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July 27, 2017

‘Make in India: The Way Forward’, seminar organized by central government and CII


The ecosystem for skill development, technology and innovation was critical for ‘Make in India’ to succeed, was the unanimous view expressed by central ministers, officials and industrialists on Monday. Defence Minister Manohar Parrikar speaking at a seminar on “Make in India: The Way Forward”, organised by the central government and the Confederation of Indian Industry (CII), said the industry and the government should collaborate in these areas. He said that with the opening up of foreign direct investment (FDI) to 49 percent, no pendency in approvals for offset and exports, and amendments in the new Defence Procurement Policy, the Indian defence industry was moving in the right direction to be a key beneficiary and contributor to the ‘Make in India’ campaign.

Commerce and Industry minister, Nirmala Sitharaman expressed satisfaction in her remarks, at the cooperation received from various states on reforms to ease of doing business at the panel discussion. Expressing confidence on the two-way exchange between the Indian industry with the states as well as the central government, she said the government was there to play the role of a facilitator and not that of a regulator.

Amitabh Kant, secretary in the department of industry policy and promotion, said the world of manufacturing was changing very drastically with a paradigm shift in technology and disruptions brought about by robotics, simulations, cyber security and big data analytics has made the global companies to get digitally integrated. There was a need for Indian companies also to embrace such a shift, he said.

The online system for environment and forest clearance over the past 18 months enabled the government to give 954 environment clearances translating into Rs.6.5 lakh crore worth of investments, added Ashok Lavasa, secretary in the ministry of environment, forests and climate change. Kumar Mangalam Birla, chairman of the Aditya Birla Group, said the overall investment climate has seen significant improvement over the last six months on the back of the policy reforms undertaken by the central government and the measures taken by the states for attracting investments have made it easier to do business.

Note: News shared for public awareness on behalf of information provided by leading news portals.

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