shore operations. It was also contended that on account of
the upgraded technology available, there is also no necessity for the
service of a Radio
goods or for
rendering services, including those required for
replacement, modernisation, technological upgradation
or expansion. Capital goods also include packaging
machinery and equipment, refractories
growth in productivity, poor project management, over-manning, lack of continuous technological upgradation, and inadequate attention to R & D and human resource development ... regenerate themselves in terms of new investments as well as in technology development. The resultis that many of the public enterprises have become a burden
need of higher investment in plant and
machinery or equipment for technological
upgradation, employment generation and enhanced
competitiveness of the class or classes of
enterprises ... development of skill in the employees, management
and entrepreneurs, provisioning for technological
upgradation, marketing assistance or infrastructure
facilities and cluster development of such enterprises
with
providing incentives to its exporters with
requisite resources of modernization, technological upgradation, product
development and other activities.
16) None of the aforesaid arguments weighed with
goods or for rendering services,
including those required for replacement, modernisation,
technological upgradation or expansion. Capital goods also
include packaging machinery and equipment, refractories
trivial and inconsequential factum as in the automobile industry,
technology upgradation is constant and rapid. Gone are the days when one
or two manufacturers enjoyed ... industry. Failure to keep up and upgrade would result in
product rejection and fall in sales. Persistent upgradation and cutting edge
referred by the Government are:
"(i) The need for obtaining technology for
upgradation of the production capacities in
the Pencillin Plant and whether ... Government of
India expressing their interest in upgrading the technology
of H.A.L. and in improving the production by investing
Rs.40-50 crores
said notification, the petitioner-company claims to have undertaken to upgrade its technology by making upon extensive experimenting and testing and was able to achieve ... identifying the said resultant product as the "UT Product" (Upgraded Technology Product). The said product was considered to be fit for sale
responsibility of the concerned public sector undertakings.
3. Aiding modernisation and technology upgradation in the concerned industries.
4. Promoting exports of engineering goods and projects