Limited ability of MSMEs to develop new products, processes: Draft National Policy on Capital Goods

摘要

There is limited ability of MSMEs to develop new products & processes; low awareness of standards; inadequate access to capital, said the draft national policy on capital goods while highlighting the issues related to sub-scale units. The National Democratic Alliance (NDA) government released the draft of a National Capital Goods Policy that envisages increasing the share of capital goods from 12% to 20% of total value manufacturing by 2025.