SME Times is powered by   
Search News
Just in:   • Iron Pillar to raise $400 mn to empower Indian tech startups: Report  • Crypto lending platform Celsius lays off 150 employees  • Jammer to block, booster to enhance mobile signal illegal: Centre  • 'Windfall taxes not to impact RIL majorly, brings windfall for government'  • Delhi Airport moves to complete green energy from June 1 
Last updated: 27 Sep, 2014  

Industry THMB Manufacturing sector should grow by 25 pc: Official

Industry 6
   Top Stories
» 'Time to move from 'Volume' to 'Value' leadership in Pharma market'
» Large borrowers' loan accounts and bad loans decline: RBI
» Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
» RBI hits hard on Bitcoin, DeFi, crypto trading platforms
» Import duty on gold increased, may not impact demand
SME Times News Bureau | 03 Mar, 2014
India needs at least 25 percent contribution from the manufacturing sector for sustained growth and it must focus on innovation and research and development to achieve this, an official said Saturday.

K. Jayakumar, joint secretary at the Department of Scientific and Industrial Research, said India should work on simplified laws and develop a support system for industries.

He was delivering a lecture on "Systems and Process Design to facilitate Industries Leverage Technology, Opportunities and Partnership" at the Mangalayatan University.

Half the population at present was under 25 years of age, he said. This presented tremendous potential and scope for development.

"We just need a focus on developing our manufacturing sector. There is a need for structural change, nurturing an industry friendly eco system and making Indian manufacturing sector more competitive," he said.

He discussed various methods to tap the potential in various sectors such as transportation, energy, strategic sector and livelihood.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 04 Jul, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» China's forex reserves reach USD 2.85 trillion(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter