Piyush Goyal asks industry to accelerate production activity, make India global hub for manufacturing
Oct 12, 2023
New Delhi [India], October 12 : Union Minister Piyush Goyal on Thursday asked the industrialists of the country to accelerate production activity and contribute to making India a global hub for manufacturing.
"The minister asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing. The Minister emphasized the Government's steadfast commitment to providing consistent policies while acknowledging the pivotal role and the support from industry leaders," the Commerce and Industry Ministry said in a statement.
The union minister, while chairing the "Chintan Shivir - Unleashing the power of India's Manufacturing Industry" at Bharat Mandapam in the national capital, also Goyal highlighted various reforms and schemes undertaken by the government to support the manufacturing ecosystem and welcomed the suggestions to catalyse the process for achieving economies of scale.
Goyal also commended the attendees, recognizing their spirited engagement and unwavering dedication to propelling India's manufacturing sector to scale greater heights and become globally competitive.
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry in association with SCALE Committee and Invest India organized a "Chintan Shivir - Unleashing the power of India's manufacturing industry".
The event brought together industry leaders from across CII, FICCI, ASSOCHAM, ACMA, and SIAM along with knowledge partners BCG and McKinsey, the ministry added.
It further said that the conclave served as a crucial platform for discussing the challenges and opportunities within India's manufacturing sector.
The major focus was to understand and deliberate on increasing manufacturing capacities across various sectors and enhancing contribution to GDP by 2030.
As per the ministry, the event evoked enriching discussions on 12 sectors (textiles, capital goods, auto and EV, defence, aerospace and space, metals and mining, leather and footwear, energy, food processing, chemicals, medical devices, ESDM value chains, drones) from manufacturing industry on key topics such as creating manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, fostering industry agility. These discussions laid the foundation for innovative strategies, trade enhancement, integration with global supply chains and increased investments in the Indian manufacturing industry.
The presentations made by each sector encompassed a comprehensive industry snapshot, detailing the current and projected industry potential and export potential.
The presentations delved into the critical enablers necessary for achieving these goals spanning the ecosystem, policy landscape, technological advancements, and skill development initiatives. Moreover, attendees experienced a detailed overview of the proposed collaborative plans between the government and the industry to drive these initiatives forward.
