The policy aims to increase direct domestic employment from the current 1.4 million to at least 5 million.
- Govt approves Capital Goods Policy, aims 21-mn new jobs
- 21:35 HRS IST
- New Delhi: Union Cabinet today approved the first-ever policy for the country's capital goods sector envisaging creation of over 21 million new jobs by 2025. The objectives of the National Capital Goods Policy are to create an ecosystem for a globally competitive capital goods sector to achieve total production in excess of Rs 7.5 lakh crore by 2025 from the current Rs 2.3 lakh crore, according to a government spokesperson.