Press Esc to close
Monday 20 October 2014
News updated at 3:07 PM IST
Weather
Max: 30.8°C
Min : 20.1°C
In Bangalore
Sunny day

NMP will help boost manufacturing share of GDP, says Sharma

Bangalore, December 23, 2013, DHNS:
Anand Sharma. DH Photo

Stressing the need to improve the country’s manufacturing capabilities, Union Commerce and Industry Minister Anand Sharma said on Monday evening that the national manufacturing policy (NMP) would over the next decade raise the share of manufacturing in GDP from 16 per cent presently to 25 per cent.

“Raising the share of manufacturing will help create 100 million new jobs over the next decade,” Sharma said, after reviewing the status of various projects including the Bangalore-Chennai and Bangalore-Mumbai Industrial Corridor projects with Karnataka Chief Minister Siddaramaiah and senior officials.

He said that more public-private partnerships would help boost manufacturing activity in the light of 14 new National Investment and Manufacturing Zones (NIMZs) receiving approval across the country. 


“The NIMZs will essentially be full-fledged industrial townships. We are also developing freight corridors to support export activity at the NIMZs, starting with the Delhi-Mumbai Industrial Corridor. Port cities are also under consideration as part of the freight corridor plan.”

On the need for robust and efficient implementation of manufacturing policy, Sharma said that a lot of policy-making has been trapped in discourse and little action. 

“We do need stronger implementation. Under the NMP, we have seen investments in place, but there is a lot for the industry to do as well. Governments can only put policies in place and do hand-holding for industry. Land for projects will be the equity of the state while providing infrastructure will be the Centre’s prerogative. However, industry can do more. For a start, there is also the need for greater awareness about NMP among the industry,” he said.

Manufacturing sector output contracted 0.3 per cent during the April-October period of 2013-14 fiscal, from 1.1 per cent growth in same period last year.

Go to Top

Photo Gallery
Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

Autumn light is seen at sunset on the Alexandre III Bridge, with the Eiffel tower in background...

Autumn light is seen at sunset on the Alexandre III Bridge, with the Eiffel tower in background...

BJP candidate Sanjay Kelkar flashes victory sign while celebrating with his supporters...

BJP candidate Sanjay Kelkar flashes victory sign while celebrating with his supporters...

Supporters celebrate Congress candidate Praneeti Shinde's victory in the Assembly polls ...

Supporters celebrate Congress candidate Praneeti Shinde's victory in the Assembly polls ...

Former Indian Cricket players Krishnamachari Srikkanth with Devang Jayant Gandhi and Deepak Shodhan.

Former Indian Cricket players Krishnamachari Srikkanth with Devang Jayant Gandhi and Deepak Shodhan.

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523