<h1>Make in India Boosts Capital Goods Sector: Production Doubles Since 2014 Under National Policy Targeting 20% Manufacturing Share</h1> India's capital goods sector has experienced significant growth under the Make in India initiative, with production increasing from 2,29,533 crore in 2014-15 to 4,29,001 crore in 2023-24. The National Capital Goods Policy (2016) aims to boost the sector's contribution to manufacturing from 12% to 20% by 2025. The government has implemented two phases of the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector, with a combined financial outlay exceeding 2,200 crores. Achievements include establishing 8 Centers of Excellence, 15 Common Engineering Facility Centers, and developing 30 indigenous technologies. Recent innovations include a high-efficiency submersible pump and testing facilities for EV batteries.