Published on Thu, Feb 15, 2007 at 08:52 | Source : Moneycontrol.com
Updated at Mon, Feb 19, 2007 at 09:30
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FICCI seeks steps to boost manufacturing
To take the share of the manufacturing sector in the GDP to 22 per cent from the present 15 per cent by 2015, the FICCI has asked the Government to reform the labour laws and incentivise innovation and technology.
To take the share of the manufacturing sector in the GDP to 22 per cent from the present 15 per cent by 2015, the FICCI has asked the Government to reform the labour laws and incentivise innovation and technology.
The chamber also sought bridging the skill gap for the sector, speedy development of infrastructure and reducing transaction cost for the purpose.
The FICCI pointed out that there was a serious gap between the availability of skilled manpower and the requirement of industry. The textile and clothing sector will have the highest manpower requirement in the entire manufacturing sector in the next few years. Around five million people will be required mainly at the basic skill level in the sector out of which four million are required for the garment sector only. This will require massive expansion and modernisation of training institutes across the country that can be done with public private partnership scheme.
Power cost
On infrastructure requirements, the chamber noted that the effective cost of power for manufacturers, adding the cost of erratic and supplemented power to the base cost, is very high vis-à-vis their counterparts in China, Thailand, and Indonesia.
The FICCI pointed out that there was a serious gap between the availability of skilled manpower and the requirement of industry. The textile and clothing sector will have the highest manpower requirement in the entire manufacturing sector in the next few years. Around five million people will be required mainly at the basic skill level in the sector out of which four million are required for the garment sector only. This will require massive expansion and modernisation of training institutes across the country that can be done with public private partnership scheme. 
