While the policy must plug gaps such as land, infrastructure and skills, it must also focus on those industries that create jobs at scale
Industries department officials on Saturday said that comments have been invited from the shareholders on the policy white paper till November 20.
The former RBI governor, while sharing his opinion on Budget, said India should strengthen its democratic credentials and chart its own path by focusing on value-added services.
The government's foremost export incentive scheme now after the shutdown of the erstwhile Merchandise Exports from India Scheme (MEIS) has been live since January 1 but remain inactive as exporters don't know the refund rates. New schemes focused on district level exports also being worked on, Commerce Secretary BVR Subrahmanyam said.
The government has identified industrial zoning as a key focus area to ensure planned industrial development and provide a risk-free, investment-friendly environment for setting up and operating industries in the state with minimal impact on the environment.
Minister for Medium and Large Industries Jagadish Shettar said the draft industrial policy would focus on developing industries in the second and third tier cities of the state.
"The policy would satisfy all the stakeholders and provide a level playing field for growth of industry. Central government will extend all help to local industrialists to enable them to flourish and compete with other competitors by providing them level field," Prakash said.
Murmu also assured another delegation of border villages' residents of building more underground bunkers to shield them from Pakistani shelling and provide them quick access to medical aid when wounded.
The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year
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.
The CPI(M)-led LDF government in Kerala today said it would soon unveil a new industrial policy that would do away with the hassles of starting new ventures in the state.
The new industrial policy is aimed to boost and revive the industry in the state and to encourage new investment in industries and facilitate new entrepreneurs, besides generation of employment avenues.
The new policy will also have a state government-level credit guarantee scheme, he said, adding the government would like to work out a system wherein it is able to guarantee each and every SME application posted before the bank
The Department of Industrial Policy and Promotion (DIPP) has raised questions on foreign direct investment (FDI) in brownfield pharma companies.
The Parliamentary Standing Committee on Commerce sought public suggestions on issues related with free trade agreements and industrial policy in changing global scenario.
The Tamil Nadu government is keen on boosting investment in the state. And that explains why the state budget presented in assembly saw a definite thrust on the manufacturing sector. But it's the tax on alcohol that has everyone talking
The prospect of a mammoth USD 12 billion investment by iPhone maker Foxconn Technology Group has sent Brazilian government officials scrambling to rethink the country's industrial policy.