Home / Knowledge / News / Textiles / India revamping national manufacturing policy
India revamping national manufacturing policy
19
May '17
Government has decided to revamp the "2011 vintage" manufacturing policy to align it with programmes like 'make in India', digital India, skill India and industrial revolution 4.0, meaning high end automation. The move is also aimed at protecting interests of all segments - highly automated, partly automated or SMEs which are yet to go for automation.

This was stated by commerce and industry minister Nirmala Sitharaman.

"Yes, we have initiated the process (to revamp the policy). I have instructed the secretary in the department of industrial policy and promotion (DIPP) to get into the details of that," the minister told PTI in an interview.

It was necessary to modify the policy in view of several initiatives such as 'make in India', 'digital India' and `skill India' in addition to relaxing of foreign investment policy, taken by the government in the last three years, she said.

The revamped policy was also necessary to protect the interests of all segments of industry, be it highly or partly automated and SMEs which are yet to adopt modern technologies.

"Into this debate, the Industrial Revolution 4.0 is rapidly catching up. You like it or not, some industries are bringing in robotics in a very big way; some partly using that and some others absolutely have no impact of this because they can not afford or they do not want it. But we have to have a place for all the three," Sitharaman was quoted as saying in the report.

Initiatives like 'make in India', 'digital India' and 'skill India' must find a place in the national manufacturing policy since these are aimed at making India a manufacturing hub. "There should be some coherence. So I have asked them (DIPP) that in the context of three years of Make in India, get all these (initiatives) coming into this narrative," she said.

The national manufacturing policy (NMP) "is of 2011 vintage" which envisaged that manufacturing should contribute 25 per cent to country’s GDP by 2022. Currently, the sector contributes about 16-17 per cent to the country's economic growth, according to the report.

The NMP, formulated in 2011, provides tax and other benefits to boost the sector's growth. Industrial revolution 4.0 encompasses use of robotics, artificial intelligence, Internet of Things, data analytics and automation. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

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

Yes No

Active Poll

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

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

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

Yes No

Active Poll

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

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

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

Active Poll

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

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


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