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Suggestions Invited for Formulation of a New Industrial Policy

Start Date :
Aug 31, 2017
Last Date :
Sep 26, 2017
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industry initiated the process of formulation of a new Industrial Policy in May 2017. Since the last ...

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industry initiated the process of formulation of a new Industrial Policy in May 2017. Since the last Industrial Policy announced in 1991, India has transformed into one of the fastest growing economies in the world. With strong macro-economic fundamentals and several path breaking reforms in the last three years, India is equipped to deploy a different set of ideas and strategies to build a globally competitive Indian industry. The new Industrial Policy will subsume the National Manufacturing Policy.

A consultative approach has been taken for industrial policy formulation wherein six thematic focus groups and an online survey on DIPP website have been used to obtain inputs. Focus groups, with members from government departments, industry associations, academia, and think tanks have been setup to delve deep into challenges faced by the industry in specific areas. The six thematic areas include Manufacturing and MSME; Technology and Innovation; Ease of Doing Business; Infrastructure, Investment, Trade and Fiscal policy; and Skills and employability for the future. A Task Force on Artificial Intelligence for India’s Economic Transformation has also been constituted which will provide inputs for the policy.

It is proposed that the new Industrial Policy will aim at making India a manufacturing hub by promoting ‘Make in India’. It will also suitably incorporate the use of modern smart technologies such as IOT, artificial intelligence and robotics for advanced manufacturing.

Hon’ble Minister of State(i/c) for Commerce & Industry Smt Nirmala Sitharaman will hold consultations with stakeholders, including industry captains, think tanks and State governments in Chennai, Guwahati and Mumbai. The Industrial Policy is likely to be announced in October 2017.

DIPP invites comments, feedback, suggestions from the public regarding framing of the new Policy.

The last date of submission of suggestions is 25th September, 2017.

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RASHMI KADAM
RASHMI KADAM 8 years 11 months ago
So I guess govt should form a new body that actually funds startups not just in words but reality & alocate a good amount of fund for such startup ideas which are related to Electrical component Manufacturing , as gadgets n electronics is ever booming industry in our every expanding digital world
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RASHMI KADAM
RASHMI KADAM 8 years 11 months ago
It's been 3 yrs since story is still the same it's very funny & ironic that bank can approve loans to big companies who don't need it in first place n lose their money then give chance to new ideas ...
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RASHMI KADAM
RASHMI KADAM 8 years 11 months ago
I I'm a co founder of Rasolder Insulator Pvt Ltd. After Modi govt came to power with new idea n funding plans for start up me n friend deside to scale his small family business of extracting Lead & Solder from e-waste scarp. We incorporated Rasolder went to more then 20 banks in hope of acquiring funding from modra Yojana or start up India. Our business plan clearly state a break even in 1yr, but no bank even got far enough at seeing it but they out right rejected us in the name of start up!!!
mygov_15043108047590261.pdf
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RASHMI KADAM
RASHMI KADAM 8 years 11 months ago
In my opinion the biggest hurdle in make in India is constrain of acquiring funding or investment for either starting up a venture or scaling a exitsting one, no bank even accept the proposal for funding of new project as they only fund 3yr old business , if we ask for scaling loan they ask for ITR, there are many small business till date that use to run or run on cash only now after implementation of GST things will change but that will take time , what should old business like mine do ?
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Vachaspati Mishra
Vachaspati Mishra 8 years 11 months ago
Focus on Manufacturing of Heavy Machinery with components decentralised in Rural Areas and Assembly lines in near by Industrial Economic Zones. Create more infrastructure in Rural Areas so that urbanisation of villages may take place faster
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Sivaranjan Goswami
Sivaranjan Goswami 8 years 11 months ago
If we look at China, world's leading manufacturing hub, we will see that the key secret to China's current position is the availability of skilled laborers at a reasonable cost. In order to provide the same in India, the education system has to be highly industry oriented. UGC, NAAC and all universities and colleges have a big role to play. At the same time, the cost of living in cities has to be brought down through improvisation of the GST so that the demand for salary is not too high.
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Nilima B
Nilima B 8 years 11 months ago
1. Critical to have policies that hold industries accountable for excessive pollution to out environment and water supplies 2. Holding indutstries accountable to standards and penalizing them for non conformance while incentivizing them for green tech 3. Industries be built in rural India and equip our rural youth with necessary training and employment as India can only truly progress when we grow our villages. 4. Invest in progressive technologies such as robotics , Artifical intelligence
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Rajendra
Rajendra 8 years 11 months ago
In clothes section,have some cotton and small spinning wheel and the simplest fabric making machine. If cotton grows locally, ask students to bring cotton and make a cloth. May be one to wipre hands or wipe sweat or wipe nose. Their own cloth. .. Such free clothmaking facility should be installed in each village and anyone can take time to make their cloth there. This will put more money in farmers' pockets. 2/n
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