The campaign that sprouted from the PM’s speech on Independence Day launched into bigger space with Narendra Modi spelling out that the nation will be placed among the global manufacturing hubs.
Delhi would be the venue for discussions with the CEOs of 300 top companies looking to give India the added manufacturing boost.
Prominent businessmen and CEOs are expected to participate in the meeting to be held at Vigyan Bhawan on Thursday. Simultaneous meetings of representatives with investors and consultants would also take place across various state capitals and abroad to mark the greater extent of the campaign.
‘Make in India’ campaign launches Thursday:
The campaign primarily eyes at luring foreign companies to India to tap its manufacturing potential. Speedy decision-making for the foreign companies would be one of the key aspects of focus. Emphasis has been put on 25 identified sectors, which include Pharmaceuticals and Bio-Technology.
The Commerce Ministry’s Department of Industrial Policy and Promotion has been rejuvenated with an “Invest India” unit. Efforts have been on to curb the time taken for the process of setting up manufacturing units.
Proposals from various companies would now be examined by an expert panel of eight people and will have its processing carried out by the respective nodal officers from each of the ministries involved.
It is assumed that invites have been sent to across to 3,000 top-tier companies in an effort to achieve 10% sustainable growth rate in the manufacturing sector.
The Prime Minister, after his ‘Make in India’ discussions, would be embarking on his US visit during the the coming weekend.