more-inThe Department of Heavy Industry is looking at providing financial support to the valve sector for development of technology and common facilities. Mr. Chavre told The Hindu that the government has allocated ₹581 crore to take up pilot projects under the Enhancement of Global Competitiveness of Indian Capital Goods Sector scheme. For the valve sector, the department is in talks with units in Hubli and Coimbatore. While Coimbatore has 15-20 valve manufacturers and about 100 vendors, in Hubli, the sector is four times larger. There are two kind of requirements for the valve sector: product development and common engineering facility.

Source: The Hindu January 23, 2018 16:41 UTC