India 2018

332 India 2018
National Manufacturing Policy
National Manufacturing Policy (NMP) was notified in 2011 with the objective
of enhancing the share of manufacturing in GDP to 25 per cent and creating 100
million jobs within a decade or so. The policy is based on the principle of
industrial growth in partnership with the states. The central government will
create the enabling policy framework, provide incentives for infrastructure
development on a Public Private Partnership (PPP) basis. Important
instruments/features of the policy are: national investment and manufacturing
zones (NIMZs); rationalization and simplification of business regulations;
simple and expeditious exit mechanism for manufacturing units; incentives for
SMEs; industrial training and skill upgradation measures; financial and
institutional mechanisms for technology development, including green
technologies; government procurement; and special focus sectors. The NIMZs
would be different from SEZs in terms of size; level of infrastructure planning;
governance structures related to regulatory procedures; exit policies; fiscal
incentives, etc.
Make in India
After the launch of 'Make in India' initiative in 2014, a national workshop was
held, wherein ministries/departments concerned with 22 thrust sectors
identified under 'Make in India', announced their Action Plans for
implementation over one and three years. Quantifiable and measurable
milestones in respect of each activity of the Action Plans have been identified
by the ministries/departments concerned with a view to monitoring the
implementation of these Plans. A total of 123 Make in India Action Plans (Short
term progress at 61 per cent and Medium Term progress at 27 per cent) across
22 sectors were identified. This Department launched an online 'Make in India
Dashboard' in 2016, to enable ministries/departments to view and update the
progress of their Action Plans on their own in a timely manner.
Under the Make in India initiative a 'Seven Year Strategy' was adopted
which involves redefining the sectors, adding new sectors like medical devices
while removing sectors that lose relevance in an evolving economy, to maximize
job creation potential with evolution of the economy. It should also expand its
reach to include service sectors, which have the greatest employment potential.
Make in India would thus get enlarged to embrace Serve from India. Sectors
such as tourism and hospitality are important for their job creation potential.
The focus will be on creating more high-end jobs, as also on reducing
unemployment and disguised unemployment.
Startup India
The Startup India initiative aims at fostering entrepreneurship and promoting
innovation by creating an ecosystem that is conducive to growth of Startups.
The initiative strives for providing a long due impetus to the entrepreneurial
set up in economic landscape of the country. It is established globally that
Startups are driving the economic growth of nations, creating employment and