Chennai:
The
Union Planning Commission has come out with a manufacturing plan to achieve the
vision of 25 per cent share in GDP and 100 million jobs for the manufacturing
sector by 2025.
“Manufacturing
has not been the engine of real growth in India with 15 per cent share in GDP
and 12 per cent in employment. The strategy for accelerating growth of
manufacturing in India in the 12th Five Year Plan and beyond, involved a
re-look at the industrial policy formulation and a national manufacturing
plan,” Arun Maira, member of Union Planning Commission said here on
Wednesday.
He
said states also should be induced to have own manufacturing plans.
Maira
said the long-term objective of the manufacturing plan should be increasing the depth in manufacturing with focus on the level of
domestic value addition, enhancing global competitiveness of Indian manufacture
through appropriate policy support, and ensuring sustainability of growth.
The
Planning Commission has set up 26 working groups, with representatives from
industrial groups, government and other stakeholders on different manufacturing
industries like automotive and others, he said.
Their
key recommendation include creation of hard infrastructure through creation of
National Investment and Manufacturing Zones (NMIZ), supplemented by power and
transport infrastructure and small medium entreprises, PSUs public sector units
and manufacturing exports.
T T
Ashok, Chairman, CII Southern Region and managing director, Taylor Rubber, said
that the Indian manufacturing had the potential to be a driving force in
India’s economic development over the next two decades.
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