approved, as per para 6.5. The budgetary support for both the proposals would be limited to Rs 1.1 crore and Rs .3820 crore respectively. Proposal from Heavy Engineering Corporation (HEC) for opening centers for specialization in forging, welding, gear manufacturing and ESR technology under CEFC component of the Scheme approved, subject to broadbasing of plan and other observations listed in para 7.6. The following issues may be placed before the Review Committee (i) Relaxation of the provision in Para 10 g of Notification regarding funding pattern through Government R&D Institution in case of TAFP proposals from HMT Machine Tools Ltd. (ii) Treating HMT Machine Tools Limited as an SPV with reference to its proposal to set up a Training and Skill Development Centre under CEFC component of the Scheme, in relaxation of Para 8.2 of Notification regarding formation of SPV for setting up CEFC and (iii) Allowing flexibility in the components of the ceilings within the Scheme especially in CEFC component which has elicited favourable response from the Industry. 9. The Meeting with thanks to the Chair. ………
approved, as per para 6.5. The budgetary support for both the proposals would be limited to Rs 1.1 crore and Rs .3820 crore respectively. Proposal from Heavy Engineering Corporation (HEC) for opening centers for specialization in forging, welding, gear manufacturing and ESR technology under CEFC component of the Scheme approved, subject to broadbasing of plan and other observations listed in para 7.6. The following issues may be placed before the Review Committee (i) Relaxation of the provision in Para 10 g of Notification regarding funding pattern through Government R&D Institution in case of TAFP proposals from HMT Machine Tools Ltd. (ii) Treating HMT Machine Tools Limited as an SPV with reference to its proposal to set up a Training and Skill Development Centre under CEFC component of the Scheme, in relaxation of Para 8.2 of Notification regarding formation of SPV for setting up CEFC and (iii) Allowing flexibility in the components of the ceilings within the Scheme especially in CEFC component which has elicited favourable response from the Industry. 9. The Meeting with thanks to the Chair. ………
Apexminutes28012016.docx