<p>The BJP on Monday pledged to make India as a global manufacturing hub over the next five years through improving ease of doing business, strengthening Companies Act and bringing in a new industrial policy with special focus on MSMEs.<br /><br />“In order to incentivise compliance of law and ease of doing business, we will amend the Companies Act to impose civil liability for technical and procedural defaults of a minor nature thus unclogging the majority of the cases from the courts,” the BJP's manifesto said.<br /><br />It said the party will strive to further improve ease of doing business and take the country's ranking into top 50. It also promised to announce a new industrial policy to improve the competitiveness of manufacturing and services with an eye on Industry 4.0 in order to gear up for technologies like artificial intelligence and electric mobility.<br /><br />Special efforts will be made for MSMEs, it said.</p>.<p>“We understand that clustering and network effects are important in order to build competitiveness in cutting edge industries. Therefore, we will invest in creating clusters/networks that can take on the world’s best. Public procurement and government incentives will be used actively to build up these clusters and encourage job creation,” the manifesto said.</p>
<p>The BJP on Monday pledged to make India as a global manufacturing hub over the next five years through improving ease of doing business, strengthening Companies Act and bringing in a new industrial policy with special focus on MSMEs.<br /><br />“In order to incentivise compliance of law and ease of doing business, we will amend the Companies Act to impose civil liability for technical and procedural defaults of a minor nature thus unclogging the majority of the cases from the courts,” the BJP's manifesto said.<br /><br />It said the party will strive to further improve ease of doing business and take the country's ranking into top 50. It also promised to announce a new industrial policy to improve the competitiveness of manufacturing and services with an eye on Industry 4.0 in order to gear up for technologies like artificial intelligence and electric mobility.<br /><br />Special efforts will be made for MSMEs, it said.</p>.<p>“We understand that clustering and network effects are important in order to build competitiveness in cutting edge industries. Therefore, we will invest in creating clusters/networks that can take on the world’s best. Public procurement and government incentives will be used actively to build up these clusters and encourage job creation,” the manifesto said.</p>
