For Quick Alerts
For Daily Alerts

Govt announces slew of policy measures for improving manufacturing sector

By Religare

The Minister of State in the Ministry of Commerce & Industry, E M Sudarsana Natchiappan on Wednesday said government is continuously taking measures to improve the performance of the manufacturing sector of the country.

"Some such measures taken include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, launching of the e-biz Mission Mode Project under the National e-Governance Plan, and creating a joint venture 'Invest India' in association with FICCI," the Minister informed Parliament in a written reply.


Besides, "incentives are being given for helping industries in difficult areas through Plan Schemes of Transport Subsidy, special package of incentives for Special Category States, North-East Industrial & Investment Promotion Policy, 2007, and specific programmes like Industrial Infrastructure Upgradation Scheme, Indian Leather Development Programmes etc," Natchiappan said.

"Some of the additional measures that have been considered necessary by the Government for facilitating increase in industrial production include creating a project monitoring cell for stalled infrastructural and industrial projects with high investment, and approving commencement of preparatory work on creating Chennai-Bengaluru Industrial Corridor (CBIC), Bengaluru-Mumbai Economic Corridor (BMEC) and Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC)," he added.

Dion Global Solutions Ltd.

Read more about: manufacturing sector nmp fdi dmic
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more