National workshop on 'Make in India' to boost manufacturing sector
Updated: Dec 29, 2014 05:19:24pm
New Delhi, Dec 29 (KNN) Government of India today held a national workshop on ‘Make in India’ to give a fillip to the manufacturing sector. It will formulate short term (1 year) and medium term (3 year) sectoral action plans in consultation with Indian industry and improve the ease of doing business in consultation with chief secretaries of states.
Inaugurating the workshop, Union Finance Minister Arun Jaitley said that unless radical steps are taken, the challenges faced by the manufacturing sector will remain.
He listed out several imperatives that need to be addressed to get manufacturing going. He said the initial barriers for entering into manufacturing need to be lowered or closed, an enabling environment has to be created across the board, the regime for making land available for manufacturing changes, a competitive and stable tax regime ensured, trade facilitation, labor market flexibility, reduction in the cost of capital and expeditious project implementation.
The entire effort was to lower the cost of manufacturing and improve quality otherwise the country will become a nation of traders rather than manufacturers, said Jaitley.
In this context, two components of the Make in India program including today’s workshop that aims at procedural reforms and bankers’ retreat convened by the prime minister over the weekend to improve liquidity and give greater access to capital to industry, will go a long way in making India a better place to do business, he added.
Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman pointed out that the workshop will iron out the perceptions between the states and the centre and also help in resolving inter-ministerial issues to facilitate ease of doing business.
She said a strong manufacturing sector had the potential to increase growth, entrepreneurship and employment and thereby improve India’s ranking in competitiveness and doing business measure.
In his address, Union Minister of Mines, Steel and Labour and Employment Narendra Singh Tomar said that Make in India campaign was aimed at bringing all stakeholders together to make the country business and industry-friendly and, in turn, attract domestic as well as foreign investment flows into the country.
Underlining the need to create an atmosphere where investment becomes the main driver of economic growth, Cabinet Secretary Ajit Seth said the workshop seeks to create a roadmap to be implemented in the short and medium term to boost manufacturing.
President of FICCI Jyotsna Suri said entrepreneurs need conducive environment, a rational tax regime and a capital at a reasonable cost to unleash the lion of the Make in India program.
President of CII Ajay Shriman described the workshop as unique and unprecedented as it brought all stakeholders to offer suggestions for an actionable agenda for making the Make in India program a success. He said the program is transformational for manufacturing and beyond.
Secretary, Department of Industrial Policy & Promotion (DIPP), Amitabh Kant moderated the inaugural session and Additional Secretary, DIPP, Shatrughna Singh gave a vote of thanks address.
The national workshop took a close at various sectors of the economy. The actions plans were then presented to the prime minister at the concluding session of the workshop.
Industry body FICCI was the partner industry association for sectors like oil & Gas, capital goods, pharmaceuticals, food processing, leather, gems and Jewellery, tourism, media, ICTE manufacturing, textile, and MSME.
For chemicals and petrochemicals, basic metals and cement, automobiles and auto components, aerospace and defence, railways, energy and aviation and shipping, CII was the partner association. (KNN/ST)
Inaugurating the workshop, Union Finance Minister Arun Jaitley said that unless radical steps are taken, the challenges faced by the manufacturing sector will remain.
He listed out several imperatives that need to be addressed to get manufacturing going. He said the initial barriers for entering into manufacturing need to be lowered or closed, an enabling environment has to be created across the board, the regime for making land available for manufacturing changes, a competitive and stable tax regime ensured, trade facilitation, labor market flexibility, reduction in the cost of capital and expeditious project implementation.
The entire effort was to lower the cost of manufacturing and improve quality otherwise the country will become a nation of traders rather than manufacturers, said Jaitley.
In this context, two components of the Make in India program including today’s workshop that aims at procedural reforms and bankers’ retreat convened by the prime minister over the weekend to improve liquidity and give greater access to capital to industry, will go a long way in making India a better place to do business, he added.
Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman pointed out that the workshop will iron out the perceptions between the states and the centre and also help in resolving inter-ministerial issues to facilitate ease of doing business.
She said a strong manufacturing sector had the potential to increase growth, entrepreneurship and employment and thereby improve India’s ranking in competitiveness and doing business measure.
In his address, Union Minister of Mines, Steel and Labour and Employment Narendra Singh Tomar said that Make in India campaign was aimed at bringing all stakeholders together to make the country business and industry-friendly and, in turn, attract domestic as well as foreign investment flows into the country.
Underlining the need to create an atmosphere where investment becomes the main driver of economic growth, Cabinet Secretary Ajit Seth said the workshop seeks to create a roadmap to be implemented in the short and medium term to boost manufacturing.
President of FICCI Jyotsna Suri said entrepreneurs need conducive environment, a rational tax regime and a capital at a reasonable cost to unleash the lion of the Make in India program.
President of CII Ajay Shriman described the workshop as unique and unprecedented as it brought all stakeholders to offer suggestions for an actionable agenda for making the Make in India program a success. He said the program is transformational for manufacturing and beyond.
Secretary, Department of Industrial Policy & Promotion (DIPP), Amitabh Kant moderated the inaugural session and Additional Secretary, DIPP, Shatrughna Singh gave a vote of thanks address.
The national workshop took a close at various sectors of the economy. The actions plans were then presented to the prime minister at the concluding session of the workshop.
Industry body FICCI was the partner industry association for sectors like oil & Gas, capital goods, pharmaceuticals, food processing, leather, gems and Jewellery, tourism, media, ICTE manufacturing, textile, and MSME.
For chemicals and petrochemicals, basic metals and cement, automobiles and auto components, aerospace and defence, railways, energy and aviation and shipping, CII was the partner association. (KNN/ST)
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