PM to review new mfg policy

For pursuing the key policy thrust for our Ministry, which has been engaged in providing a greater push to the growth of manufacturing. We have prepared a draft policy document which will be discussed in the High-Level Committee on Manufacturing, to be chaired by Prime Minister on 9th June 2011, Anand Sharma , the trade and commerce ministry said.

“The objective of this policy will be to identify key instrumentalities by which we can augment the share of manufacturing in our GDP from 15% to 25% by 2025. This will entail a growth in manufacturing at the rate of 12-14% p.a., which will be able to sustain the momentum of economic growth in the range of 9% and enable the creation of 100 million jobs in domestic industry by 2025,” he added.

During his visit, the Minister laid the foundation stone for a world class Advanced Nano Technology Laboratory (the first such laboratory in the country) as part of the Nano Manufacturing Technology Centre (NMTC) being established at a cost of Rs. 120 crore.