Under ‘Enhancement of Competitiveness in the Indian Capital Goods Sector – Phase 2’ Scheme, a total of Rs 326.14 crores sanctioned so far

Ministry of Heavy Industries is implementing the Scheme for ‘Enhancement of Competitiveness in the Indian Capital Goods Sector – Phase 2’ in order to facilitate adoption of Industry 4.0 and to promote investments in manufacturing sector, indigenization of technologies and creation / augmentation of common service infrastructure / Testing facilities.  An amount of Rs. 250 crores has been allocated under this Scheme for Financial Year 2023-24.

Under Scheme for ‘Enhancement of Competitiveness in the Indian Capital Goods Sector – Phase 2’, a total of Rs 326.14 crores have been sanctioned so far.  The amount is being utilized by the Project Implementing Organizations for development of niche technologies related to Capital Goods and Automotive Sector, establishment of Common Engineering Facility Centres, Augmentation of existing Testing & Certification Facilities and Development of Qualification Packs for the Skill Level 6 and above.

MHI formulated Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from 1^st April, 2019 with a total budgetary support of Rs. 10,000 crores.  An amount of Rs. 5171.97 crores has been allocated under this Scheme for Financial Year 2023-24.

FAME India Phase II Scheme focuses on supporting electrification of public & shared transportation and creation of charging infrastructure:

A designated portion of budget is utilized for creating awareness and advocacy of EVs and advanced technology.

Under FAME India Phase II Scheme, subsidy amount to Rs. 5228 crore has been given to electric vehicle manufacturers on sale of 11,53,079 number of electric vehicles as on 01.12.2023. A total of 148 EV Public Charging Stations (PCS) have been commissioned. On 28.03.2023, MHI announced the sanction of Rs.800 crore under FAME II to the PSU Oil Marketing Companies (OMC) – Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) – for setting up 7432 public fast charging stations across the country. Further, MHI sanctioned 6862 electric buses to various cities/STUs/State Govt. entities for intracity operations. Out of 6862 e-buses, 3491 e-buses have been supplied to STUs as on date.

Summary of budget allocation to Ministry of Heavy Industries (MHI) for the year 2023-24 is at Annexure.

This information was given by the Minister of State for Heavy Industries, Shri Krishan Pal Gurjar, in a written reply in Lok Sabha today.

****

BY/ TFK

Annexure

Demand No.48 – Ministry of Heavy Industries 

Scheme-Wise Allocations for the year 2023-24 

(Rs. in Crore)