National Manufacturing Policy has proposed rationalisation and simplification of business regulations.
It has the following aims:
- The share of manufacturing in GDP to rise by 25% in 2022.
- Increase in growth of manufacturing sector to 12 to 14 percent across the medium term.
- Increase in rate of employment creation in manufacturing for creation of 100 million additional jobs by 2022.
- Enhanced global competitiveness of Indian manufacturing through efficient policy support.
- Launch of the Make in India program in 2014 with the aim of attracting business to make investments in manufacturing sector in India.
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