DIPP invites comments on new Industrial Policy

DIPP invites comments on new Industrial Policy

September 1, 2017 Industry Specific 0

The Department of Industrial Policy and Promotion (‘DIPP’), Ministry of Commerce and Industry has initiated the process of formulation of a new Industrial Policy in May 2017.

DIPP has invited comments feedback, suggestions from the public regarding framing of the new Policy. All comments, suggestions, feedback on the new Industrial Policy may be sent to DIPP at kokila.jayram@nic.in or jsvk-dipp@nic.in by September 25, 2017. Please note that DIPP has issued a discussion paper on the New Policy, however, the same is not available in the public domain yet.

A consultative approach was taken while formulating the new Industrial Policy wherein six thematic areas were formed. 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. An online survey on DIPP website was used to obtain inputs from various focus groups with members from government departments, industry associations, academia, and think tanks who delved deep into challenges faced by the industry in specific areas.

The New Industrial Policy will subsume the National Manufacturing Policy.  The DIPP has proposed that the new Industrial Policy will aim at making India a manufacturing hub by promoting ‘Make in India’.  The Policy aims to incorporate the use of modern smart technologies such as Internet of Things (IOT), artificial intelligence and robotics for advanced manufacturing.

The Industrial Policy is likely to be announced in October 2017.

Source: Press Information Bureau

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