INCREASE IN PRODUCTION OF CAPITAL GOODS SECTOR

INCREASE IN PRODUCTION OF CAPITAL GOODS SECTOR

The increase in the production in the capital goods sector since 2020-21;

(in Rs. crore)

S.N.

Sub-Sector of capital Goods

2020-21

2021-22

2022-23

2023-24

2024-25*

1

Machine Tools-Production

6602

9307

11956

13571

14286

2

Dies, Moulds and Press Tools

12294

13128

13915

15600

18400

3

Textile Machinery

5093

11658

14033

14639

10461

4

Printing Machinery-Production

10058

13215

16107

23479

29716

5

Earthmoving and Mining Machinery

29021

28674

37551

73000

80750

6

Plastic Processing Machinery- Production

3710

3850

3912

4310

4827

7

Food Processing Machinery

10250

12210

13203

13863

15249

8

Process Plant Equipment

21938

24000

23415

27396

31505

9

Heavy Electrical Equipment

167706

219158

258832

302900

372200

*Estimated data for FY 2024-25

Source: Industry Associations namely IEEMA, IMTMA, TAGMA, AFTPAI, PMMAI, PPMAI, TMMA, ICEMA and IPAMA

As per the present estimates, the Capital Goods Industry contributes about 1.9% of GDPof the country.

On January 25, 2022, Ministry of Heavy Industries (MHI) launched the “Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector- Phase-II” for providing assistance to Common Technology Development and Services Infrastructure with total financial outlay of Rs. 1207 crores with budgetary support of Rs.975 crores and Industry Contribution of Rs.232 crores.Under the Scheme, a total of 33 projects have been approved. These 33 projects include 9 Centres of Excellence (CoEs), 5 Common Engineering Facility Centres (CEFCs), 7 Testing and Certification Centres, 9 Industry Accelerators for Technology development and 3 projects for Creation of Qualification Packs (QPs) for skill level 6 and above. 

This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.