National Policy on Capital Goods (NPCG) 2016 envisages:
- Increasing production of capital goods from ~$43.2bn in 2014-15 to $115bn in 2025 raising direct and indirect employment from the current 8.4 million to ~30 million
- Increasing exports from the current 27% to 40% of production 
- Increasing share of domestic production in India's demand from 60% to 80%
-100% FDI allowed under automatic route

In order to bring about a quantitative and qualitative change and to give necessary impetus to the manufacturing sector, the Department has notified the National Manufacturing Policy (NMP) with the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade or so. 

a)Incentives for infra development on PPP basis
b)17 NIMZs -  8 under the DMIC and 9 outside it. In-principle approval to 12 NIMZs
c)Access to finance for SMEs
d)Promote green initiatives by providing 5% interest in reimbursement and 10% as capital subsidy for production of equipment controlling pollution, conserving water etc. 

To make India the country of choice for the production of electrical equipment and to reach an output of USD 100 b by balancing exports and imports. Areas of focus include technology and R&D; lowering of customs duties on a range of equipment; setting up of the Electrical Equipment Skill Development Council (EESDC); Indian Electrical Equipment Industry Mission Plan 2022; the establishment of electrical equipment industry clusters; the enhancement of product-testing infrastructure in the country; an increase of shares in the export market and financial support.