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The National Manufacturing Policy aims to create million additional jobs in the next decade. Land will be selected by State Governments. Preference would be given to uncultivable land. Both state and central Government would fund trunk infrastructure.
The policy embodies an easy exit policy and single window clearance in zones The NIMZ would be managed by special entity The policy National manufacturing policy envisaged fiscal sops to boost manufacturing. Make industrial land land acquisition available through creation of land banks by states.
How the Policy would achieve the above objectives? Competitiveness of enterprises in the country will be the guiding principle in the design and implementation of policies and programmes.
Compliance burden on industry arising out of procedural and regulatory formalities will be reduced through rationalization of business regulations.
Innovation will be encouraged for augmenting productivity, quality, and growth of enterprises; and Effective consultative mechanism with all stake holders will be instituted to ensure National manufacturing policy corrections.
Which Industry verticals will be give special attention? Small and Medium Enterprises: The Small and Medium Enterprises SME segment of manufacturing has in particular attracted due attention in the new policy as can be seen from the various financial and development incentives that have been envisaged therein.
How they want to rationalize the Business Regulations? The policy notes that on an average, a manufacturing unit needs to comply with nearly 70 laws and regulations.
Apart from facing multiple inspections, these units have to file sometime as many as returns in a year. This kind of compliance burden puts-off young entrepreneurs and they are not willing to take up an entrepreneurial role. As a result, a large number of people who could have been self employed and would contribute to further employment and enhance economic activity, end up accepting jobs much below their potential.
SPV may act as a facilitator in this regard. Mechanisms may be developed for cooperation of public or private institutions with government inspection services under the overall control of statutory authorities.
The Environmental Clearances for NIMZ units under the EIA Notification, shall be considered on a high priority, and the units thereon will be exempted from public hearing provided under the EIA Notification, in cases where such estates have undergone public hearing as a whole.
Further, facilitative instructions and guidelines may be issued at the Central and State level from time to time aiming at promotion of NIMZ investment while safeguarding environmental integrity.
Technology Acquisition and Development Fund The policy proposes establishment of a Technology Acquisition and Development Fund TADF for acquisition of appropriate technologies including environment friendly technologies; creation of a patent pool; and development of domestic manufacturing of equipments used for controlling pollution and reducing energy consumption.
It will purchase Intellectual Property IP rights to inventions from patent holders. Any company that wants to use the IP to produce or develop products can seek a license from the pool against the payment of royalties.
This company may then produce the product for use in specified geographical areas subject to meeting agreed quality standards. The TADF would reserve the right to license more than one company for a particular patent.
Further, the policy seeks to expand the network of ITIs. In sum, the NIMZs would be large areas of developed land, with the requisite eco-system for promoting world class manufacturing activity.
What is major difference from SEZ?
NIMZ would be different from SEZs in terms of size, level of infrastructure planning, and governance structures related to regulatory procedures and exit policies.
An NIMZ would have an area of at least hectares in size. There should be reasonable access to basic resources like water.
It should not be within any ecologically sensitive area or closer than the minimum distance specified for such an area. Who will own NIMZ? It is left to the State Government to adopt a model that it considers most workable.
The State Government may keep the ownership of NIMZ itself or transfer the ownership to a state government undertaking. The state Government may have joint ownership with a private partner and aopt any other appropriate model. How NIMZ will be administered?Summary of the National Manufacturing Policy.
Manufacturing’s share in India’s GDP has been stuck at 16% since the s. The policy aims to increase the share of manufacturing in the country’s GDP from the current 16% to 25% by The National Manufacturing Policy aims to create million additional jobs in the next decade.
National Manufacturing Policy: Features and Objectives Question - Government has recently launched an e-Biz portal aimed at providing various services of the government via a single portal. The National Manufacturing Policy provides major impetus for economic growth and development.
National Portal of India is a Mission Mode Project under the National E-Governance Plan, designed and developed by National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India. It has been developed with an objective to enable a single window access to information and services being provided by the various Indian Government entities.
Suggested Citation:"National Manufacturing Policy: An Industry Perspective."National Academy of Engineering. Challenge to Manufacturing: A Proposal for a National srmvision.comgton, DC: The National Academies Press.
doi: / The policy also aims at capturing benefits arising out of clustering manufacturing activities by proposing National Investment and Manufacturing Zones (NIMZ). It acknowledges the fact that technology upgradation is the only and fastest way to be able to compete globally and ensure sustainable growth in .
National manufacturing policy 7 Labour-related issues A universal concern for manufacturers is enhancing labour productivity, ensuring sustained availability of skilled and highly qualified workforce, resolving labour disputes during closures or bankruptcy and managing rigid and archaic labour laws.
These are impediments in attracting .