1 Promote growth and development of the Auto Sector
2 Promote growth and development of the Heavy Electrical Sector
3 Promote growth and development of the Capital Goods Sector
4 Support Skill Development
5 Support BHEL to achieve sustained high growth and become globally competitive
6 Support profit making CPSEs (other than BHEL) to attain higher turnover and Profits
7 Restructuring/Revival of sick and loss making CPSEs
8 Support Responsibility Centres (RCs) to improve their performance
1.To support, strengthen and assist PSEs with a view to attaining consistently high growth in turnover, increase in aggregate profits of profit making PSEs and reduce aggregate losses of loss making PSEs.
2.To encourage, explore all possible viable options and undertake restructuring and revival of sick/ loss making PSEs under DHI, through a comprehensive revival business plan which may also include synergic collaboration or merger of sick companies with profitable PSE, induction of joint venture strategic.
venture partner, failing which closure of such companies that cannot be revived.
3.Formulate and undertake initiatives, schemes, projects, policies to facilitate R&D, encourage international cooperation, create required mechanisms and project critical industry sectoral requirements relating to National policy modulation in the areas of trade, taxation, environment, manufacturing, emissions and safety (auto section) along with providing inputs for formulating the GoI stand in International multilateral fora like WP-29, WTO, etc., bilateral co-operations and agreements like FTA, ICFPA, etc.