Govvernment launches TADF for technology acquisitionThe government has invited proposals for Teachnology Acqusition and Developemnt Fund (TADF). The scheme is  a transformational mechanism for Indian MSMEs to acquire Clean, Green & Energy Efficient Technologies, in form of Technology / Customised Products / Specialised Services / Patents / Industrial Design available in the market with requisite level of proof from individuals, organizations located in India or anywhere else across the Globe. The scheme is for enabling Technology Acquisition and Development as per the National Manufacturing Policy 2011 (NMP) through patent pool and licensing; reimbursement of direct patent acquisition cost; incentivizing production of equipment for controlling pollution, reducing energy consumption and for water conservation through interest and capital subsidies; and incentives for energy and environmental audit, waste water treatment, rain water harvesting, renewable energy and Green Buildings.

It aims to provide funding support for the acquisition and development of Clean and Green Technologies.

The Scheme is applicable to all existing and new Micro, Small and Medium Enterprises (MSMEs) including those in the National Investment and Manufacturing Zones (NIMZs) in respect of their investments made after notification of the Scheme which will remain in force up to March 31, 2017.

India needs to create an effective environment to enable its Micro, Small & Medium Enterprises (MSMEs) to partner with global businesses to evolve “Innovative Clean / Green / Energy Efficient Technologies” to catalyze the manufacturing growth which will contribute to the national focus of “Make in India”.

To accelerate this process, Department of Industrial Policy & Promotion (DIPP) had notified , a unique Scheme for enabling Technology Acquisition and Development under the National Manufacturing Policy 2011 especially supporting the followings:

  • Reimbursement of Direct Patent Acquisition Cost.
  • Incentivizing through Capital subsidies for adoption of innovative technologies in the areas of Energy & Water Conservation, Controlling Pollution, Waste Water treatment, Rain Water harvesting, Renewable Energy and Green Buildings.