Setting up of New Mini Tool Rooms (MTRs) under Public Private Partnership (PPP) Mode

Organisation

National Manufacturing Competitiveness Programme (NMCP)

Objective

The objective is: To improve the competitiveness of the MSMEs engaged in manufacturing activity by creating capacities in the private sector for designing and manufacturing quality tools; To bridge the gap between the demand and the supply of trained manpower in the industry; To encourage research and development, and optimization of cost and quality of delivery, leading to enhanced competitiveness of the manufacturing sector.

Eligibility

Assistance under the Scheme will be available to a Special Purpose Vehicle termed as ‘Project Company’ for the purpose of the Scheme, established for the purpose of setting up a Mini Tool Room and constituted as a distinct legal entity by private sector sponsors. The Project Company may be a distinct legal entity formed by any of the following: i. Individual enterprises ii. Consortium of enterprises iii. Industry Association iv. Enterprise(s)/ Industry Association jointly with the State Government.

Brief

The Scheme termed as ‘Setting up of New Mini Tool Rooms (MTRs) under Public Private Partnership (PPP) Mode’ is a Central Sector Scheme and would be implemented during 11th Five year plan. The Scheme will be implemented on a Public Private Partnership mode and Government would provide funds to meet a part of the Project cost, the extent of which would be determined through a competitive bidding process. Towards this purpose, the Government will invite proposals for specific Projects, based on needs and identified through a survey in
that regard.