Secretary in the Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said that the Centre and the states need to work together to provide necessary support to industry to enhance their competitiveness.
Highlighting the significance of design and innovation in India's economic progress, Secretary of the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek also extended his "full support" to the setting up of a National Design Centre as early as possible.
When asked about Apple's proposals, Abhishek told reporters: "They are asking for certain exemptions. The government is considering it. But there are 90 manufacturers who are already manufacturing here. So Make in India is going quite strong."
The government is aiming to increase the share of manufacturing to 25 percent of GDP from the present 17 percent, with a view to creating millions of jobs and pushing the country's economic growth.
DIPP Secretary, Ramesh Abhishek is confident of seeing at least around 30 percent growth if not more, in foreign direct investment (FDI) into India next year, which will be similar to this year‘s growth number
The government is in the process of setting up a Rs 2,000 crore credit guarantee fund with a view to providing funding facilities to startups, a top official today said.
In an exclusive conversation with CNBC-TV18's Shereen Bhan, DIPP Secretary Amitabh Kant spoke on the government‘s decision to liberalise foreign direct investment policy in various sectors.
India, which is a major importer of defence equipment, has taken steps like relaxed foreign direct investment norms to boost local manufacturing. In the last five years, India has paid over Rs 1 lakh crore to foreign firms for acquisition of equipment for the armed forces.
At present, 100 percent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation sector or activity.
Morgan Stanley had a project that was stuck for the past two years and it is related to ITES sector. In just one meeting of this panel the issues related to Morgan Stanley were sorted out with cooperation from the information technology department.
Highlighting the significant role played by micro, small and medium enterprises in job creation, DIPP Secretary Amitabh Kant Monday said steps must be taken to enhance their productivity to achieve sustained economic growth of 9 to 10 percent.
According to Ajay Dua, Tatas are unlikely to face any hurdle in its new joint venture with the Singapore airlines as they fulfill the FEMA requirement of 51 percent by the Indian company and 49 percent by the foreign entity.
Rahul Khullar, who served as the commerce secretary for the past three years, today assumed charge as the chairman of TRAI, after completing formalities of leaving the IAS voluntarily.