Manufacturing Current Affairs - 2020
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Department of Industrial Policy and Promotion (DIPP) of Union Government has given its final approval to Kerala Government’s approval to set up India’s first Defence Industrial Park at Ottappalam.
Proposal in this regard was forwarded by Kerala Industrial Infrastructure Development Corporation (Kinfra), a Kerala government owned Public Sector Company.
- The proposed defence park will be established as part of Union Government’s flagship Make in India programme and state government’s Make in Kerala project.
- It will have modern common infrastructure facilities aimed at attracting component manufacturers in the defence industry.
- Union government also has agreed to bring the park under the Modified Industrial Infrastructure Upgradation Scheme (MIIUS).
- The park would be established in 60 acres of land at cost of Rs. 231 crore with the financial help of Central and State government.
- Union government will invest Rs 50 crore in it while the rest of the amount would be met by the State government.
Ottappalam was selected for the defence park keeling in view its strategic location in terms connectivity and other common facilities such as dedicated power and water supply along with infrastructure for the research and development centre.
Implications: This defence park will play important role bridging the gap related to defence components manufacturing sector. This sector has demand estimated at 700 million dollars a year from India and other countries having friendly relationship with it. It will also provide platform for export of products related to defence from small- and medium-sized enterprises (SMSEs).
Tags: Business • Current Affairs 2016 • Defence • DIPP • Economy
Union Government has launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy (NMP), 2011.
It was launched by Union Minister of State (MoS) for Commerce & Industry Nirmala Sitharaman in New Delhi.
- TADF will facilitate Micro, Small & Medium Enterprises (MSME) to acquire clean, green and energy efficient technologies.
- It will also catalyse the manufacturing growth in MSME sector with an aim to contribute to ‘Make in India’ initiative.
- Implementation: The scheme will be implemented through Global Innovation and Technology Alliance (GITA) which is a joint venture company of CII and Department of Science & Technology. GITA was launched in 2007-08 to stimulate private sector’s investment in Research and Development.
- Direct Support for Technology Acquisition: Proposals will be invited for reimbursement of 50 per cent or up to 20 lakh rupees of technology transfer fee from Indian industry.
- In-direct Support for Technology Acquisition through Patent Pool: TADF will provide financial support to MSME’s to acquire patent from across the world based on applications.
- Patent/Technology would be licensed to selected MSME’s and they will get a subsidy of 50 per cent of mutually agreed value or upto 20 lakh rupees.
- Technology/Equipment Manufacturing Subsidies:TADF will support manufacturing of equipment for reducing energy consumption, controlling pollution and water conservation.
- In this regard, subsidy of up to 10 per cent of capital expenditure and machinery will be provided to the manufacturing units subjected to a maximum of 50 lakh rupees.
- Green Manufacturing–Incentive Scheme: TDAF seeks to facilitate resource conservation activities in industries located in National Investment and Manufacturing Zone (NIMZ).
- In this regard, financial support for under incentive or subsidy schemes will be provided for construction of green buildings, energy or water audits and implementation of waste treatment facilities.
Tags: Current Affairs 2016 • Government policy • Government Schemes • Manufacturing • MSME