Home / Knowledge / News / Textiles / 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


Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search