The proposed guidelines would be circulated to all stakeholders, including industry associations, for their necessary inputs after the necessary consultations process is over. Following this, the Ministry of Heavy Industries and Public Enterprises would move a cabinet note on the remanufacturing policy for its approval and necessary direction.

This process is expected to take about 4 to 6 months, as remanufacturing is entirely a new area for which the government would have to weigh all pros and cons before it allows established practices for remanufacturing in India.

The Minister explained that remanufacturing has to be different from repairs and the government is serious to encourage it for original manufacturers since energy, inputs and raw material cost gets reduced by more than 50% through remanufacturing and eventually, the consumer is benefited out of it.

Speaking on the occasion, Mr. Kevin Thieneman, President India/ASEAN, Caterpillar Inc, emphasized the need to encourage remanufacturing in developing countries like India to enjoy it's cost benefits.  He said that remanufacturing which is currently under subject to WTO negotiations will not make countries like India a dumping ground for products of developed world. Mr. S. Ramakrishna, Executive Director Caterpillar, also welcomed government decision for the remanufacturing policy.

Mr. K.C. Mehra, ASSOCHAM logistic Committee Chairman, spoke about the necessity of the policy in order to encourage remanufacturing in a developing country like India.

Mr. D. S. Rawat, Secretary General, ASSOCHAM, said that original manufacturers of equipments and various components would stand to gain in addition to the consumers since remanufacturing has cost benefits.vernment decision for remanufacturing policy.