Manufacturing policy to be unveiled soon

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Anand Sharma, Minister for Commerce and Industry, in an address to the Confederation of Indian Industry’s (CII) National Conference and Annual Session, recently stated that since manufacturing is the key to inclusive growth in India, the government is ready with a radical new manufacturing policy, which will be unveiled soon.

The minister also announced that exports for the year 2010-11 would be well over the target of US$ 200 billion, and would see a remarkable recovery from 2009-10 when exports had suffered due to the global economic crisis. The new manufacturing policy will be the growth engine of India’s economy and would be designed in a way to attract greenfield investment into cutting edge technology, and include comprehensive measures that address industry concerns.

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