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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.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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