Draft National Strategy for Enhancing Competitiveness of India's Manufacturing Sector Ready

A draft National Strategy for the Manufacturing in India has been prepared by the National Manufacturing Competitiveness Council (NMCC). The Draft Strategy is expected to be finalised after obtaining inputs from the members and it will also be put on the website of the NMCC shortly for wider dissemination and comments from the larger cross section of the public and the industry. The draft paper has given a 13-point strategy-covering 13 areas-for increasing the share of manufacturing in India's GDP and for securing a larger share of the global market viz. (i) Enhancement of government focus on manufacturing imperatives and competitiveness; (ii) Creating conditions for the growth of the manufacturing sector; (iii) Lowering cost of manufacture; (iv) Investing in innovations; (v) Strengthening education and training; (vi) Adoption of global best practices in manufacturing; (vii) Right market framework, competition and regulations; (viii) Promotion of small and medium industries; (ix) Enabling public sector manufacturing industries to meet competitive market conditions; (x) Infrastructure development (xi) Firm level competitiveness; (xii) Role of State Governments; and (xiii) Creating a monitoring mechanism & measuring performance.