The Department for Promotion of Industry and Internal Trade (DPIIT) has prepared an initial draft industrial policy which targets to raise value addition in the manufacturing sector to USD 1 trillion by 2025, an official said.
The policy envisions to create globally competitive business enterprises which can generate gainful employment and sustainable livelihoods. It entails creating industry that is equipped with innovation, technology; financially viable and environment-friendly; and whose benefits are shared by all sections of the society, the official added.
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The draft has also proposed a detailed implementation mechanism of the policy under which it has suggested setting up of a national industrial competitiveness council and a steering committee. The new industrial policy was prepared and sent to the cabinet by the department last year but some new suggestions were made and now it is being reworked by the DPIIT.
Source: Millennium Post
