Commerce and Industry Minister Nirmala Sitharaman has said government wants to make India a global destination for manufacturing and it has a huge potential to be so. Speaking at a function to launch Make India Campaign in New Delhi today, she said government is determined to push the share of manufacturing in GDP to 25 per cent from the present 15 per cent. She said government has identified 25 sectors in which India can become a global leader. Ms Sitharaman said a series of measures are being taken to ease doing business. She said the government is fully committed to de-licensing, deregulating and taking India to high growth trajectory. She said labour laws are also being amended.AIR correspondent reports, Prime Minister Narendra Modi will launch the Make in India campaign shortly. It is aimed at making India a manufacturing hub by attracting foreign companies to set up their manufacturing units.In his Independence Day speech, Mr Modi had appealed to people the world over to come and manufacture in India and sell in any country of the world. Mr Modi had asserted that India has the skill, talent, discipline and determination.Make in India will act as a first reference point for guiding foreign investors on all aspects of regulatory and policies issues and assist them in obtaining regulatory clearances.
News On AIR | September 25, 2014 11:52 AM
Govt determined to push share of manufacturing in GDP to 25 %: Nirmala Sitharaman