As the foundation of numerous industries, the capital goods sector is crucial to manufacturing. With a US$32 billion production value and a US$92 billion overall market size, the capital goods sector currently accounts for 1.8% of India’s GDP and 12% of its industrial output. There are currently 1.4 million workers in the capital goods sector, and by 2017, that number is expected to rise to 2.8 million. Despite having the potential to grow to almost INR 7 lakh crore in the next four to five years, the industry is now experiencing low off-take because of a lack of demand both domestically and internationally. Over 35 top corporations and six sub-sector associations are represented on ITA’s National Committee on Capital Goods and Engineering. It works closely with the Department of Heavy Industry to encourage the growth and development of the sector. One of the major element for this committee for the coming year