June, 2011 under the Chairmanship of Shri S. Sundareshan, Secretary, Department of Heavy Industry.
The Working Group has created seven sub-groups for the different subsectors of the capital goods & Engineering Sectors. Seven sector-wise, subgroups, are machine tools & plastic processing machinery, earth moving and mining equipment, heavy electrical and power plant equipment, metallurgical machinery, textile machinery, process plant equipment, engineering goods and dies, molds & tool industry. The methodology consisted of inviting information/suggestions from all the stake holders, such as industry associations, centres of excellence and major PSUs etc. The inputs were deliberated in-depth at various forms, before finalizing the report.
The President of IMTMA was asked to lead sub group on machine tools and make the industry recommendation on the measures to be included in the 12th Five Year plan for the development of the industry. The sub group has submitted its recommendations to the ministry after holding deliberations amongst its members.
Based on the inputs received from various sub groups, the DHI has submitted its final report on measures to be included for the capital goods and engineering sectors to the planning commission. These are now being reviewed by the government and it is expected that suitable measures will be included in the final 12th Five year plan document. IMTMA will keep its members informed about further developments as it takes place.
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