Ques: According to recently released National Capital goods policy-2016, how much it is aimed to increase the production of capital goods by 2025?
(a) Rs 3,50,000 Crore
(b) Rs 7,50,000 Crore
(c) Rs 6,50,000 Crore
(d) Rs 5,00,000 Crore
Ans (b)
Related facts:
- To promote growth in the capital goods sector, government has released National Capital goods policy-2016 on 15 February 2016.
- The announcement has been made by the Union Minister of Heavy Industry and Public Enterprises Anant Ganga Ram Geete during the Make In India week (13-18 February 2016) in Mumbai.
- The policy expects increasing exports from the current 27% to 40% of production.
- It will also increase the share of domestic production in India’s demand from 60% to 80%.
- The policy has been launched with a clear objective of increasing production of capital goods from Rs. 230,000 Cr in 2014-15 to Rs. 750,000 Cr in 2025.
- It also aims at raising direct and indirect employment from the current 8.4 million to 30 million.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=136430
http://dhi.nic.in/writereaddata/Content/Capital%20Goods%20Report.pdf