Thursday, 19 November 2015

Union Government launches Technology Acquisition & Development Fund under National Manufacturing Policy

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.

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Union Government launches Technology Acquisition & Development Fund under National Manufacturing Policy

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