New Delhi, Apr 5 (KNN) Ahead of General Elections 2019, the Commerce and Industry Minister announced that the proposed new industrial policy has been finalised and the new government would announce that he made the above statement at CII's Annual session 2019.

He said "We have finalized the industry policy. I am sure that the new government will announce that soon."
The New Industrial Policy, which will replace the 27-year-old existing policy, aims at promoting emerging sectors and modernizing existing industries.

Besides this, the policy will also look towards reducing regulatory hurdles and paper work.

Though the ministry has sent the final proposal of the policy to the Cabinet, but it was not taken up for consideration.

The ministry has planned to set up an elaborate machinery including a steering committee for effective implementation of the policy.

Addressing the session, he also listed out steps which the ministry has taken to boost exports and further improve ease of doing business particularly as the district level.

He said that in 2018-19, India's exports of goods and services would touch about USD 540 billion.