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2013-01-28

Single-window mechanism to make India a manufacturing hub: Sharma

Commerce and Industry Minister Anand Sharma on Sunday said that the Indian government has taken a number of measures and effectively put in place \"single-window clearance\" mechanism to make the country a manufacturing hub in the next 10 years. He was sp

Commerce and Industry Minister Anand Sharma on Sunday said that the Indian government has taken a number of measures and effectively put in place "single-window clearance" mechanism to make the country a manufacturing hub in the next 10 years. He was speaking at the partnership summit organised in Agra by the Confederation of Indian Industry (CII) in association with the federal ministry of commerce and industry and Uttar Pradesh government.

"We have effectively put in place the single-window mechanism. Land issue has been addressed," Sharma added.

The government has set a target to create 100 million skilled jobs and increase the share of manufacturing in the country's gross domestic product (GDP) to 26 percent in 10 years from around 16 percent now, the minister further said stating that National Manufacturing Policy would help achieve these targets.

Sharma stressed on the need for more coordination among the countries across the world to address the issues of unemployment and economic slowdown.

The minister said that out of global labour force of 3.3 billion, 200 million people were unemployed and over 900 million earned less than $2 a day.

"Over the next decade, 400 million new entrants will enter the labour market and we are faced with a challenge of creating 600 million jobs globally," he added.

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