Manufacturing/Make in India
20 sectors identified for boosting manufacturing and export
The central government has identified 20 sectors where India can meet domestic demand as well as become a ‘global factory of the world’ by pushing out more exports and reining in costly imports, Commerce and Industry Minister. We had first identified 12 sectors. Now, there are eight more. We have 20 sectors where Ficci and other associations form a part of our engagement. Earlier, food processing, iron and steel, electronics, industrial machinery, furniture, automobile parts, and leather and footwear were among the sectors identified for import substitution and increasing exports.
Govt likely to set up multi-purpose R&D technology centre to reduce import dependence, promote MII
Minister for MSMEs, Road Transport & Highways, Govt of India, said that the government is likely to set up a multi-purpose R&D centre to reduce import dependence and promote the Make in India (MII) and Made in India initiatives. Addressing an ‘Interactive Meeting of Industry Chambers & Business Associations’, organized by FICCI, Mr Gadkari said, “Industry can buy land and the government will support by providing technology and equipment to the centre.” The industry can tie-up with various IITs and engineering colleges, especially those in agri-related equipment, to find solutions to various products being imported and develop under the Make in India and Made in India campaigns.
Government to roll out PLI scheme to boost domestic telecom equipment production
The Department of Telecom is working on rolling out a Rs 15,000-crore (€1.8 billion) worth production-linked incentive (PLI) scheme to promote the domestic production of telecom equipment. The DoT is preparing the draft cabinet note to provide financial incentives to companies that produce 5G telecom equipment. The scheme's primary aim would be to boost the domestic production of telecom equipment and reduce the dependence of Chinese suppliers. State-run Indian Telephone Industries Limited (ITI), Sterlite Technology, Tejas Network, and Himachal Futuristic Communications Ltd. (HFCL) are some of the domestic players involved in the manufacturing of telecom equipment.