<p>There is a need to develop India’s manufacturing sector, which would help create jobs and also add thrust to the GDP. In this regard, the Centre has announced a new national manufacturing policy (NMP) to enhance the share of manufacturing in GDP to 25 per cent within a decade, creating around 100 million jobs.<br /><br /></p>.<p>But enroute to the realisation of this ‘lofty’ goal, there are a number of issues and impediments that need to be identified and addressed. With this view, the Bangalore Chamber of Industry and Commerce (BCIC) on Monday held a seminar to deliberate on the issues and challenges of the NMP.<br /><br />Enumerating a few challenges to manufacturing, National Manufacturing Competitiveness Council (NMCC) Member-Secretary Ajay Shankar told delegates at the seminar, “The quickest and surest way to rid the country of poverty is to boost manufacturing, which will in turn create jobs.” <br /><br />Shankar added that workers’ welfare and lifestyle is more important than skills. “We need to provide good housing to workers, which must be made a higher priority,” he said, adding that National Investment and Manufacturing Zones (NIMZ) must be set up, besides establishing plant townships. He also called for a competitive exchange rate which would help incentivise value addition within the economy.</p>
<p>There is a need to develop India’s manufacturing sector, which would help create jobs and also add thrust to the GDP. In this regard, the Centre has announced a new national manufacturing policy (NMP) to enhance the share of manufacturing in GDP to 25 per cent within a decade, creating around 100 million jobs.<br /><br /></p>.<p>But enroute to the realisation of this ‘lofty’ goal, there are a number of issues and impediments that need to be identified and addressed. With this view, the Bangalore Chamber of Industry and Commerce (BCIC) on Monday held a seminar to deliberate on the issues and challenges of the NMP.<br /><br />Enumerating a few challenges to manufacturing, National Manufacturing Competitiveness Council (NMCC) Member-Secretary Ajay Shankar told delegates at the seminar, “The quickest and surest way to rid the country of poverty is to boost manufacturing, which will in turn create jobs.” <br /><br />Shankar added that workers’ welfare and lifestyle is more important than skills. “We need to provide good housing to workers, which must be made a higher priority,” he said, adding that National Investment and Manufacturing Zones (NIMZ) must be set up, besides establishing plant townships. He also called for a competitive exchange rate which would help incentivise value addition within the economy.</p>
