DPIIT asks ministries to boost up up manufacturing.
The DPIIT (Department for Promotion of Industry and Internal Trade) has shared a list of 24 key sectors with respective ministries asking them to develop an action plan to boost domestic manufacturing and make India a self-reliant country, an official said.
Food processing, toys, furniture, agrochemicals, organic farming, furniture, leather, and shoes are a few of the industries to name.
"Each ministry has been sent to those sectors to identify their response. What incentives they (sectors) need, what policy tweaking is required, they (respective ministries) should do that. We have given them a preliminary action plan and the ministries will work on that. Each ministry will bring its own policy on these sectors," the official said.
"Several meetings were held with stakeholders to identify these sectors which have the potential to become global winners and make India a strong manufacturing hub," the official added.
The manufacturing sector contributes about 15 per cent to the country's economy and the government is aiming to increase it.
Promoting manufacturing would help create more jobs and also push India's diminishing exports. Exports decreased by 26.65 per cent (USD 97.66 billion) during April-August this fiscal.
The Index of Industrial Production (IIP) also went down by 29.2 per cent. The manufacturing sector constitutes about 78 per cent of the IIP.