Govt mulls scheme to set up Industrial Machine Tool Park

Aiming to boost competitiveness of the country's capital goods sector, the government is mulling over a scheme which proposes to establish an Industrial Machine Tool Park in PPP mode, Parliament was informed today.
"A Scheme on enhancement of competitiveness in the Indian Capital Goods sector is under consideration of the government. The scheme is yet to be approved by the Cabinet Committee of Economic Affairs.
"The Scheme envisages, inter alia, setting up an Industrial Machine Tool Park through Public Private Partnership (PPP) at an estimated cost of Rs 400 crore," MoS Heavy Industries & Public Enterprises P Radhakrishnan said in a written reply in the Lok Sabha.

The government proposes to develop modern industrial parks for the Capital Goods industry during the current five-year Plan (2012-17).