On Saturday, the government announced the creation of a national manufacturing mission to enhance the Make Initiative in India.
The mandate of the mission will include five areas of concentration ease and cost of doing business; Ready -made workforce for the required jobs; Life and dynamic MSME sector; Technology availability; And high -quality products.
In her budget speech, Finance Minister Nermalla Setharmann said that this plan will cover small, medium and large industries.
She said that the national industrial mission will provide support for politics, governance and monitoring framework for ministries and central countries.
She said: “Our government will create a national manufacturing task covering small, medium and large industries to strengthen them in India.”
She said that support will be provided to develop local manufacturing capabilities to integrate our economy with global supply chains.
The sectors will be determined based on objective criteria.
The minister said, “Tayseer groups will be formed with the participation of senior officers and representatives of the industry for the chosen products and the supply chain,” the minister said.
Setharmann said there are huge industry 4.0 opportunities, which need high skills and talents. “Our youth alike,” I noticed.
“Our government will support the manufacture of local electronic equipment to take advantage of this opportunity for young people,” said Citaraman.
According to the Ministry of Industry and Internal Trade (DPIIT), the proposed task is expected to enhance competitiveness, increase efficiency, innovation, and integrate local manufacturing into global value chains and make India a global competitive manufacturing center.
Commenting on the advertisement, the Minister of Trade and Industry said that he will focus on the sectors that need support.
He added: “The task will closely determine the sectors in which there is a defect in cost and help them.”
The country’s manufacturing represents about 16-17 percent of GDP and the government looking to increase the share.
Industry production growth in India (IIP) accelerated to the highest level in six months by 5.2 percent year on November 2024, and the increasing festive demand and capture in the manufacturing sector, according to official data.
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