Suggestions Invited for Formulation of a New Industrial Policy

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industry initiated the process of formulation of a new Industrial Policy in May 2017. Since the last ...

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The Department of Industrial Policy and Promotion, Ministry of Commerce and Industry initiated the process of formulation of a new Industrial Policy in May 2017. Since the last Industrial Policy announced in 1991, India has transformed into one of the fastest growing economies in the world. With strong macro-economic fundamentals and several path breaking reforms in the last three years, India is equipped to deploy a different set of ideas and strategies to build a globally competitive Indian industry. The new Industrial Policy will subsume the National Manufacturing Policy.

A consultative approach has been taken for industrial policy formulation wherein six thematic focus groups and an online survey on DIPP website have been used to obtain inputs. Focus groups, with members from government departments, industry associations, academia, and think tanks have been setup to delve deep into challenges faced by the industry in specific areas. The six thematic areas include Manufacturing and MSME; Technology and Innovation; Ease of Doing Business; Infrastructure, Investment, Trade and Fiscal policy; and Skills and employability for the future. A Task Force on Artificial Intelligence for India’s Economic Transformation has also been constituted which will provide inputs for the policy.

It is proposed that the new Industrial Policy will aim at making India a manufacturing hub by promoting ‘Make in India’. It will also suitably incorporate the use of modern smart technologies such as IOT, artificial intelligence and robotics for advanced manufacturing.

Hon’ble Minister of State(i/c) for Commerce & Industry Smt Nirmala Sitharaman will hold consultations with stakeholders, including industry captains, think tanks and State governments in Chennai, Guwahati and Mumbai. The Industrial Policy is likely to be announced in October 2017.

DIPP invites comments, feedback, suggestions from the public regarding framing of the new Policy.

The last date of submission of suggestions is 25th September, 2017.

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sachin hiray's picture

sachin hiray 2 months 3 weeks ago

We should focus on development of brand of small daily use things like Ball Pen, Pencil or other such small daily use things..like Japan which produces Ball Pens with good quality, this result into creation Brand of Made in Japan as household mantra...After excelling in small things then we step up for high impact products.. Due to The impact of small quality things which are Made in India becomes household name which is useful for acceptance next generation products from India.

Vinayak Shankarrao Khare's picture

Vinayak Shankarrao Khare 2 months 3 weeks ago

Sir,
After going through discussion paper it is felt that we should formulate Vision and Mission statement for our industrial policy so that we can work with focus. Categorisation of industries will also help us in formulation of policy for that specific category and preparation of docket. Some thoughts are given in attached paper. Since I noticed this discussion point late, probably not done justice to such important topic as I have to put up points hurriedly. May be useful.

D Mohan's picture

D Mohan 2 months 3 weeks ago

The decision to phase out Petrol and diesel cars in the long run is right decision.So India must move towards related manufacturing in three sectors:
1)Put up manufacturing plants for manufacture of Lithium-ion batteries in mass scale close to the four metros
2)All the auto-manufacturers to change over to manufacturing of Electric cars ,Buses and two-wheelers gradually over the next one decade with govt.incentivizing through suitable tax breaks etc.
3)build charging stations parallely.

Soumya Bose's picture

Soumya Bose 2 months 3 weeks ago

1 crore jobs can created only through greatness not on averageness. They as employees will feel great while working in those companies than as individuals.
Policy should focus on power of Synergy. We are average as individuals but great as Company.
Thrive for a great rather than an average policy. It will yield great results instead of average results. Which in turn change life of average Indian to a great one.

Soumya Bose's picture

Soumya Bose 2 months 3 weeks ago

Which in turn is the current norms where Average is greater than Greatness itself.
We are average product manufacturer with average manpower and average profit selling to average citizens.
This status quo of average is disastrous for any society especially when its population is under 35.
Demographic dividend only pay if we set greatness ahead of average ness..
So we have to build a great policy not average policy which indeed produce a great result not an below average result.

Soumya Bose's picture

Soumya Bose 2 months 3 weeks ago

Entrepreneurs will need capital other institutional opportunities like in industrialized nations.
A case to case basis approach won't work.
Every future device be it car or farm or medical equipments all are digital and IoT in it.
So electronics is the field need support for innovation & production.
Failure is the norm for these ventures. So financial back up for them is must.
The traditional do or die appoach won't work. If they die it will encourage only mediocrity and not meritocrity.

Soumya Bose's picture

Soumya Bose 2 months 3 weeks ago

Small is big....
German Economic Miracle depends upon not only big corporations but on Mittelstand(MSME)..
So policy for MSME is a must focus than big corporations.
They need finance,manpower,market...policy should address these concerns...
Tech companies like Apple & Microsoft started from micro level. Even China figured out ways to improve Electronics manufacturing. The Industrial Revolution 4.0 would only be a dream if idea is not nurtured through proper policy.

Ghanshyam_133's picture

Ghanshyam_133 2 months 3 weeks ago

all privet compeny locel 50% other state50% new reul relese privet job lo selery 12hours 18000 in hand privet compeny locel not vacency other state open vacency

Ghanshyam_133's picture

Ghanshyam_133 2 months 3 weeks ago

sir all id proff close only 1 id adhhar in chip seystem avlable all dept.govt./privet onlyadhharid full ditels adhhar pvc print only with chip seystem

pankaj mehta's picture

pankaj mehta 2 months 3 weeks ago

In formulation of new industrial policy is a only policy document which indicate where govt wants to focus but where is the capability to achieve in area of focus.