Indian Machine Tool Manufacturers' Association

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IMTMA Training


GIMT 2015


Department of Heavy Industry (DHI),
Ministry of Heavy Industries & Public Enterprises, Govt. of India


As you may aware, Department of Heavy Industry (DHI), Ministry of Heavy Industries & Public Enterprises, Govt of India has launched the Technology Acquisition Fund Programme (TAFP), notified vide gazette notification no. 7/6/2011-HE & MT dated 5th November 2014, to enhance the competitiveness in Capital & Good Sector, a niche scheme for enabling Outright Acquisition of Technology focusing on prominent Capital Goods sectors under the 12th Five year Plan.

TAFP scheme would be Technically & Administratively managed by Global Innovation & Technology Alliance (GITA), GITA is a not-for-profit section-8 company jointly promoted by Technology Development Board, Department of Science & Technology, Government of India and Confederation of Indian Industry. This is an industry driven transformation scheme aiming towards acquisition of breakthrough technologies in a short span of time from across the Globe. Please log on to ( for more information about this scheme. 

Technology Acquisition Fund Programme (TAFP) scheme will focus primarily on following sectors viz (a) Machine  Tools, (b) Textile Machinery, (c) Heavy Electrical & Power plant Equipment, (d) Earth Moving and Mining Equipment, (e) Plastic Processing Machinery, (f) Process & Plant Machines, and (g) Metallurgical Machinery.

Indian Capital Good Sector Units or their Consortium/Clusters may avail Grant up to 25% of the cost of the above defined Technology Acquisition subjected to maximum limit of INR 10 Crores (Ten Crores only) per technology. Next round of Request For Proposal (RFP) is closing on Jan 31, 2017 (extended recently).  

For more info click here

For brochure click here

Indian Machine Tool Manufacturers’ Association; Head Office : 10th Mile, Tumkur Road, Madavara Post, Bengaluru, Karnataka (India) 562123; Regd. Office : Plant No.13, Extension Office, Godrej Campus, Vikroli East, Mumbai – 400079
CIN : U29290MH1973GAP016420; Tel : 91-80- 66246600; Email :; Contact in case of queries & grievances : V Anbu, CEO & Director General
(Please send all communications to Head Office)

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