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Launch of Technology Acquisition and Development Fund under National Manufacturing Policy

Dated:- 19-11-2015 - Minister of State for Commerce & Industry (I/C), Mrs. Nirmala Sitharaman, launched on 18.11.2015 the Technology Acquisition and Development Fund (TADF) under National Manufacturing Policy being implemented by Department of Industrial Policy & Promotion(DIPP). TADF is a new scheme to facilitate acquisition of Clean, Green & Energy Efficient Technologies, in form of Technology / Customised Products / Specialised Services / Patents / Industrial Design available in t .....

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would be implemented through Global Innovation and Technology Alliance (GITA), a joint venture company, support to MSME units is envisaged by the following: I. Direct Support for Technology Acquisition- Proposals from Indian industry will be invited for reimbursement of 50% of technology transfer fee or ₹ 20 lakhs, whichever is lower, II. In-direct Support for Technology Acquisition through Patent Pool- Financial support will be provided in acquiring of technology/Patent from across the G .....

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