The Union Cabinet has given its approval for National Capital Goods Policy. This is first-ever policy for capital goods sector with a clear objective of increasing production of capital goods from Rs 2,30,000 crore in 2014-15 to Rs 7,50,000 crore in 2025 and raising direct and indirect employment from the current 8.4 million to 30 million. The policy envisages increasing exports from the current 27 per cent to 40 per cent of production. It will increase the share of domestic production in India?s demand from 60 per cent to 80 per cent thus making India a net exporter of capital goods. The policy will help in realising the vision of ?Building India as the World class hub for Capital Goods?.