As compared with the success achieved in the services industry, the Indian economy has witnessed a slow pace of growth in the manufacturing sector. To give an impetus to manufacturing, the government of India on 4 November notified the national manufacturing policy.
The policy is aimed at boosting the share of industrial production in the country’s economy, increasing employment, developing world-class infrastructure and promoting investments in India’s manufacturing sector, which is lagging behind other developing Asian countries.
Answering needs
The pressures of the country’s demographics and the need to employ young Indians can be resolved by large-scale employment in the manufacturing sector. A rejuvenated manufacturing sector was seen as the best vehicle to achieve this goal.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员。
Abhishake Sinha is a partner at Chitale & Chitale Partners. Chitale & Chitale Partners is a full-service law firm based in New Delhi. It provides quality legal advice to its clients in matters relating to commercial laws.
[INSERT LOGO OF CHITALE & CHITALE]
C-83, Neeti Bagh
New Delhi – 110049, India
Tel: +91 11 4164 2965 / 66 / 67
Fax: +91 11 4164 2964
Email: suchitra@chitales.com