A Scheme for enhancement of competitiveness in the Indian Capital Goods Sector is in operation since 2014. One of the Scheme components is setting up Centre of Excellence (CoE) for technology development. The component provides for setting up CoE at national centres of excellence in educational and technology such as Indian Institute of Technologies (IIT) and Central Manufacturing Technology Institute (CMTI).
Under the Capital Goods Scheme, CoEs have been set up in the Institutes of national repute like Indian Institute of Technology (IIT) Madras, Chennai, Central Manufacturing Technology Institute (CMTI), Bangalore and PSG College of Technology, Coimbatore.
Hi-tech Shuttle less Looms are being developed in CMTI, Bangalore. In IIT Madras, 11 machine tool technologies are being developed and 3 welding technologies are being developed in PSG College of Technology, Coimbatore.
This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today.