Cabinet approves 1st ever Capital Goods Policy
Aiming to create 21 million new jobs by 2025, the Union Cabinet on Wednesday approved India's first-ever National Capital Goods Policy. It aims to create an ecosystem for a globally competitive capital goods sector and increase production to over ₹7.5 lakh crore from the current ₹2.3 lakh crore by 2025. Notably, capital goods are those used in manufacturing other goods.