Union Minister for Heavy Industries and Steel, H. D. Kumaraswamy, unveiled and digitally launched the Impact Report of the Ministry of Heavy Industries (MHI) Industry Accelerator Project at Navigyaan 2026 in New Delhi on September 30, 2026. This event marked the conclusion of the MHI Industry Accelerator Project, which represents a significant milestone in developing indigenous technologies for India's mobility and manufacturing sectors.
The accelerator program was implemented under the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector - Phase II, which has a total financial outlay of ₹1,207 crore and aims to support common technology development and services infrastructure. Under this larger scheme, 33 projects have been approved. Specifically, the MHI Industry Accelerator Programme provided ₹35.72 crore in Grant-in-Aid to support 10 technologies, with the objective of advancing them from Technology Readiness Level 3 (TRL-3) to Technology Readiness Level 9 (TRL-9).
The supported technologies cover several areas of future mobility, including electric powertrains, high-voltage motor control, and energy storage. Minister Kumaraswamy emphasized that an important outcome has been the movement of technologies from early-stage prototypes toward commercially viable products. He highlighted that the vision of Atmanirbhar Bharat requires India to move beyond being a large market for advanced technologies and develop the capacity to manufacture and export them, focusing on building Indian intellectual property, resilient supply chains, and skilled human resources.
The Minister stressed the importance of collaboration between government, industry, research institutions, academia, startups, and institutions such as ARAI (which implemented the project through ARAI-AMTIF). He called for continued efforts to identify emerging technology requirements, strengthen industry-academia collaboration, and develop talent capable of meeting future technological needs. The event included a startup exhibition showcasing innovations in electric mobility, power electronics, high-voltage systems, energy storage, predictive maintenance, sensors, and advanced surface engineering, with the Minister felicitating project members for their contributions to technology development and commercialization.