CII formulates 10-point plan to boost manufacturing
The Confederation of Indian Industry (CII) has come out with a 10-point strategic agenda to help the manufacturing sector achieve a 25% share in the country’s GDP by 2020.
By TNN |
NEW DELHI: The Confederation of Indian Industry (CII) has come out with a 10-point strategic agenda to help the manufacturing sector achieve a 25% share in the country���s GDP by 2020. The programme focuses on evolving a national manufacturing policy, boosting capital goods market and opening up strategic sectors to boost the share of manufactured products in the country���s national income.
The newly elected CII president, KV Kamath, had recently highlighted the industry body���s focus areas for the coming years. One of the key agendas in front of CII is the present share of manufacturing sector in the country��� GDP, which is around 15-17%.
According to the industry body, so far there is no clear definition of manufacturing in the policy framework of industry. But with imports becoming a large component in sectors such as capital goods and opening India to re-manufactured products, defining manufacturing and giving a roadmap to strengthen the sector are now imperative.
CII has also emphasised that energy is a key bottleneck.
With respect to the new mining policy which is on the anvil, CII has proposed that the Steel and Mining industry should work together to roll out guidelines for implementation of the policy. CII has also emphasised that energy is a key bottleneck to meet the infrastructure requirements of the country.
While the industry body has welcomed the Coal Report, it would place an Apex Task Force on Coal to facilitate the implementation of this report. Tata Sons director Dr J J Irani, who was also a member of this report would lead the implementation. The body has identified new initiatives in the area of space, aerospace, advanced engineering and manufacturing.
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