Home / Knowledge / News / CII expects new manufacturing policy to provide thrust
CII expects new manufacturing policy to provide thrust
22
Sep '08
CII has congratulated Dr. V Krishnamurthy, Chairman, National Manufacturing Competitiveness Council and the core group, for proposing the new Manufacturing Policy, an exercise done for the first time by India, said a CII Press Statement issued here.

The Manufacturing Policy would help to give the required thrust on manufacturing growth over the short and long term, said the CII Statement. The manufacturing sector has been contributing about 17% to the GDP, and has seen some challenges in terms of growth in the last few months. Hopefully, the new policy would create the proper ecosystem to sustain a 14 to 15% growth for the medium to the long term, said the CII statement.

This would also help increase the share of Manufacturing in the GDP, CII has said.

This is essential for creating the value addition and employment in urban and rural areas. CII has said that it expects the report to set into place benchmarks for manufacturing growth across the key sectors such as steel, mining, chemicals, petrochemicals, textiles, capital goods, drugs and pharmaceuticals and energy (including non-conventional, specifically solar). The policy would also help leveraging new opportunities coming from sunrise sectors such as aerospace, solar energy sources, nanotechnology applications etc.

“The new policy is extremely timely and would boost investor confidence and give the required spur to manufacturing industry. And we hope this would help Indian manufacturing make its mark in the international markets. India needs a robust and vibrant manufacturing sector to be the backbone of its economy as also to address the issue of employment creation.” – said Chandrajit Bannerjee, Director General, CII.

Confederation of Indian Industry


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X