National Capital goods policy, HIEMDA
Q. HIEMDA Scheme is related to- Published on 16 Feb 16a. Capital Goods
b. Housing Sector
c. Stock Market development
d. Insurance Sector
ANSWER: Capital Goods
- Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)
- The key policy recommendations in National Capital goods policy include strengthening the existing scheme of the DHI (Department of Heavy Industry) on enhancement of competitiveness of Capital Goods sector by increasing budgetary allocation and increasing its scope to further boost global competitiveness in various sub sectors of Capital Goods, enhancing the export of Indian made capital goods through a ‘Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)’.
- It has also made provision for launching a Technology Development Fund, upgrading existing and setting up new testing & certification facility, making standards mandatory in order to reduce sub-standard machine imports and at the same time providing opportunity to local manufacturing units by utilizing their installed capacity and launching scheme of skill development for Capital Goods sector.
