(a) the growth registered in various industries of the country such as heavy engineering equipment and machine tools, automotives. heavy electrical engi- neering etc., during each of the last three years and the current year, sector-wise;
(b) whether the Government has achieved the growth target in the fields during the said period;
(c) if not, the reasons therefor; and
(d) the remedial measures taken by the Government to encourage these sectors to meet the targets?
MINISTER OF STATE IN THE MINISTRY OF HEAVY INDUSTRIES ANP PUBLIC ENTERPRISES (SHRI G.M. SIDDESHWARA)
(a):
(R.s. in crore)
Industry Sector 2012-13 2013-14 2014-15 Growth (Est.)# (%)
Heavy Engineering 57360 60231 64525 7.13 Equipment & Machine Tools Heavy Electrical and 134375 131825 129782 (-)1.55 power plant equipment Automobile Sector 511710 489165 529522 8.25
# Note: Figures are as per estimates of industry associations
(b):
(Rs. in crore)
2012-13 2013-14 2014-15 Target Actual Target Actual Target (Est.)#
Heavy Engineering Not 57360 67055 60231 65610 64525 Equipment &. Machine fixed Tools Heavy Electrical and Not 134375 138240 131825 140000 129782 power plant equipment fixed Automobile Sector Not 511710 540543 489165 57Q000 520522 fixed
# Note: Figures are as per estimates of industry associations
(c): The targets were not achieved due to general economic slowdown leading to lower investment by user sector.
(d): For Capital Goods, the reduction in Excise Duty from 12% to 10% has been extended till 31.12.2014 to help industrial growth.
For 2015- 16, the reduction in customs duty from 7.5% to 2.5% on specific machine tools components during current budget would help in enhancing growth in production in Machine Tool Sector.
The Government has also launched a Scheme on enhancement of competitiveness in the Indian Capital Goods Sector which envisages infrastructural interventions like setting up of (i) Centers of Excellence for technology development (ii) Common Engineering Facility Centers, (iii) Integrated Industrial Infrastructural Centre and (iv) Test & Certification Center. The scheme also envisages financial interve- ntion through the component Technology Acquisition Fund Programme for acquisition/ transfer of technology. The Scheme has been notified on 5.11.2014 and is under imp- lementation. The Notification is also available in the Departmental website dhi.mc.in
For Automobile Sector, Government reduced excise duty on vehicles until December, 2014 to help the industry revive from slowdown, as under;
(i) For Small Cars, 2 wheelers and 3 wheelers and commercial vehicles from 12% to 8%.
(ii) For SUV from 30% to 24%.
(iii) On cars of length more than 4000 mm but engine capacity less than 1500 cc from ZW TO 20%.
(iv) On cars of length more than 4000 mm and engine capacity above 1500 ec from 27% to 24%.