Launch of Technology Acquisition and Development Fund under National Manufacturing Policy

Launch of Technology Acquisition and Development Fund under National Manufacturing Policy

Ques: Recently, when government has launched Technology Acquisition and Development Fund (TADF) under National Manufacturing Policy?

(a) November 19, 2015
(b) November 18, 2015
(c) November 20, 2015
(d) November 15, 2015

Ans: b

Related facts:

  • November 18, 2015 Minister of State for Commerce & Industry (I/C) Mrs. Nirmala Sitharaman has launched Technology Acquisition and Development Fund (TADF) under National Manufacturing Policy being implemented by Department of Industrial Policy & Promotion (DIPP).
  • TADF is a new scheme to facilitate acquisition of Clean, Green & Energy Efficient Technologies, in form of Technology / Customised Products / Specialised Services / Patents / Industrial Design available in the market available in India or globally, by Micro, Small & Medium Enterprises (MSMEs).
  • This scheme would be implemented through a joint venture company Global Innovation and Technology Alliance (GITA).
  • Under this scheme Micro, Small & Medium Enterprises (MSMEs) have considered to provide support in the following ways:
  • Proposals from Indian industry will be invited for reimbursement of 50% of technology transfer fee or Rs. 20 lakhs, whichever is lower.
  • Technology/Patent will be licensed to selected companies, with a mutually agreed value and the selected companies will get a subsidy of 50% of the mutually agreed value or Rs. 20 lakhs.
  • The manufacturing units will be provided with a subsidy of up to 10% of capital expenditure incurred on new plant & machinery subject to a maximum of Rs. 50 lakhs.
  • Green Manufacturing – Incentive Scheme: The scheme will facilitate resource conservation activities in industries located in National Investment & Manufacturing Zone (NIMZ).

Reference:

http://pib.nic.in/newsite/PrintRelease.aspx?relid=131673

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