Explanation:

• The government has set up a 22-member `to make this sector globally competitive and to become the manufacturing hub for the world.
• The Committee will look into issues pertaining to the Capital Goods Sector including technology development, mother technology development, global value chains, testing, skill training, global standards, reciprocity issues, custom duties.
• The Inter-Ministerial Committee (IMC) under the chairmanship of Secretary of Department Heavy Industries with representation at sufficiently senior level officers from the concerned Ministries/Departments is proposed to meet quarterly.

Hence both statements are correct.