https://www.taxtmi.com/news?id=13393 The government approved a scheme to enhance competitiveness in the capital goods sector through five components: Advanced Centres of Excellence for R&D; Integrated Industrial Infrastructure Facilities (Machine Tool Parks) formed and operated by SPVs to provide production ecosystems and reduce logistics costs; a Common Engineering Facility for textile machinery offering shared services via SPVs; a Testing and Certification Centre for earthmoving machinery to support mandatory testing and limit outdated imports; and a Technology Acquisition Fund to co fund acquisition and development of strategic technologies, financed by public budgetary support and industry contributions. en-us Tue, 16 Sep 2014 10:10:14 +0530 Tue, 16 Sep 2014 10:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13393 The government approved a scheme to enhance competitiveness in the capital goods sector through five components: Advanced Centres of Excellence for R&D; Integrated Industrial Infrastructure Facilities (Machine Tool Parks) formed and operated by SPVs to provide production ecosystems and reduce logistics costs; a Common Engineering Facility for textile machinery offering shared services via SPVs; a Testing and Certification Centre for earthmoving machinery to support mandatory testing and limit outdated imports; and a Technology Acquisition Fund to co fund acquisition and development of strategic technologies, financed by public budgetary support and industry contributions. News - Tue, 16 Sep 2014 10:10:14 +0530 https://www.taxtmi.com/news?id=13393