India working on its new manufacturing policy

Monday, 23 May 2011, 15:45 IST
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Addis Ababa : India will formulate its new policy for increasing share of manufacturing in its gross domestic product with a view to create additional jobs in the country. Prime Minister Manmohan Singh has convened a meeting on June 2 of senior ministers to give a direction for firming up the policy. Its draft prepared by the industry ministry has suggested flexibility in labour laws and changes in environment norms in big industrial enclaves. "The June 2 meeting is confirmed," Commerce and Industry Minister Anand Sharma told PTI. Sharma is leading a CII delegation for the 'India Show' in the run-up to India-Africa Forum Meeting to be attended by Singh. It has been more than a year that the industry ministry is trying to evolve a consensus on its draft manufacturing policy.
Source: PTI
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