A meeting of the Consultative Committee of the Members of Parliament attached to the Ministry of Commerce and Industry was held on Wednesday, under the chairmanship of Minister of state for Commerce and Industry Som Parkash. 

The agenda for the meeting was “Strengthening manufacturing base in India”.           

The members were informed that strong growth in the annual average growth in the Indian manufacturing sector during 2014-15 to 2019-20 was 6.5%.  The sector accounts for nearly 16% of the gross value added (GVA) and employs about 12% of the country’s work force.

            In the last 6 years, Department for Promotion of Industry and Internal Trade (DPIIT) has taken various measures to strengthen the manufacturing base in India. 

The “Make in India” initiative was launched, with the objective of facilitating investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development. 

Under Make in India 2.0, the emphasis now is on 24 sub-sectors which have been chosen on strengths and competitive edge of Indian industries, need for import substitution, potential for exports and increased employability. 

Further, keeping in view India’s vision of becoming Atmanirbhar and to enhance India’s manufacturing capabilities and exports, an outlay of Rs.1.97 lakh crore has been announced in the Union Budget 2021-22 for Production Linked Incentive (PLI) Schemes for 13 key sectors for a period of 5 years starting from next fiscal year.

The Union Cabinet has also approved constitution of an Empowered Group of Secretaries and also Project Development Cells (PDC) in Ministries/Departments to fast track investments. 

India has also undertaken a number of steps to improve Ease of doing business in the country which is reflected in its improvement in ranking in the World Bank’s EODB Report from 142 in 2014 to 63 in 2020. 

These steps would boost economic activity including the manufacturing sector.  The Government is also working to reduce over 6,000 instances of compliance burden on businesses and citizens.

The Government has also developed the Industrial Information System now been known as India Industrial Land bank and a GIS based system which has approximately 4,000 industrial parks geo-tagged using satellite imaginary. 

The system has been integrated with industry based GIS System of 13 States.  In addition, industrial park rating system has been undertaken to rate the best performing industrial parks across the country, identifying interventions and serving as a decision support system for investors and policy makers. 

The Investment Clearance Cell (ICC) is being set up to facilitate and support businesses through a one stop digital platform - the National Single Window System.