SME Times is powered by   
Search News
Just in:   • Market mayhem: Sensex tanks 713 pts, Nifty 205 pts  • Demonetisation threw up political, economic puzzles: Arvind Subramanian  • Trump commits to $750 bn defence budget  • Tea exports up 1.17 percent in Jan-Oct  • Amazon India to host online sales event for SMBs 
Last updated: 06 Dec, 2018  

Manufacturing.9.Thmb.jpg New industrial policy to give manufacturing a tech boost: DIPP

Manufacturing.9.jpg
   Top Stories
» Market mayhem: Sensex tanks 713 pts, Nifty 205 pts
» Tea exports up 1.17 percent in Jan-Oct
» Auto sales down 3.43 percent in November
» Direct tax collections rises 15.7 per cent in November
» Agri export policy to push exports, farmers' income: FIEO
SME Times News Bureau | 06 Dec, 2018

DIPP Principal Economic Adviser Anand Singh Bhal on Wednesday said the New Industrial Policy, to be announced soon, will address the challenges faced by the manufacturing sector encompassing of adoption of standards and quality control to impart competitiveness and take Indian manufacturing to the next level of technology to make the country's industrial base strong.

Speaking at the 'India - Korea Technology & Education Exchange Forum', Bhal  said that India has moved from an agrarian economy to service dominated one.  The manufacturing sector has lagged and the time is opportune to give primacy to this sector.

"India is not a very strong manufacturing nation and only contributes to 16 per cent of our GDP which is not very good," he added.

Under the 'Make in India' initiative, the Government of India aims to increase the share of the manufacturing sector to the gross domestic product (GDP) to 25 per cent by 2022.

He also said that India had a lot to learn from South Korea in terms of innovation in the manufacturing sector and creating a robust industrial base.

The learnings and their implementation will also create large avenues for employment, the burden of which is currently borne by the services sector, he said.

Amita Prasad, Director General, National Productivity Council (NPC), said that NPC plays a key role in promoting productivity by harnessing the strengths of technology in education.

The government has planned to develop five incubation centres for Internet of Things (IoT) start-ups as part of Prime Minister?s plan of 'Digital India' and 'Start-up Campaign' with at least two centres to be set-up in the rural areas to develop solutions for smart agriculture, she added.

She said that both India and Korea can partner on India?s flagship initiatives such as 'Make in India', 'Skill India', 'Digital India', 'Start-up India' and 'Smart Cities Mission' and added that NPC had already singed a MoU with KPC and KIBC and these MoUs could be leveraged to deepen the partnership.  

 
Print the Page
Add to Favorite
 
Share this on :
 

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

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 10 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» The marketing mix for small business marketing(4)
» Increase credit flow to boost GDP: FICCI(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter