Government implements major reforms to boost domestic manufacturing

  • Industry News
  • Mar 11,21
These reforms are aimed at enhancing exports.
Government implements major reforms to boost domestic manufacturing

The government has implemented major reforms in the last one year to boost domestic manufacturing, industrial production and GDP growth. Production-Linked Incentive (PLI) Scheme in 13 key sectors, under the aegis of AatmaNirbhar Bharat, have been announced for enhancing India’s manufacturing capabilities and exports. PLI Schemes for medical devices; mobile phones; electronic components; pharmaceutical drugs; telecom and network equipment; and electronic technology products have been notified. Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) have been set up in the Ministries/Departments to facilitate and promote investment.

A single window system involving clearances by ministries /departments and selected State governments is on the anvil to provide end-to-end facilitation support. In the Union Budget 2021-22 with a view to promote domestic manufacturing, announcements have been made on setting up seven Mega Investment Textiles Parks(MITRA) over the next 3 years with plug-and-play facilities, rationalization of customs duty structure across sectors and for a Scrappage Policy to phase out old and unfit commercial vehicles. The National Infrastructure Pipeline is expected to significantly boost infrastructure and spur growth impulses in the economy. Reduction in the compliance burden is an ongoing process to spur investment and enhance ease of doing business in India.

To boost domestic manufacturing, Department for Promotion of Industry and Internal Trade has taken a number of  measures including setting up of world class infrastructure by developing nodes across various Industrial Corridors; formulation of National Master Plan on multimodal connectivity infrastructure;  implementation of  Industrial development schemes for North-East States, Himachal Pradesh, Uttrakhand, and Union Territory of Jammu & Kashmir to boost industrialization in the industrially backward and  hilly States; for start ups, setting up a Fund of Funds and Seed Fund to build up a strong ecosystem for nurturing innovation and entrepreneurship; Development of industrial information system for improving availability of industrial land and amendment in Public Procurement Rules to enhance minimum local content.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri SomParkash, in a written reply in the Lok Sabha today.

Related Stories

Other Industrial Products
PLI scheme to account for 13-15% capex in key sectors

PLI scheme to account for 13-15% capex in key sectors

Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.

Read more
Other Industrial Products
CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn

CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn

Production Linked Incentive (PLI) scheme has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 trillion. The nine sectors have an export potential of Rs 11 trillion.

Read more
Other Industrial Products
Manufacturing at an inflexion point

Manufacturing at an inflexion point

Today, India is ranked as one of the leading exporters of pharmaceuticals supplying not just to developing countries but also to developed markets such as US, Japan, EU, etc.

Read more

Related Products

Pharmaceutical Dust Collector

Miscellaneous Industrial Supplies

Imperial Pharmachines Pvt Ltd offers a wide range of pharmaceutical dust collector.

Read more

Request a Quote

Polifan Flap Discs Z Sg

Miscellaneous Industrial Supplies

PFERD offers a wide range of polifan flap discs Z SG power trim steelox. Read more

Request a Quote

Ac Fail Annunciator

Miscellaneous Industrial Supplies

JVS Electronics Pvt Ltd offers a wide range of AC fail annunciator- JAV 016.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back