The Union Government has been launched the Technology Acquisition & Development Fund (TADF) under the National Manufacturing Policy (NMP), 2011. It was launched by the Union Minister of State for Commerce and Industry Nirmala Sitharaman in New Delhi.
Key facts:
- TADF will facilitate Micro, Small and Medium Enterprises to acquire clean,
- green & energy efficient technologies.
- It will also catalyse the manufacturing growth in MSME sector with an aim to contribute to ‘Make in India’ initiative.
- Implementation:
- The scheme will be implemented through the Global Innovation & Technology Alliance which is a joint venture company of CII and Department of Science & Technology. GITA was launched in 2007-08 to stimulate private sector’s investment in Research & Development.
- Direct Support for Technology Acquisition:
Proposals will be invited for reimbursement of 50 % or up to 20 lakh rupees of technology transfer fee from Indian industry. - Indirect Support for Technology Acquisition through Patent Pool:
TADF will provide financial support to MSME’s to acquire patent from across the world based on applications. Patent Technology would be licensed to selected MSME’s and they will get a subsidy of 50 % of mutually agreed value or upto 20 lakh rupees.
- Technology/Equipment Manufacturing Subsidies:TADF will support manufacturing of equipment for reducing energy consumption, controlling pollution or water conservation. In this regard, subsidy of up to 10% of capital expenditure and machinery will be provided to the manufacturing units subjected to a maximum of 50 lakh rupees.
- Green Manufacturing Incentive Scheme: TDAF seeks to facilitate resource conservation activities in industries located in National Investment & Manufacturing Zone (NIMZ).
- In this regard, financial support for under incentive or subsidy schemes will be provided for construction of green buildings, energy or water audits and implementation of waste treatment facilities.
Union Government launches Technology Acquisition & Development Fund under National Manufacturing Policy
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