New Delhi: The Centre is slated to discuss the draft document of national manufacturing policy at a high-level meeting chaired by the Prime Minister Manmohan Singh on June 9.

Confirming this Commerce and Industry Minister Anand Sharma said on the sidelines of the inauguration of Nano Manufacturing Technology Center, “The objective of the policy is to augment the share of manufacturing in the GDP from 15 per cent to 25 per cent by 2025. This will entail a growth in manufacturing at 12-14 per cent.”

This would help in creating 100 million jobs in domestic industry by 2025.

According to sources, the government has proposed a National Manufacturing and Investment Zone (NMIZ) in the draft policy. It will include productive units, transportation, pollution prevention and housing facilities.

Apart from this, government has also proposed to relax labour laws for these units which means the rules for employing and hiring will be flexible.

Government has also proposed various tax relaxations for the units to be set up in this sector.

Currently, the Centre has proposed to extend the concessions offered in the Special Economic Zone (SEZ) units to National Manufacturing and investment zone.

 

(JPN/Bureau)