The govt. has set up a 22-member inter-ministerial committee in strengthening the Capital Goods (CG) Sector through interventions that help the CG Sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector. The IMC will help DHI in taking a holistic view for all the issues pertaining to the CG Sector. The Committee will look into on all such issues pertaining to the Capital Goods Sector including technology development, mother technology development, global value chains, testing, skill training, global standards, reciprocity issues, custom duties to make this sector globally competitive and to become the manufacturing hub for the world.

In another move that re-affirms India’s seriousness to ‘walk the talk’ on climate change, the Ministry of Environment, Forest and Climate Change (MoEFCC) has constituted a high-level inter-ministerial Apex Committee for Implementation of Paris Agreement (AIPA) under the chairmanship of Secretary, MoEFCC. The purpose of AIPA is to generate a coordinated response on climate change matters that ensures India is on track towards meeting its obligations under the Paris Agreement including its Nationally Determined Contributions (NDC). Another key function of AIPA would be to operate as a National Authority to regulate carbon markets in India under Article 6 of the Paris Agreement.