Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-08-28

Focus on SMEs, create manufacturing & investment zones to revamp economy: Plan Comm

There is an urgent need to ease the business regulatory environment, focus on SMEs, human assets, enhance use of technology and innovation, upgrade physical, administrative and institutional infrastructure and most importantly create more and more national manufacturing & investment zones in order to revamp the ailing manufacturing sector and in turn the Indian economy, said Arun Maira, Member, Planning Commission.

There is an urgent need to ease the business regulatory environment, focus on SMEs, human assets, enhance use of technology and innovation, upgrade physical, administrative and institutional infrastructure and most importantly create more and more national manufacturing & investment zones in order to revamp the ailing manufacturing sector and in turn the Indian economy, said Arun Maira, Member, Planning Commission.
 

Maira was addressing the session on 'Manufacturing, the next big opportunity for India' organized as part of Invest North conclave organized by CII in New Delhi on Tuesday.

 

He said that a sound manufacturing sector can solve the problem of huge Demand - Supply gap, higher imports and alarming Current Account Deficit (CAD) which has led to an adverse impact on the socio-economic condition of the country.
 

Sumit Mazumder, Vice President, CII and Vice Chairman & Managing Director, TIL Limited said, “Significantly low labour productivity is yet another national concern and there is a need to initiate structured skill development initiatives at all relevant levels to address the same.


"There is a need to reform age old laws and acts in addition to development of supporting infrastructure to encourage expansion of manufacturing in the country," said Jayant Davar, Chairman, CII Northern Region.
 

Naoyoshi Noguchi, Chief Director General, Japan External Trade Organization (JETRO) suggested to replicate the model being followed by the Government of Thailand wherein they have been providing rental factories for SMEs.

 

Related opportunities
  • Competitive Exam Coaching Institute
    About Us: Sinhal Classes, founded by Prof. O P Sinhal is ..
    Locations looking for expansion Maharashtra
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Ellementry is the perfect blend of handcrafted art manufacturing..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • After School Activities
    About Us: SIP Academy India is successfully running various world-class programmes...
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: The Khoune Pizza franchise model is a unique, one-of-its-kind..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 60
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts