Nation’s manufacturing policy to be out soon: Sharma

Prime Minister Manmohan Singh will chair a ministerial meeting next week on the manufacturing policy which is expected to be unveiled soon.

The country’s first manufacturing policy would come out soon and the Prime Minister scheduled to hold a meeting in this regard on June 9, Commerce and Industry Minister Anand Sharma said today.

The policy suggests setting up of National Investment and Manufacturing Zones (NIMZS) as mega investment regions.

This would help increase the contribution of the manufacturing sector to the country’s GDP from 16 per cent to 25 per cent by 2025, Sharma said.

The meeting to discuss the draft manufacturing policy was initially scheduled for June 2 but was postponed, he said, adding, the policy will come out soon.

Sharma was speaking at a meeting organised by Federation of Indian Exports Organisation, Tiruppur Exports Association and industry body SICCI here.

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