Breaking News
Nagaland Post Logo
You are here:  Skip Navigation LinksHome » Show story
The country needs a manufacturing policy: CII
New Delhi, May 4 (AGENCIES):
:
Published on 5 May. 2011 12:46 AM IST
Print  Text Size
 

If India has to sustain a high growth trajectory, it can only happen if the developmental model for that is inclusive, said Confederation of Indian Industry (CII) in a press release issued here today. From that point of view it is imperative that the manufacturing sector plays a much more significant role in the country’s growth.
A robust and growing manufacturing sector has the potential to create the kind of employment that is required in India given the demographics and skill levels in the country.
A dedicated Manufacturing Policy should be the bedrock for this to happen, the CII release said, if India has to emerge as a location of high value adding, technologically advanced and globally competitive manufacturing sector.
A step in this direction has been taken by the Ministry of Commerce and Industry said the CII release alluding to the draft Manufacturing Policy, which has been on the DIPP website for comments.
The good part of this policy is that it tries to address the key issues that come in the way of manufacturing assuming a much larger share in India’s GDP. By providing the necessary infrastructure, easier clearance and approval mechanism, flexible yet secure labour rules, focus on clusters and necessary skill development facilities, the proposed National Manufacturing and Investment Zones are ideal locations for Indian manufacturing to emerge as globally competitive entities from, the CII release said. Not being based on a model of tax sops, the proposed manufacturing policy tries to deal with the issues that have historically come in the way of India emerging as a strong base for manufacturing.
The CII release concluded by saying that it hoped that the Government of India would be able to drive this necessary policy in time for investments to pick up, as the announcement of a policy like this would certainly improve sentiments among the investing community. The CII President, Mr B Muthuraman said that the ultimate objective was to have this sector drive livelihood creation in the country and for that manufacturing must account for at least 25 percent of GDP by 2025.

 
Comments:(0) Login or Register to post your Comment
(Available for registered users only)
 
 
 
News:
Date:
 
More News