Call Us Now

+91 9606900005 / 04

For Enquiry

legacyiasacademy@gmail.com

Government-Industry panel: Policy to revive manufacturing

Context:

Steering Committee for Advancing Local Value-Add and Exports (SCALE) chairman said that the the committee is fleshing out sector-specific policy advice and it has also identified ‘horizontal enablers’ that India needs to fix in order to become more competitive across the board, including the cost of doing business.

Relevance:

Prelims, GS-III: Industry and Infrastructure (Industrial policy, Government Policies and Initiatives)

Dimensions of the Article:

  1. Steering Committee for Local Value Addition, Manufacturing and Exports (SCALE)

Steering Committee for Local Value Addition, Manufacturing and Exports (SCALE)

  • The Steering Committee for Local Value Addition, Manufacturing and Exports (SCALE) is aimed at bringing the Indian manufacturing industries out of the import-dependence pitfalls exposed by the pandemic.
  • It looks at ways to increase localisation, component manufacturing and employment in the country.
  • The group is working on ideas to tap the global sentiment against China and strengthen Indian manufacturing for 17 sectors ranging from toys, textiles, furniture and e-cycles to drones and fisheries.
  • It has no deadlines, drafts or voluminous reports. All its proposals are laid out in a presentation at best.
  • It follows a rigorous process of consultations to align different factions of the industry with varying agendas at multiple levels and tries to nudge an alignment of interests where differences seem unmanageable, before it takes up the relevant issues with the government.
  • One of the primary aims is navigating Indian manufacturing away from the import-dependence pitfalls exposed by the COVID-19 pandemic. 

-Source: The Hindu

Download PDF
October 2022
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930
31 
Categories