Govt to take more steps to facilitate 'Make in India' initiative

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SME Times News Bureau | 29 Dec, 2014
The government will undertake more steps to facilitate ease of doing business as part of the 'Make in India' initiative.

Inaugurating the one-day National Workshop on Sectoral Perspectives & initiatives: Creating an enabling framework for stimulating investments for Make in India, Finance Minister, Arun Jaitley Monday said that number of steps have been taken in the past seven months to facilitate an investor friendly climate in the country.

However, manufacturing still remains a challenge. Stressing on the need for manufacturing growth to ensure employment for youth of the country, the Finance Minister underlined several initiatives to facilitate ease of doing business in the country.

"Entry point has to be eased, initial barriers lowered and removed, and after entry, enabling environment has to be created."

The Finance Minister stressed on the need for streamlining the dispute resolution mechanism.

Noting that availability of lands for manufacturing has to undergo a complex procedure, Jaitley talked of the plan to remove such bottlenecks and to ensure that "our regime is competitive."

The Minister of State (Independent Charge) for Commerce & Industry Nirmala Sitharaman termed the National Workshop as an unique initiative.

"Nothing of this scale has been attempted in the recent memory. This National Workshop is aimed at getting industry and government on the same platform."

Sitharaman said that discussions would be held on the results of the recent initiatives and also for the new initiatives that need to be undertaken to strengthen the 'Make in India' initiatives.

The Minister said that both Department of Industrial Policy & Promotion and Department of Commerce have taken concrete steps for cutting red tape, simplifying rules and delicensing the business environment.

Eighteen sessions are being held as part of the one-day workshop in which 25 Ministries under the Government of India and all the States have come together to converge and integrate in a professional manner to chart a roadmap for short and medium term to make 'Make in India' initiative a grand success.