Manufacturing policy to produce more jobs

After extensive discussions, India's much awaited manufacturing policy has entered into its final stage of forming that will ensure at least 100 million jobs in the next ten years.

The draft was prepared a high-level committee headed by Prime Minister Manmohan Singh. The policy would aim to increase the share of manufacturing in the country's GDP to over 25% by 2022 as against the current level of nearly 16%.

The main focus of the policy is to improve business environment to enable easy technology acquisition and development, provide access to capital for small and medium enterprises and enhance the role of the private sector in skill development. The policy would be on minimising the role of government and creating an environment of self-regulation, Sharma said.

 The government would set up four-five national manufacturing and investment zones as green field integrated industrial townships with world class infrastructure financed by the central government in partnership with respective state governments with a competitive regulatory environment for attractive investments".
The minister said the proposed Delhi Mumbai Industrial Corridor would also help boost manufacturing activities in the country.